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Home > Investment
environment > Preferential
Policies |
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- Policies on Taxation
- A productive enterprise which scheduled to operate for over 10
years shall be exempted from income tax for the first two profit-making
years and be allowed a 50% reduction of income tax in the next three
years.The projects encouraged by Zhangzhou city and Fujian province
shall receive the payback of their income tax(50% reduction in three
years)which is the part of local income by the finance and receive
50% payback of their income tax which is the part of local income
from the 6 th year to 10 th year .
- The foreign-invested enterprise,whose output value of the export
products in the very year is in excess of 70% of the whole year
output value,may pay enterprise income tax at 12% after the expiration
of the said period of the reduction or exemption of enterprise income
tax.
- The technological advanced enterprise with foreign investment
which is still a technological
Advanced enterprise after examination,may extend for three years
the payment of enterprise income tax at a rate of 12% after the
expiration x at a rate of 12% after the expiration of the Said period
of the reduction or exemption of enterprise income tax.
- A foreign invested productive enterprise may be exempted from
local income tax for 5 years With the approval of government.
- Foreign investors who reinvest the profits derived from their
enterprises for a period of operation of no less than 5 years,after
application to and approval by the tax authorities,shall be refunded
40%of the income tax already paid on the reinvested portion.The
export enterprises or technologically advanced enterprises shall
be refunded the total amount of income tax.
- The enterprise who contributes its profit to the social and public
causes will be refunded the Contribution.
- If the foreign invested enterprise incurs annual loss, it can
make up the loss with the nest year income ,if not enough,it can
make it up the next half year but no more than 5 years.
- Land Policies
- The right to use land held by a foreign investor may be transferred,rent
and mortgaged within the frame work of the approved provisions on
duration and uses.
- For the new and high technological projects or the rojects whose
investment is over US$30 Million, in terms of product instead of
import,the preference will be provided on land use.
- Labour Policy
- A foreign invested shall have full discretion to establish its
own management mechanism and decide upon its personnel structure,
according to the requirements of its production operations.
- On the promise of obeying related regulations, foreign invested
enterprises shall have all discretion to set wage level for their
employees,determine the form in which wages are paid and set up
a reward and bonus system.
- Policies of Protecting Foreign Investments
- Foreign invested enterprises in the Development Zone approved
by the government shall have the status of Chinese legal entities.All
their production operations within the frame work of the approved
contracts shall be protected by Chinese laws.
- After-tax profits and other lawful incomes for foreign investors
shall be protected by Chinese laws.
- Policy on Import/Export Trade
- A foreign invested enterprise is authorized to import and export
directly.It may make its own Customs declaration in respect of goods
to be imported or exported.
- On the promise of keeping the balance of foreign exchange,the
foreign invested enterprises may establish their own selling ratio
in the domestic market.
- Other Incentives
- Expand investment area and widen investment size. Foreign investors
are allowed to involving in real estate,entertainment and other
service industry .
- Except in income tax and land use ,the prefernce will be provided
to the new-high technology Enterprise,whose introduced equipments
are regarded as the world advanced level by the Provincial technological
administration, its tarriff and import value added tax which has
paid to the local finance will be refunded year by year after it
becomes operational.
- An overseas Chinese or an ethnic Chinese from HongKong or Macao
with an interest in an enterprise in the Zone may have one or more
relatives or friends in China registered as residents of the Zone,depending
on the size of his investment.
- The Zone welcome domestic units and individual to come to make
investments and set up productive .The same preference will be provded
as well.
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