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FAVORABLE POLICY ON REVENUE
Income tax:
For the productive projects above 3 million USD invested by foreign
businessmen, the policy of Five Reducing & Five Halving will
be carried out from year of marking profit; for the productive projects
of 1 million to 3 million USD, the policy of Four Reducing &
Four Halving will be carry out from the year of maring profit; for
the agricultural projects invested by foreign businessmen, the policy
of Five Reducing & Five Halving will be carried out from the
year of marking profit; and for the service projects by foreign
by foreign businessmen, the policy of Two Redducing & Three
Halving will be carried out form the year of marking profit.
Value-added tax:
For the productive projects above 3 million USD invested by foreign
businessmen, 2/1 of the local-retained tax will be retuyn back in
three years; for the productive projects of 1 million to 3 million
USD invested by foreign businessmen, 2/1 of the local-retained tax
will be return back in two years.
Business tax:
For the service projects invested by foreign businessmen, 2/1 of
the local-retained tax will be return back in three years.
Secial gricultural product tax:
For the agricultural projects invested by foreign businessmen, the
policy of Two Reducing & Three Halving will be carried out.
FAVORABLE POLICY ON STIPULATED COST
For all the enterprises invested by foreign businessmen, the costs
of bacic facilites construction in towns, water network constrction
cost and the lwvwl difference cost of land expropriation will be
free;and the local retained costs of program administration cost,
land expropriation administration cot and plantation occupying cost
will be halived; the land-using cost will be free for ten years;
and for the agricultural projects invested and developed on the
state-owned Four Badland, the land price will be halved.
For all the major projects above 3 million USD invested by foreign
businessmes, more favorable policies will be given according to
the conditions in detail.
BONUS OF PROJECT INTRODUCER
For the medium people who introduce in joint-venture and cooperative
projects, the bonus of 5¡ë-10¡ë to the actual investment will be awarded
to them. and the bonus rate is 8¡ë to 12¡ë to for the solely foreign-owned
enterprises.
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