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¡¡¡¡Yuyao People's Government devotes much attention to the construction of the Mold
City, the establishing of the mold city has been placed the important project beyond the
centuries in Yuyao. In order to make the Mold City develop healthfully and orderly, Yuyao
People's Government has formulated a series preferential policy.
¡¡¡¡The enterprises with foreign investment located in the Mold City
can enjoy the following preferential policies:
The production enterprises with foreign investment for a period of
operation of more than ten years, after the expiration of the enterprises income tax
exempted for the first two years and paid at a 50% reduced rate from the third to the
fifth year, the amount which goes beyond 15% of the income tax or rate the one beyond 10%
after a 50% reduction will be returned altogether by the municipal financial organ. Any
product export enterprise, after the expiration of the period of reduction or exemption of
enterprise income tax (exempted for the first two years and paid at a 50% reduced rate
from the third to the fifth year), whose output value of export products in a year reaches
70% or more of the total output value of all the products of the enterprise, may continue
to pay enterprise income tax at a rate reduced by 59%. Any technologically advanced
enterprise, after the expiration of the period of reduction or exemption of enterprise
income tax (exempted for the first two years and paid at a 50% reduced rate form the third
to the fifth year), may extend three years for the payment of enterprise income tax at a
rate reduced by 50%. The local income tax may pay at a rate of 120% of enterprise income
tax.
Any enterprise with foreign investment which starts operation the
middle of a year, and makes profit in the operation period of less than six months, any
choose the next year as the first profit-making year when calculating the exemption and
reduction period of income tax, and shall pay income tax pursuant to provisions of law of
enterprise income tax for the profit made in that operation period.
Foreign investors who reinvest the profits after tax distributed to
them by their enterprise to the production enterprises in the mould city for a period of
operation of not less than five years, shall be refunded 40% of the total amount of
enterprise income tax already paid on the invested portion. If foreign investors reinvest
directly to the product export enterprises and technologically advanced enterprises for a
period of operation of not less than five years, they shall be refunded the total amount
of enterprise income tax already paid on the reinvested portion.
Annual loss incurred in an enterprise with foreign investment in a
tax year may be carried over to the next tax year, and made up with a matching amount
drawn from that year's income, should the income in the subsequent tax year be
insufficient to make up for the said loss, the balance may be made up with further
deductions from the income by the year over but not exceeding a period of five years.
The production enterprise with foreign-investment with a total
investment volume of more than USD 3 million and under USD 5million(put the investment on
schedule, finish the project on schedule and put into production), shall be refunded 10%
to total amount of increment tax already paid within two years from the date of selling.
The production enterprise with a total investment volume of more than USD 5 million shall
refunded 20%.
The enterprise with foreign-investment with a total investment value
of more than USD 10 million, may enjoy special preference after application to and
approval by the relevant authorities.
¡¡¡¡The mold-making enterprises which from out of Yuyao City into the
Mold City can enjoy the following preferential polices:
From the date of selling and after paid enterprise income tax as
specified. If the enterprise carries on a technical, renovation return the loan of fixed
assets, the amount that goes beyond 15% of enterprise income tax will be refunded.
The enterprise with the annual sales of more than RMB 5 million yuan,
shall be refunded the local reserved portion of the increment tax already paid according
to the sales grade classified by the municipal financial organ within three years form the
date of selling.
The direction adjustment tax for fixed assets investment can be paid
delayed in the range of 60% to 90%.
The mold-making enterprise with the investment out of Yuyao city (the
investment portion out of Yuyao city is more than 60%) with a total investment of RMB 5
million yuan or sales of RMB 20 million yuan, can enjoy preference in enterprise income
tax according to the method of defining base, increasing in proportion, refunding the
total amount of beyond portion.
The enterprise or institution out of Yuyao city cooperates with one
in Yuyao to newly establish mould-making enterprise for a period of operation of not less
than five years, the new enterprise can enjoy appropriate preference in the paid income
tax.
¡¡¡¡The enterprise from other place of Yuyao into the mold city:
the income tax amount of the newly built mold-making enterprise can
be refund totally in the first year and 50% reduced in the alter two years.
If the old enterprise carries on a technical renovation and extends
to run newly a mold-making project in the mold city, the municipal financial organ and the
local tax authority will define the base, the portion which goes beyond the base will be
regarded as a newly built enterprise to enjoy the preferential polices.
The newly built small-scale (private) mold enterprise should
establish standard accounting regulations, as specified, pay the tax after verified and
enjoy above mentioned preferential polices. The portion of the projects after tax of the
private enterprise which reinvest to increase the registered capital, will be exempted the
personal income tax.
The enterprises into the mold city which deal with high and new
technical field, can enjoy the preferential polices of high new technical field.
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Yuyao Municipal People's Government |
