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Preferential Policies In Baoying, Jiangsu

 

Taxation Policy
1. The newly built up new and high-tech item and its technical products in the city class can enjoy a cut-back of 50% value-added tax as a prize, besides enjoying national and provincial preferential policies within 5 years.
2. 50% value-added tax will be cut within 5 years, if the annual invoice amount of the newly productive item can reach 5 million yuan.
3. After the expiration of the preferential policy, if the enterprise keeps on with investing another 5 million yuan, the exceeded value-added tax according to last year will enjoy another 5 years for a cut-back of 50% of the value-added tax.
4. In regard to newly built up foreign productive enterprise, the enterprise income tax will be exemptible for the first two years and half rate reduction for the subsequent three years from the beginning of payoff, so does the newly built up productive enterprise by domestic fund(including civilian fund). After the expiration of the preferential policy, if the enterprise keeps on with investing another 5 million yuan, the exceeded value-added tax according to last year will enjoy the policy which is the enterprise income tax will be exemptible for the first two years and half rate reduction for the subsequent three years. If the current productive enterprise has a one-off technical alteration, investing more than 5 million yuan,with the enterprise income tax exceeded that last year, we will also perform our policy--exemption for the first two years and half rate reduction for the subsequent three years. The above preferential policies will be carried out by benefited county or local financial bureau.
Policy of Land Use
1. Processing the land selling formalities for industrial use: For any industrial projects with fixed assets exceeding 20 million yuan and conforming with the conditions of entering into the county-level development zone, the usage fee of 30 thousand yuan per Mu shall be paid once for all; and 30 thousand yuan per Mu shall be paid once for all for any industrial projects of the high and new technology type of the provincial level with fixed assets exceeding 10 million yuan or more.The other projects will be charged 50 thousand yuan to 70 thousand yuan or so per Mu. The investment items of EMS belong to hi-tech industry, so the government decides to carry out special favorable policy for this item, that is to say if the fixed assets of US$ 1 million should be paid by EMS each year,then 0.66 hectares land be offered by government freely without any other charges.
2. For the processing land leased for industrial use, the usage fee of 20 thousand yuan per Mu will be once for all; and the rent is 600 yuan per Mu every year.
3. In order to enhance the efficiency of using the land, the standard of land investment intensity shall be implemented conforming to the requirement of the provincial government. While processing the confiscation or hire formalities for the above-mentioned land use, the margin part of the charges shall be returned by the financial authorities of the beneficiary county or township of the said project after the check and acceptance of the completed project.
Power and Water Using Policy
The need of Water and power required by foreign enterprise will be preferential satisfied. To the foreign enterprise in Baoying county, the additional fee of increasing power volume charge etc.is not collected except that regulated by the state and province. The charge of increasing tap water volume is free.
Other Policy:
For any newly established projects of the productive type with fixed-asset exceeding 2 million yuan, the administrative fees shall be waived; so will various types of fund of the municipal or county level for the first three year.

As for the preferential policies for the major investment projects, the policy of "Specific Discussion for Any Specific Issue" shall be carried out

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