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Preferential Policies
Tax Policy

1.Value-added Tax (VAT)

(1)For new municipal-above hi-tech projects and products, besides enjoying the related preferential policies of the State and the province, 50% of the portion of the paid value-added taxes retained by the county or towns government shall be refunded as reward within a period of five years from their going into production.

(2)For any newly established projects of the production type, if the invoiced annual sales reach RMB 5 million yuan, 50% of the portion of the paid value-added taxes retained by the county or towns government shall be refunded as reward within a period of five years.

(3)For any enterprises, after the expiry of the period of enjoying the preferential policy, if the enterprise continues to increase capital or enlarge stock share and the increased fixed assets reaches RMB 5 million yuan or above, of the portion of the value-added taxes paid by the said enterprise exceeding the previous year, 50% of the increased portion retained by the county or towns governmental shall be continuously refunded as reward within a period of five years.

2.Corporate Income Tax (CIT)

(1)For a newly established manufacturing enterprise, 100% of the Corporate Income Tax retained by the county or towns governmental shall be refunded as reward in the first two profit-making years and 50% in the following three years.

(2)After the expiry of the period of enjoying the preferential policy, if the enterprise continues to increase capital or enlarge stock share and the increased fixed assets reaches RMB 5 million Yuan or above, based on the previous CIT number from the year before increasing capital or enlarging stock share, 100% of the Corporate Income Tax retained by the county or towns governmental shall be refunded as reward in the first two profit-making years and 50% in the following three year.

 
Land Use Policy

1.If the project is in compliance with the State's industrial policy, the regulation for investment intensity and production intensity, priority and a preferential price on land will be given.

2.The procedures on land transfer must be completed under the relevant regulations issued by the State. For important projects, the procedure will be completed according to the 襫on-stop drive?principle; for super projects, land will be planned supplied.

 
Stipulated Fees

For any newly established projects of the production type whose fixed-asset investment exceeding RMB 5 million yuan, the administrative stipulated fees shall be waived; and various types of funds of the municipal or county level shall be waived for the first three years.

 
Talents Policy

1.For industrial and architecture enterprises who are awarded the programme of bringing in talents, undergraduates, graduates with a master's degree and graduates with a doctor's degree who sign an above 5-year contract with the enterprises (the same in 2, 3, and 4) shall be given degree subsidy of 300 yuan, 500 yuan and 1000yuan per person per month respectively.

2.The bring-in science and technology talents shall be given house subsidy of 150 yuan per person per month in the period of 5 years.

3.The bring-in special talents of high level who have the degree higher than master shall be given 20,000 yuan selltlement subsidy one-off.

4.The talents who have worked in the enterprises for 4 years with excellent performance are allowed to apply for purchasing university students' department when signing the next 4-year contract with the enterprises and if approved by the county government after examination from the departments such as the Personnel Bureau, the Science and Technology Bureau, shall enjoy the preferential price that is 50% of the market price on the stipulated area of the house.

5.The bring-in senior engineers and technicians with the annual salary of above 10,000 yuan (not including income from personal capital investment) shall be rewarded 50% of the locally retained individual income tax.

 
 

 

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