Preferential Policies in Rugao, Jiangsu

 

Land preferential
1. The land in the zone can be sold or leased.
2. The land for leasing can be priced according the specific condition of a project.
3. The land for production-type enterprise can be priced flexibly according to the investment scale, technology content and tax payment prediction, etc.
4. Administrative fee-collection preferential: Newly-established foreign-investment enterprise newly in the zone, the domestic enterprise with its investment of over 10,000,000,00 RMB Yuan for production equipment and the production-type enterprise with its industrial and commercial, tax affairs and statistics done in the zone will use Zero Fee - Collection system. It will not collect large transportation fund, anti-flood and safe-guard fund, agricultural-construction fund, public facility matching fee, land-requisite service fee, temporary-use land administrative fee, united-guard fee, etc.
Enterprise income tax
1. Newly-established foreign-investment production-type enterprise registered in and tax paid in the zone and the domestic enterprise with its investment of over 10,000,000,00 RMB Yuan for production equipment will pay only 24% of enterprise income tax; If an enterprise runs over 10 years, it will have the policy of Two Exemption Three Minus.
2. Export-type foreign investment enterprise which runs over 10 years will continuously pay only half of enterprise income tax after the expiration of tax preferential period if its that-year export value reaches over 70% of the enterprise product total output.
3. Technology-type foreign investment enterprise which runs over 10 years will be prolonged for three years in paying only half of enterprise income tax after the expiration of tax Preferential period if the enterprise is still an advanced technological enterprise.
4. The projects for long-term economic result recovery of over 15 years for energy, transportation and foundation facility, etc. will have the policy of Five Exemption Five Minus Half from the year of profit making.
5. If the profit made by foreign investment enterprise will be used for investing directly or adding its registration capital or if it runs over five years, or opening new foreign enterprise as capital investment into the enterprise, it will be returned 40% of its paid enterprise income tax.
6. If the profit is used for opening or enlarging product-export enterprise or advanced technical enterprise for operation period of over 5 years, it will be returned complete paid enterprise income tax for its reinvested part.
7. All production-type foreign enterprises with their industrial and commercial, tax affairs and statistics in the zone and the enterprise income tax of the domestic enterprise with its annual sales amount of over 20,000,000,00 RMB Yuan, and its annual tax payment amount of over 500,000,00 RMB Yuan, and on the basis of last year achievements, 50% of the newly-increased part of supporting the district financial retention.
Local income tax
Newly established foreign-investment enterprise registered in and tax-paid in the zone and the domestic enterprise with its investment of not less than 10,000,000,00 RMB Yuan for production equipment will have exempted in local income tax.
Value-added tax
1. The actual tax rate of value-added tax of the export-product of production type enterprise is zero.
2. The value-added tax paid by Newly-established foreign-investment enterprise registered in and tax-paid in the zone and the domestic enterprise with its investment of over 10,000,000.00 RMB Yuan for production equipment will be supported scientifically according to the following standard: The annual tax payment of 1 million to 3 million RMB Yuan, 20% of supporting the district financial retention. The annual tax payment of over 3 million RMB Yuan, 30% of supporting the district financial retention. All production-type foreign enterprises for production type with industrial and commercial, tax affairs and statistics done in the zone and the enterprise income tax of the domestic enterprise with its annual sales amount of over 20,000,000.00 RMB Yuan, and on the basis of last year achievements, 50% of the newly-increased part of supporting the district financial retention.
Fund-introduction encouragement and award
1. Project information award: If a information is given to the zone, and the project scale is over 3 million USD (except the heavy-pollution project ) and a cooperative proposal is reached with the zone, The person who provides the information firstly will get award of 500 to 1000 RBM Yuan.
2. Award for fund transferred into the account: According to the actual fund into the account, the award will be given to the fund-introduction person, and the standard: 1 million USD to 4.99 million USD, one percent will be awarded.

 

 

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