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National preferential policies for investment

By | nxiang.net| Updated:  May 25,2021 L M S
  1. For high-tech enterprises in high-tech industrial development zones approved by the State Council, the income tax shall be levied at a reduced rate of 15%. The new high-tech enterprises are exempt from income tax for two years since the production yea. Details are as follows:
 
(1) For enterprises in high-tech industrial development zones approved by the State Council, which are confirmed as new high-tech enterprises by the relevant departments, income tax shall be levied at a reduced rate of 15%;
 
(2) For new high-tech enterprises in high-tech industrial development zones approved by the State Council, tax income shall be exempted for two years since the production year.   
 
  1. For the income from technology transfer and relevant technical consultation, services and training in the process of technology transfer, enterprises and institutions shall be temporarily exempted from paying income tax if their annual net income is less than 300,000 yuan. For the part exceeding 300,000 yuan, income tax shall be paid in accordance with the law.
 
  1. From June 24, 2000 to the end of 2010, for the general VAT taxpayers who sell software products developed and produced by themselves will be levied at the statutory rate of 17%, and the part of the actual VAT burden exceeding 3% will be paid back after the income tax has been levied. The tax refunds used by enterprises for research and development of software products and expanded reproduction shall not be regarded as taxable income and no income tax shall be levied.
 
  1. From January 1 to the end of 2010, for the general VAT taxpayers who sell their own integrated circuit products (including monocrystalline silicon wafers) will be levied at the statutory rate of 17%, and the part of the actual VAT burden exceeding 3% will be paid back after the income tax has been levied. The tax refunds will be used by enterprises to expand reproduction and for research and development of integrated circuit products.
 
  1. For the new software production enterprises (established after July 1, 2000), which are also newly established in high-tech industrial development zones approved by the State Council can enjoy the preferential tax reduction and exemption for new software production enterprises. During the tax reduction period, the enterprise income tax shall be calculated and levied at the rate of 15% by half; After the tax deduction or exemption period, the enterprise income tax shall be levied at the rate of 15%.
 
  1. According to the Income Tax of the People's Republic of China for Enterprises with Foreign Investment & Foreign Enterprises, any enterprise with foreign investment of a production nature scheduled to operate for a period of not less than ten years shall, from the year when it makes profit, can be exempted from income tax in the first and second years and allowed a fifty percent reduction in the third to fifth years. However, the exemption from or reduction of income tax on enterprises with foreign investment engaged in the exploitation of resources such as petroleum, natural gas, rare metals, and precious metals shall be regulated separately by the State Council. Enterprises with foreign investment which have actually operated for a period of less than ten years shall repay the amount of income tax exempted or reduced already.
 
  1. Any enterprise with foreign investment established in high-tech industrial development zones approved by the State Council and recognized as high-tech enterprises shall pay enterprise income tax at a reduced rate of 15% from the year when it is identified as a high-tech or new technology enterprise. Any enterprise with foreign investment of a production nature scheduled to operate for a period of not less than ten years shall, from the year it makes profit, be exempted from income tax in the first and second years and allowed a 50% reduction in the second to fifth years.  
 
  1. For the self-use equipment and the technical and accessory kits and spare parts imported by enterprises (including foreign-invested enterprises and foreign enterprises) for the production of products of the National Catalogue of High-tech Products, except for the commodities listed in the Catalogue of Imported Goods Not Subject To Tax Exemption for Domestic Investment Projects as stipulated in No.37 Document, be exempted from tariff and import added-value tax.