沈阳市招商引资优惠政策汇编英文.docx

1、沈阳市招商引资优惠政策汇编英文Compilation of Preferential Policies for Investment Production In ShenyangI. Preferential Taxation policies Stipulated by the State(I) Preferential Policies for Foreign-invested Enterprise and Foreign Enterprise Income Taxes1. Those foreign-invested productive enterprises established

2、in the Economic and Technological Development Zone shall pay the income tax at 15 percent.2. Those foreign-invested productive enterprises established in the old urban district of the city where the Economic and Technological Development Zone is located should pay the income tax at 24 percent.3. Tho

3、se foreign-invested enterprises established in the old urban district of the city where the Economic and Technological Development Zone is located, which belong to energy, communications, port, wharf or other projects encouraged by the state may pay the income tax at 15 percent.4. A foreign-invested

4、 productive enterprise scheduled to operate for a period of 10 years or more shall be exempt from income tax in the first and second profit-making year and allowed a 50 percent reduction of income tax in the third to fifth years, however, the petroleum, natural gas, ore metal and precious metal reso

5、urces exploration project shall follow the provisions stipulated separately by the State Council. A foreign-invested enterprise, which operated for less than ten years actually, should pay back the income tax exempted and reduced.5. For foreign-invested industries and projects that are encouraged by

6、 the state, the municipal and district peoples governments can decide exemption or reduction of local income r tax in line with actual conditions.6. If the foreign-investors of foreign-invested enterprises use the profits earned by the enterprises to directly reinvest in the said enterprises, to inc

7、rease the registered capital or use the said profits as investment capital to set up other foreign-invested enterprises, and have operated such an enterprise for no less than five years, they will receive a rebate amounting to 40% of their duly paid income tax after they file an application and get

8、approval by the taxation authorities. In case the state council has formulated other preferential provisions, the same shall be applied. Those that have withdrawn the reinvestment in less than five years shall pay back the tax refunded.7. Losses incurred by foreign-invested enterprises and foreign e

9、nterprises involved in production and operation with organizations and branches in the Chinese territory in a tax year may be carried over to the next year and made up with a matching amount drawn from that years income; should the income in the subsequent tax year be insufficient to make up for the

10、 said loses, the balance may be made up with further deductions against income year by year over a period not exceeding 5 years.8. Foreign investors who earn profits from foreign-invested enterprises shall be exempt from the income tax.9. International financial institutions that gain interest from

11、loans granted to the Chinese government and Chinese national bank shall be exempt from the income tax.10. Foreign banks that gain interest from loans granted to Chinese national bank at prime interest rate shall be exempt from the income tax.11. In terms of royalties gained by providing know-how for

12、 scientific research development of energy, transportation, farming, forestry, animal husbandry and other major technology, the income tax can be paid at 10 per cent upon the approval of competent taxation department under the state council.(II) Preferential Policies for Income Taxes in the Old Nort

13、heast Industries Bases 1. Increase of depreciation rate of fixed assetsThe depreciation life of fixed assets (excluding house and building) in industrial enterprises in Northeast China can be shortened at a rate of not more than 40% on the basis of current duration.2. Reduction of amortization perio

14、d of intangible assets. The amortization period of intangible assets received or invested in industrial enterprises in Northeast China can be reduced at a rate of not more than 40% on the basis of current duration. However if the service life of intangible assets is specified in the agreement or con

15、tract, they shall be amortized as agreed to.3. Increase of before-tax deduction standard for taxable wages.The before-tax deduction standard for taxable wages in enterprises of Northeast China will be raised to 1200 yuan for each person per month. Specific deduction standard shall be determined by t

16、he provincial governments within the above quota in light of local average wages. Enterprises can withhold the tax from the wages to be paid within the standard stipulated by the provincial government.(III) Preferential Policies for Conversion of VAT in Northeast China1. Specific Lines of business f

17、or deduction of VAT(1) Equipment manufacturing covers general-purpose equipment manufacturing, special equipment manufacturing, electric machinery and appliance manufacturing, instruments and meters and stationery manufacturing, communication equipment, computer and other electronic equipment manufa

18、cturing, aircraft and space craft manufacturing, railway transport equipment manufacturing.(2) Petrochemical industry covers petroleum processing, coking and nuclear fuel processing, chemical raw materials and chemical products manufacturing, chemical fiber manufacturing, pharmacy, rubber and plasti

19、c products other than coke processing.(3) Metallurgy covers ferrous metal metallurgy and calendaring processing industry other than electrolytic aluminum manufacturing and iron and steel producers of less than 2 million t/a plain steel, 500,000t/a special steel and 100,000t/a iron alloy.(4) Ship-bui

20、lding industry covers ship and floating attachment manufacturing.(5) Auto manufacturing.(6) Farm produce processing covers farm and sideline food processing, food production, beverage production, textile, clothing, shoe making and head wear making, leather, fur, feather (eider down) and their produc

21、ts, timber processing and wood, bamboo, cane, palm fiber, straw products, furniture making, paper-making and paper products, handicrafts and other manufacturing industry.2. Projects whose taxable amount for procurement items is allowed to be deducted:(1) Purchase (including acceptance of donations a

22、nd investment in kind0 of fixed assets;(2) Purchase of goods used for self-made (including reconstruction, expansion and installation) fixed assets or taxable labor service;(3) Fixed assets obtained by way of financial, where the less or shall pay VAT according to the “Notification of the State Taxa

23、tion Administration Concerning Collection of Turnover Tax on Financial leasing Business”;(4) Transport charge paid for fixed assetsThe taxable amount for procurement items above refers to the amount the tax payer incurred from July 1st, 2004, who obtained the special VAT invoice and transport invoic

24、e issued after July 1st, 2004 as well as legal tax withheld certificate for customs import VAT payment memo.3. The fixed assets described above refer to(1) Machine, machinery, means of conveyance as well as other equipment, tool and appliance related to production and operation with a term of servic

25、e exceeding one year;(2) Articles not belonging to main production and operation equipment with a unit value of over 2000 yuan and a service life more than two years;(3) Real property purchased and made by the taxpayer is beyond deduction scope.II. Preferential Policies for “Industrial Year” in Shen

26、yang1. Financial support: Municipal and district finance departments will raise 2 billion yuan of industrial development funds to support the cultivation of 20 ten-billion enterprises, construction of 20 industrial groups and introduction of 20 foreign-invested projects with an output value surpassi

27、ng ten billion yuan. Priority shall be given to the backbone enterprises and projects, especially those whose 2007 output value will exceed three billion yuan, which have been included in the “Shenyangs Program for Key Industrial Projects from 2005 to 2010”.2. Land support: According to the requirem

28、ent for land use for industrial projects in the city, land acquisition of 5 or 10 sq km will be guaranteed. Industrial land acquisition of 3-5 sq km shall be granted to Dadong and Shenhe District respectively.3. Soft environment support: Various departments of the municipal government are required t

29、o go on with adjusting working mode, improving working method and providing efficient best service in the negotiation, examination and approval as well as resource utilization in line with international practices while offering public products and services and enhancing infrastructure construction.I

30、II. Preferential Policies of Key Districts and Counties in Shenyang(I) Preferential Policies of Zhangshi Economic and Technological Development ZoneArticle 1 The following preferential policies are formulated with a view to encouraging and supporting the rapid development of enterprises entering our

31、 zone.Article 2 The administrative committee of Shenyang Economic Innovation Fund for sci-tech SME” and “Enterprise Development Fund” to support industrialization projects of new and hi-tech results, projects with large investment, high technological content and great impetus to the development of t

32、he zone as well as the growth of enterprises.Article 3 A foreign-invested productive enterprise shall pay the income tax at 15 per cent. Those scheduled to operate for a period of 10 years or more shall be exempt from income tax in the first and second profit-making year and allowed a 50 percent red

33、uction of income tax in the third to fifth years upon approval. The profits earned by the foreign investors of foreign-invested enterprises from additional investment projects other than the original contract can be calculated separately and shall enjoy the preferential policy of exemption for two ye