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Policy for Land-purchase Admission Projects

(1)   Land Supply Policy

The development zone supplies state-owned industrial land with water, electricity, road, communication, gas and land formation in the method of transfer. Land-transferal shall be implemented by inviting bids, auctioning or putting up signs. Land prices are in accordance with the lowest price standard of industrial land transferal stipulated by the nation, that is, 96,000 yuan per mu. Certificates for the Use of State-owned Land shall be issued after the enterprise has made a full payment for the land according to the land-transferal contract.

(2)   Supportive Measures

A.    Entrusted Loan Support

When construction begins for the main building of the factory, the enterprise can make an application and the administration committee of the development zone shall entrust the bank in stages to give loan support according to the following standards:

(a)   General industrial projects of non-leading industry have no entrusted loan support.

(b)   Key industrial projects of non-leading industry and general industrial projects of leading industry have a credit limit of 56,000 yuan per mu.

(c)   Key industrial projects of leading industry have a credit limit of 56,000 yuan per mu or above.

(d)   Special key industrial projects shall be considered case by case.

B.    Production Subsidies

If the enterprise completes construction and goes into operation according to the investment and implementation scheduling requirements stipulated in the Admission Contract and achieves the following reward standards in one of five years, the administration committee of the development zone shall give the enterprise financial support on enterprise development, technical renovation subsidies, scientific research development and loan interest subsidies in consideration of the nature of the admission project, the investment scale of fixed assets and tax payment ability. Supporting standards are as follows:

General industrial projects of non-leading industry:

The reward for those with an annual average tax per mu of 40,000 to 50,000 yuan (including 40,000 yuan) is limited to 10,000 yuan per mu;

The reward for those with an annual average tax per mu of 50,000 to 60,000 yuan (including 50,000 yuan) is limited to 20,000 yuan per mu;

The reward for those with an annual average tax per mu of 60,000 to 70,000 yuan (including 60,000 yuan) is limited to 30,000 yuan per mu;

The reward for those with anannual average tax per mu of 70,000 to 80,000 yuan (including 70,000 yuan) is limited to 40,000 yuan per mu;

The reward for those with an annual average tax per mu of 80,000 to 90,000 yuan (including 80,000 yuan) is limited to 50,000 yuan per mu;

The reward for those with an annual average tax per mu of 90,000 to 100,000 yuan (including 90,000 yuan) is limited to 60,000 yuan per mu;

The reward for those with an annual average tax per mu of 100,000 to 110,000 yuan (including 100,000 yuan) is limited to 70,000 yuan per mu;

The reward for those with an annual average tax per mu of 110,000 to 130,000 yuan (including 110,000 yuan) is limited to 80,000 yuan per mu;

The reward for those with an annual average tax per mu of 130,000 or above (including 130,000 yuan) is limited to 96,000 yuan per mu.

General industrial projects and key industrial projects of leading industry:

The reward for those with an annual average tax per mu of 60,000 to 80,000 yuan (including 60,000 yuan) is limited to 10,000 yuan per mu;

The reward for those with an annual average tax per mu of 80,000 to 100,000 yuan (including 80,000 yuan) is limited to 20,000 yuan per mu;

The reward for those with an annual average tax per mu of 100,000 to 130,000 yuan (including 100,000 yuan) is limited to 30,000 yuan per mu;

The reward for those with an annual average tax per mu of 130,000 or above (including 130,000 yuan) is limited to 40,000 yuan per mu.

C.    Industrial Enterprise Benefit Bonus

Enterprises that pay annual taxes of over 50,000 yuan per mu within five years from the day of completion and going into operation stipulated in the Admission Contract, shall be rewarded with 50% of the enterprise income tax they paid and the total local retained amount of added-value tax by the financial department of the development zone.

D.    Land Utilization Benefit Bonus

(a)   An excess industrial building plot ratio of the enterprise above the state-specified standard shall be converted into land area and the enterprise shall be rewarded with 70% of the total amount calculated on the minimum transfer price of industrial land (ie 96,000 yuan per mu).

(b)   Industrial enterprises under construction that meet the requirements of the Admission Contract and pay an annual average tax of over 50,000 yuan or meet the requirements of implementation scheduling, shall be rewarded with 50% of the urban land utilization tax they paid by the financial department of the development zone.

Industrial enterprises that meet the requirements of the Admission Contract and pay an annual average tax of over 30,000 yuan shall be rewarded with 25% of the urban land utilization tax they paid by the financial department of the development zone.

E.    Rewards for Foreign-invested Enterprises and Foreign Export Enterprises

(a)   Industrial and commercial registration fees of foreign-invested enterprises shall be rewarded by the standard of 0.05 yuan per dollar. The reward is no more than 50% of actual industrial and commercial registration fees.

(b)   Within five years from the day of completion and going into operation as stipulated in the Admission Contract, foreign-invested industrial enterprises with annual taxes of over 50,000 yuan per mu shall be rewarded with 100% of the total local retained amount of enterprise income tax they paid in the first two years and 50% of the total local retained amount of enterprise income tax they paid in subsequent three years; other rewards and standards are the same as those of inner financed projects.

(c)   Industrial enterprises engaging in exports on their own in the zone shall be rewarded by the standard of export delivery value of 0.028 yuan per dollar. For the next year and beyond, those who have achieved over 2 million dollars of self-managed exports in the previous year and grow by over 50% each year shall be rewarded by the standard of export delivery value of 0.038 yuan per dollar.

F.    Fee Remissions

Apart from those turned over to the central government, provincial government and municipal government, all administrative business fees of admitted industrial projects shall be exempt.

 


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