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■ From January the first,2003 on ,foreign investors,who set up new enterprise in the town and operate it for over 10 years,provided they hold more than 25% shares and contribute an investment of more than 2 million USD,can enjoyfurther preferential treatment on the enterprise income tax.Besides enjoying the preferential policy of our country "Two-year exemption,half of the original tax
in the following 3 years",during the third year and the fifth year when they begin to earn profits,they only pay income tax to form extent part of the town finance and are given total reward.During the sixth year and the tenth year,50% of reward is given to the enterprises.
■ We encourage foreign businessmen to enlarge their shares (including purchasing Chinese shares).To those foreign-investment enterprises approved since September the first,1998 if the added capital amoutnt is over 2 million USD andthe investment proportion is higher than 50%,they can get total reward within two years.When the preferential period is over or during the period of half levy,and
after they have paid the yearly actual income tax minus the last year income tax to form extent part of the town finance.During the third and the fifth year 50% of the reward is given to the enterprises.
■ Foreign-investment enterprises can enjoy preferential policy on using land.They should pay not only the cost of the land but also 30%-50% bid for sale by the way of transferring the possession of the use right of the land.The land price will be lower to the prijects that contain large investment,high contents of science & technology and the strong driving of other industries.Foreign-investment enterprises can also get the use right of the land by renting ,they only pay yearly rent,but the rent is low. |