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The Implementation of Financial and Taxation Policies about Giving futher Support to Enterprise Development and Attracting Overseas Investment, Financal and Taxation Policies on Supporting Scientific and Technical Progress
enorth.com.cn   2007-09-13 11:55


1. Profits made from certified national new products and patent products are free of income tax within the 3 years since the day of sale; Profits made from certified city-level new products are free of income tax within the 2 years since the day of sale.

2. In order to attract foreign merchants to set up research and development institutes in our city, the government, by referring to the financial and taxation policies on state-owned research and development institutes, will temporarily exempt them business tax and income tax either for their technical transfer by R&D institutes sponsored by foreign merchants or for the income earned for relevant technical consultation, service and training related to technical transfer in the course of technical transfer. Preferential policies for the income tax paid by overseas enterprises and institutes will be collected first and then given back to them.

3. Research institutes invested by foreign merchants will pay tax for the profits earned from new products by expanded intermission test by referring to income tax policies on new products by domestic enterprises in our city.

4. As for different kinds of investment companies which invest new advanced technical industrialized projects, if their invested dollars exceed 25% of the capital of the enterprise they invest, their dividends on shares are free of income tax; and 50% of the total dividends will offset the profits with tax of the investment company itself, and the enterprise will be exempt 3 years of paying income tax.

5. Since their new products are put into production, enterprises draw money as rewards from the cost by 5% of the newly added net profits of the new products. Such rewards will be given to those who made great contributions to the new product development.

Financial and tax policy on encouraging foreign merchants to invest in our city

(1) In the course of Sino-foreign joint venture reshuffle, one party of the enterprise get rise to the behavior of transfer of land use right by selling the land and real estate on it with a price, income from transferring the land by the party incurs no charge for business tax; the party who get the land use right will incur no charges for contract when they go through formalities concerning the transfer of the land and real estate on it.

(2) The foreign merchants who invest banks, insurance companies, lawyer's office, accountant's office and advanced consulting companies incur no charges for contract tax because of purchasing new office, and will be exempted from paying municipal real estate tax for a year. Banks and insurance companies will be exempted local income tax since the year of first earning profits. Lawyer's office, accountant's office and advanced consulting companies will be exempted enterprise income tax from the 1st to the 2nd year since its opening.


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Editor: Zhang Jialu

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