Preferential Policies For Investment
 

1. For newly registered investment projects with fixed assets over 10 million or above (including fund adding or production enlargement or requested to move under the city development plan, excluding moving within the city or closing the old to open the new projects. Same with hereinafter referred), within 5 years from the tax day, the enterprise shall be granted from the Sci-tech Development Special Fund on the amount equals 100% retained ratal by local revenue on the added ratal (income tax, VAT and operation tax levied on the enterprise) by the previous year for the first two years, and 50% for the next three years, as technology development subsidy for the enterprise to support its growth.

2. New and hi-tech enterprises (certified by sci-tech authority of at least provincial level), within 5 years from the tax day, shall be granted from the Sci-tech Development Special Fund on the amount equals to 100% retained ratal by local revenue on income tax, VAT and operation tax levied, as technology development subsidy for the enterprise to support its growth.

3. The existing enterprises with business volume over 5 million shall be granted within 5 years from the Sci-tech Development Special Fund on the amount equals to 50% of retained amount by local revenue on the ratal (income tax, VAT and yearly added ratal of operation tax levied), as technology development subsidy for the enterprise to support its growth.

4. For new and hi-tech enterprises certified by province or the state, and those industry projects with more than 20 million investment, its due management fee for land taking and plantation assart fee shall be levied by half; In addition, the municipal finance shall appropriate for special subsidy for environmental protection for the enterprise from the Sci-tech Development Special Fund an amount equals to 50% of the retained ratal of plantation tax by local revenue, to support its growth.