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Preferential Treatment In Tax |
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1.The foreign investment enterprise registered under Lanzhou's
jurisdiction shall be levied enterprise income tax of 24 percent.
For the foreign investment enterprise detemined as New & Advanced
Technique enterprise,the enterprise income tax shall be 15 percent. |
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2.For the new productive foreign investement enterprise with operatiog
period of over 10 years, it shall be exempt from enterprise income
tax in year 1 and year 2 when it begins to gain profits.In year
3, the enterprise income tax shall be reduced a half.The enterprise
income tax paid by the enterprise in year 3 shall be wholly refund
to the enterprise by local finance department.In year 6 to year
8,the enterprise shall be levied enterprise income tax of 15 percent.
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| For
these foreign investment enterprises with operation period of
over 10 years which engage in the encouraged fields of our city
including new & advanced technique enterprise, product-exported
enterprise,development and construction of urban infrastruction,social
public welfare, agriculture comprehensive development,exvironment
harness and afforest engineer,environment technology and its products
development and so on,the enterprise income tax shall be levied
by tax department in advance,afterwards,it shall be wholly refund
to the enterprise by local finance department within the limit
of 8 years.2.40 percent of the paid income tax for re-investment
shall be refund to the foreign investor upon approval on condition
that the foreign investor re-invest his (her )profits from the
enterprise to add his (her )stock or run a new enterprise with
these profits and its operation period is not less than 5 years.
For new or extending product-exported enterprise and hi-tech enterprise
with operation period of not less 5 years ,the whole enterprise
income tax paid by the enterprise for reinvestment shall be refund
to the enterprise by local finance department. |
| 3.
The income of foreign joint venturer from foreign investment enterprise
including dividends,intereste and bonus shall be exempt from the
personal income tax. |
| 4.Productive
foreign investment enterprise shall be exempt from the house property
tax in 5 years. the other foreign investment enterprises will
be done that in 3 years. |
| 5.Foreign
investment enterprise shall be exempt from the vehicles and boats
licence use tax except that it engages in transportation. |
| 6.For
the foreign investment enterprise which engages in mineral prospecting
and exploting ,parts of the resource tax which are paid to local
tax department by the enterprise according to national telative
law shall be refund to the enterprise. |
| 7.The
imported raw materals ,components,fuel,spare parts and fitting
and packing materials on purpose to preform the product-exported
contract shall enjoy the preference of bonded goods.Lanzhou customs
shall exempt from the customs import duties and value--adding
duties in accordance with the amount of the actural imported goods. |
| 8.For
technology transformation of the foreign investment enterprise
which engages in encouraged industries and 2nd restricted industries,product-exported
enterprise and hi-tech enterprise as well as foreign investment
research & development centre,the impored equipment for self-use
and its necessary technology, fittings and spare parts purchased
with the enterprise's self-fund beyond its total investment,which
don't be produced in China or its properties don't meet the needs
of production, shall be exempt from the import costoms duties
and import link duties within the former registered production
and running scope. |
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For research & development centre set up by foreign investment,
the imported equipment for self-use and its necessary technology,
fittings and spare parts ,which are not produced in China and
don't meet the needs of production, shall be exempt from the import
customs duties and import link duties within the amount of its
total investment. |
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For these items according with the catalogue of superior industries
and projects of Lanzhou city for foreign investment utilization,
the imported equipment for self-use and its necessary technology,
fittings and spare parts purchased with the enterpricse' self
- fund which don't be produced in China or its properties don't
meet the needs of production shall be exempt from import sustons
duties and import link duties within or beyond the total investment. |
