| ¡¡ Favorable Policies
Income tax
Income tax for hi-tech enterprises will be deducted and levied at the
rate of 15%. Income tax, according to relevant regulations, can be
deducted or exempted for foreign funded enterprises when they purchase
domestic made equipment within the total investment.
Income tax rebate for re-investment
Foreign investors who will invest again, not less than five-year
termination, with the profit from an existing enterprise, 40% of levied
income tax will be rebated for the re-investing capital.tal.
Income tax for profit remittance
No income tax will be levied when a foreign funded enterprise remits
their profit after taxation.ion.
Withholding income tax
Those foreigners, who have not set up any institute within the territory
of China, will pay income tax favorably at the rate of 10% for its
income on stock dividend, bank interests, rent income, franchising
charge or other income achieved, unless they can enjoy any tax deduction
or exemption according to relevant laws. ws. ws. ws.
Tariff exemption of equipment import
Nationally encouraged projects will enjoy exemption of tariff and
value-added tax occurred for the import of equipment. For the purpose of
technical innovation, existing foreign-funded enterprises,
foreign-funded R&D centers, foreign-funded technologically advanced
enterprises and export-oriented enterprises, within the original
approved business scope, can enjoy exemption of tariff and value-added
tax for import of self-used equipment, supporting technique, fittings,
and spare parts, upon that the above said equipment, supporting
technique, fittings, and spare parts can not be manufactured
domestically, or the domestic made ones can not satisfy its production.
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