Q: what preferential policies can an export-oriented enterprise and an advanced hi-tech enterprise enjoy?
A: a. Apart form the state provisions that they pay for or extract for insurance, welfare and accommodation allowance for the Chinese staff, export-oriented enterprises and advanced hi-tech enterprises are exempt for other subsidies the state give to employees
b. Export-oriented enterprises and advanced hi-tech enterprises are given priority in the supply of water, electric power, transportation and telecommunication required in business and charged at the same prices as with state enterprises
c. Export-oriented enterprises and advanced hi-tech enterprises which need in production and circulation short-term funds of other necessary loans shall be given priority once examined by the bank of china
d. The exported-oriented enterprises can still be exempt form local income tax after the period of local income tax exemption expires when the value of exports exceeds 70% of the year’s production value
e. Advanced hi-tech enterprises can still pay their enterprise income tax at a reduced rate of 50% for another 3 years after the period of enterprise income tax examination and reduction expire.
f. Those export-oriented enterprises & advanced hi-tech enterprises in special economic zones and in economic development zones and those already have been paying their enterprise income tax at a reduced rate 15% can have a 10% reduction if they fit in with the situation mentioned previously
g. “ two types of enterprises “ which obtain the land-using right by means of requisition of allocation. Can enjoy the preferential policies of land use fee exemption or reduction according to the land grade.
It should be explaining that the two types of enterprises mentioned above is not perpetual. According to MOFTEC, an acknowledged export-oriented enterprises will be examined by government authorities every year. If it is disqualified, its preferential for several times. Its verification certificate will be revoked.
8 contact us : Tel : 86-21-58402186 | Fax86-21-58369652
[1] [2] [3] [4]
