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Preferrential
Policies Provided by Different Development Zones in Shenyang
Preferrential Policies Provided
by Tiexi New Area
Preferential Policies formulated
to encourage and support the rapid development of enterprises
entering the Area by the Shenyang Economic & Technological
Development Area (Tiexi Industrial Belt Key Industry Area)
Article 1. The following
preferential policies are formulated to encourage and support
the rapid development of enterprises entering the Area.
Article 2. The administration
committee of Shenyang Economic & Technological Development
Area establishes Technical Innovation Fund for Medium &
Small Sci-tech Enterprises and Enterprise Development Fund,
which are designed to support the industrialization projects
of new and hi-tech accomplishment, projects of large scale,
projects involving advanced technology and projects
that give an impetus to the development of the Area and
the development of the enterprises.
Article 3. Productive-type
foreign-invested enterprises will enjoy a reduced tax
rate of 15% on enterprise income. Productive enterprises
scheduled to operate for a period of over 10 years will,
upon approval, be exempt from enterprise income tax
for the first and second profit-making year, and will be
subject to a 50% reduction of enterprise income tax
from the third through the fifth year. Income of the investor
of foreign-invested enterprises from reinvestment projects
beyond the original contract shall be calculated separately
and shall be favored with the policy of exemption for two
years and reduction for three years, brginning from
the year. For execution, reference shall be made of the
No.56 document of CS (2002) issued by the Ministry of finance
and State Taxation Administration.
Article 4. Export-oriented
enterprises on expiration of the exemption and reduction
of the income tax stipulated, will enjoy a reduced
enterprise income taw rate of 10% if their export value
exceeds 70% of their total annual output value. Technologically
advanced enterprises on expiration of the exemption
and reduction, will further enjoy a reduced enterprise
income tax rate of 10% for three years if they remain to
be technologically advanced enterprise.
Article 5. Foreign investors
who reinvest their profits earned from their enterprises
in the same or other enterprises in the development area
for a scheduled operation period of over 5 years will, upon
approval, be refunded with 40% of the income tax paid on
the reinvestment amount. Those who reinvest their profit
in export-oriented or technologically advanced enterprises
for a scheduled operation period of responding standard
in 1-3 fiscal years if they make applications and get approval
by the administration committee of the Development
Area. Simultaneously the Development Area will give first
priority and support in terms of Infrastructure Development,
Environment and its Protection, Technical Transformation,
Research & Development and Innovation.
1. Projects with an
investment of more than USD5 million;
2. Key industrial
projects with total profit tax of 5 million yuan after enterprise
is put into operation up to the standard;
3. New and hi-tech
projects with an operation period of ten years and more;
4. Projects to be
relocated and renovated;
5. Special trade and
industrial projects;
6. Projects of famous
enterprises that will exert a significant influence upon
the development Area.
Article 10.If foreign-invested
enterprises buy unused domestic equipment with monetary
fund within its total investment, they can be refunded fully
with the value - added tax paid for purchase of the equipment;
If they buy domestic equipment within the total investment,
which is in conformity with the investment projects to be
encouraged in the Guide Catalogue for Foreign-invested Enterprises,
40% of the investment for purchase of domestic equipment
can be offset from the enterprise income tax newly added
in the current year for purchase over the previous year.
Article 11.The above preferential
policies shall be explained by the Bureau of Finance in
Shenyang economic & Technological Development Area.
Main Industries to be Encouraged
for Investment
Machinery industry:
Precision NC tool, precision
instrument, new & efficient general and special mechanical
equipment, precision moulds, mould standard parts,
insulation material of high temperature resistance,
special construction machines and new instrument components
and materials and the matching products for national key
projects Automobile industry:
Automobile manufacture,
automobile parts and the industries related with automobile
manufacture.
Electronic industry:
Optical fibre communication,
digital communication, new communication terminals
equipments and technology, large-scale integrated circuit
design and development, medium and large electronic computers,
super small computer and auxiliaries, development of
computer software, electronic testing instruments, new electronic
components series, optical & electric components series,
semi-conductor and optical electronic special material,
manufacture of new displays, electronic special equipment,
instrument, manufacture of industrial moulds, manufacture
of digital cross connection equipment and manufacture
of digital communication multimedia system equipment manufacture.
Pharmaceutical industry:
Efficient antibiotics, vitamins,
preparation of high efficient and long action medicines;
amino acid sort, new anti-cancer medicines and cerebrepvasscular
medicines, new medicines produced with biological engineering
technology, precision equipment of electronic diagnostic
and medical.
New building material industry:
New building materials, new wall body material, decorative
material, new plastic-steel doors and windows, pipe substitute
material and products, new waterproof material and
new insulation material. Petrochemical industry: New
and efficient additive, cataclysm, new chemical synthetic
material and chemical products using advanced technology.
. Foodstuff industry:
Various kinds of food produced
with new and hi-tech, deep processed products of agriculture,
drinks and relevant products, green food and environment
food projects. Infrastructure projects: Sewage treatment,
treatment of industrial and domestic garbage, traffic, water
supply and energy.
New industry:
Microelectronic technology,
new materials, biobogical engineering technology, information
communication system network technology, isotope, radiation
laser technology, energy-saving development technology,
source regeneration and comprehensive utility technology,
environmental pollution treatment engineering and monitoring
and treatment technology.
Tertiary industry:
Research and development
center, finance, bank, insurance, catering service, commerce,
foreign trade, intermediaries, advertisement, supermarket,
logistic distribution, real estate, apartment, villa, school,
hospital, health, recreation and tourism.
Tax and Fees
1. Value-add Tax (VAT)
VAT is levies according
to three categories; the basic rate is 17%; the lower rate
is 13%; zero tax rate is applicable to export of goods and
the rate for sales of small - scale taxpayers and taxable
services is 4% for commercial enterprises, 6% for industrial
enterprises.
2. Business Tax
Please refer to Tax Items
and Tax Rate Table of Business Tax.
3. Enterprise income
tax
The rate of enterprises
in productive nature with foreign investment is 15%. The
rate of local income tax is 3% of taxable.
4. Individual income
tax
Please refer to Tax Rate
Table of Individual Income Tax (Applicable to income
from wages and salaries)
5. Land - using tax
Any unit and person, who
own land - using right, should pay at an annual rate of
RMB2 yuan per square meter.
Land Transfer Fee Standard
1.
Land for industry, price
of land transfer for
Tax Items and Tax Rate Table of Business
Tax
|
Tax Items |
Collection scope |
Tax Rate |
|
1 Traffic and Transportation industry |
Land transportation, Water transportation,
air transportation , pipe transportation, load and
unload service |
3% |
|
2.Construction industry |
Construction, installation, maintenance,
decoration and other engineering task |
3% |
|
3.Finance and insurance industry |
|
5%-8% |
|
4.Post and telecommunication industry |
|
3% |
|
5.Cultural & physical education
industry |
|
3% |
|
6.Entertainment industry |
Music hall, ballroom, Karaok, music
teahouse, billiard golf, bowling and recreations. |
5%-20% |
|
7.Service industry |
Agent industry, catering services industry,
tourist industry, storage industry, leasing industry,
advertisement industry and other service industries. |
5% |
|
8.Transfer of intangible asserts |
Transferring land using right, patent
right, non-patented technology, trademark right, copyright,
commodity credit |
5% |
|
9.Sales of real property |
Sale of building and other land collateral |
5% |
Tax Rate Table of Individual Income Tax (Applicable
to income from wages and salaries)
|
Grade |
Monthly taxable |
Tax rate (%) |
Deduction quick ealcelation |
|
1 |
Income of 500 yuan or less |
5 |
0 |
|
2 |
That part of income in excess of 500
to 2,000 yuan |
10 |
25 |
|
3 |
That part of income in excess of 2,000
to 5,000 yuan |
15 |
125 |
|
4 |
That part of income in excess of 5,000
to 2,0000 yuan |
20 |
375 |
|
5 |
That part of income in excess of 20,000
to 40,000 yuan |
25 |
1375 |
|
6 |
That part of income in excess of 40,000
to 60,000 yuan |
30 |
3375 |
|
7 |
That part of income in excess of 60,000
to 80,000 yuan |
35 |
6375 |
|
8 |
|
40 |
10375 |
|
9 |
That part of income in excess of 80,000
to 100,000 yuan |
45 |
15375 |
Note: The monthly taxable income listed in
the table is the balance after foreign personnel's monthly
income minus 4,000 yuan, and after Chinese residents' monthly
income minus 800 yuan and 100 yuan various allowances on
a quota basis.
Payment standard for Main Items of Infrastructure
|
Item |
Category |
Price rate |
Remarks |
|
Water supply and drainage |
Expense for capacity increased |
Production and operation |
500 yuan /m3 |
Lump sum is carried out according to
daily amount of water consumption |
|
|
Water fee |
Resident |
0.50 yuan /m3 |
Calculated acc.to meter |
|
|
|
Administration & Enterprise |
0.60 yuan /m3 |
Calculated acc.to meter |
|
|
|
Industry |
0.70 yuan /m3 |
Calculated acc.to meter |
|
|
|
Business operation |
1.00 yuan /m3 |
Calculated acc.to meter |
|
|
|
Construction |
1.00 yuan /m3 |
Calculated acc.to meter |
|
Heating |
Expense for capacity increased steam
220T |
Steam |
150,000 yuan/T |
Pay only one time acc.to consumption
of average per hour |
|
|
|
Water heating |
50 yuan /m3 |
Pay only one time by calculation based
on building area |
|
|
Steam fee |
115 yuan/T |
Calculated acc.to meter |
|
|
Heating fee |
25.41 yuan/m2,year |
Pay acc.to building area |
|
Gas |
Expense for capacity increased 200,00
m3 |
Resident |
1600 yuan/per household |
|
|
|
|
Production business |
500 yuan /m3,day |
|
|
|
Civil |
Manual gas |
1.20 yuan /m3 |
Calculated acc.to meter |
|
|
|
Natural gas |
2.40 yuan An3 |
Calculated acc.to meter |
|
|
Industry |
Manual gas |
1.50 yuan /m3 |
Calculated acc.to meter |
|
|
|
Natural gas |
3.00 yuan /m3 |
Calculated acc.to meter |
|
|
Organs, school, administrative enterprises
and living |
Manual gas |
1.40 yuan /m3 |
Calculated acc.to meter |
|
|
|
Natural gas |
2.80 yuan /m3 |
Calculated acc.to meter |
|
|
Catering and service |
Manual gas |
|
Calculated acc.to meter |
|
|
|
Natural gas |
|
Calculated acc.to meter |
|
Telecom. |
40,000 sets |
Initial fee |
300 yuan/set exclusive of phoneset |
|
|
Power |
Basic fee of power |
Electricity price for large industry |
15yuan/KVA/M |
|
|
|
Electricity price |
Electricity price for large industry |
0.338-0.398 yuan /KWH |
|
|
|
|
10KV |
0.339-0.749 yuan /KWH |
|
|
|
|
<1KV |
0.339-0.749 yuan /KWH |
|
|
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No allowance for red line and within
or equal 200m to electric network, allowance of 50%
for the portion in excess of 200m extension will be
paid by management committee. |
50 years is USD25/m2.
2. Land for business,
price of land transfer for 40 years is USD40/m2.
3. Land for residence
and other projects, price of land transfer for 50 years
is USD60/m2.
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