5. After the project being put into production on the basis of digestion and absorption of technology introduced by the high-tech enterprise, whether or not the enterprise has enjoyed the preferences of deduction and exemption of tax before, the preferences shall be given to the enterprise for three years' exemption of income tax on the profit gained by the project after certification by relevant municipal department and approval by tax department.
6.As for the value added tax (VAT) of high-tech enterprises and high-tech projects, the local sharing portion of the newly added VAT shall be returned to the enterprise in the proportion of 50% based on last year's figure by municipal financial department within three years starting from 1998 (as for the newly certified high-tech enterprises and projects, the return of local sharing portion of the newly added VAT shall be started from the year it is certified).
7. For the products which are of state-level new product trial-manufacturing & appraisal plan or trial production plan, and for the inventive patent products firstly produced by a company in our city, the municipal financial department will return 100% of the income tax for the newly added profit of the products and will return 50% of the local sharing portion of the newly added VAT within three years starting from the selling date of the products. For the products which are of provincial or municipal new product trial-manufacturing & appraisal plan or trial-production plan, and for the practical new-type patent products firstly produced by a company in our city, the municipal financial department will return 100% of the income tax for the newly added profit of the products and will return 50% of the local sharing portion of the newly added VAT within two years starting from the selling date of the products.
8. For the computer software which is developed by the enterprise registered in Shenzhen city and which is of domestic advanced level with great value of application and dissemination and which the annual sales volume is over 10 million RMB, the local sharing portion of the newly added VAT for the product shall be returned to the enterprise in the proportion of 80% by municipal financial department within three years after certification by municipal scientific & technical department.
9. The preference for return of VAT specified in Clauses 6,7 and 8 shall not be calculated repeatedly. For the enterprises that conform to several tax return conditions simultaneously, only one preference can be selected and enjoyed.
10. The high-tech enterprises can draw 3 % to 5% of selling amount of that year as R&D fees, in which, the proportion for the four products, i.e. integrated circuit, PLC switches, and software and computer can be reached up to 10%. If the R&D fees drawn have not been fully used that very year, the balance can be carried forward to the next year. The balance can be pre dawn but they must be fully used in the next year.
[1] [2] [3] [4] [5] [6]
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