In
order to assist the key
enterprises entering the
development zone, the
administrative committee of the
development zone takes the
special funds from financial
capacity to set up Scientific
and Technological Development
Fund. The sum of assisting fund
is depended on investment
amount, technology content and
economic benefit and the
contribution to the country. It
is described as follows:
Enterprises registered in
the development zone can apply
for the Scientific and
Technological Development Fund
which is equal to 50% of the
remains of revenue which is
taken by the development zone
from the actual paid value added
tax, income tax paid by the
enterprise and sales tax. The
duration of assist is 10 years
and calculated from that very
month when the manufacturing
enterprise was put into
production and from that very
month when the non-manufacturing
enterprise got their business
license.
For enterprises increasing
investment or reinvesting, if
they have independent accounting
qualification, they can apply
for the Scientific and
Technological Development Fund
which is equal to 50% of the
remains of revenue which is
taken from newly increased value
added tax, income tax paid by
the enterprise and sales tax;
For enterprises without
independent accounting
qualification, they can apply
for the Scientific and
Technological Development Fund
which is equal to 50% of the
remains of revenue which is
taken from the newly increased
tax brought by increasing
investment. The increased tax is
based on the value added tax,
income tax paid by enterprise
and sales tax of the year before
increasing investment.
"one thing, one
negotiation" policy is carried
out for the important project.
Attachment: The ratio of income
tax collected from foreigner
solely invested enterprises of
manufacture type (the percentage
of the profit)
|
No.
|
Time
|
State level
development zone
|
The old
downtown of the city
where the state
level development
zone is located
|
Other areas
|
|
1
|
The 1st and 2nd year
from the
profit-gaining year
|
Free of duty
|
Free of duty
|
Free of duty
|
|
2
|
From the 3rd to 5th
year
|
7.5%
|
12%
|
15%
|
|
3
|
From the sixth year
|
15%
|
24%
|
33%
|
|
|
Taxes
Duty-free. Cargoes
that are processed and produced
in the export-processing zone,
together with taxable labor
services of enterprises in the
zone, are free of value added
tax and consumption tax.
Machines, facilities, moulds and
spare parts for maintenance;
Materials for the infrastructure
construction and office supplies
for self use are all free of
custom tariff and import duty.
Drawback. Cargoes
exported to the Processing Zone
from the domestic enterprises
outside the Zone enjoy the
preferential policies of
value-added tax drawback.
Domestically manufactured
machines, equipments, raw
materials, spare parts,
components, wrapping materials
and a reasonable amount of
construction materials, which
are imported to the Zone from
the outside domestic areas, get
drawback in accordance with
exportation. Water, power and
gas, which are consumed for the
purpose of the enterprise's
processing and production in the
processing Zone, enjoy drawback
policy.
Protective Tariff. Imported
raw materials, spare parts,
components, wrapping materials
and consumable materials that
are necessary for the Processing
Zone's exportation enjoy full
protective tariff.
Administration of Foreign
Exchange
Enterprises in the
Export-processing Zone are not
required to transact the
cancel-after-verification
procedures for export remittance
when they sell products to the
overseas; neither are they
required to transact the
cancel-after-verification
procedures for import payment
when they remit to the overseas
for the imported goods. There is
no division of foreign exchange
balance accounts and foreign
exchange special accounts for
the institutions' foreign
exchange accounts in the Zone,
and all accounts are under
unified administration.
Quota License
Unless there are
additional national provisions
and quota is implemented,
cargoes imported and exported
between the Export-processing
Zone and overseas are not in
import and export quota and
license administration.
Customs
Supervision
Instead of the account
system of bank guaranty funds
and the "Processing Trade
Manual" for the processing trade
between enterprises of the zone,
the electric account book
administration is adopted, and
the system of reduction and
verification of the total amount
is executed every half a year.
The cargoes imported and
exported between the Export
Processing Zone and the overseas
are managed through the "record
system". According to the
supervision methods of
direct-through transportation or
transportation through multiple
customs, the cargoes imported
and exported between the
Export-processing Zone and the
overseas will be put under the
transit mode of "one
declaration, one authorization
and one check" by the customs of
the Zone.
Other
Preferential Policies
Enterprises in the zone
also enjoy all the preferential
policies for state level
development zone. |
