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Preferential Policies in Jiangyin Economic Development Zone

Income tax

The productive foreign-investment enterprise in the development zone will be imposed by the corporate income tax according to 24% and tax rate. But about the skill-intensive, the project with intensive knowledge or the foreign investments can be after reporting to State Taxation Administration for approval in the chronic project the above-mentioned , recover the investment 30 million dollars, impose the corporate income tax according to 15% of the tax rates in sense. The Economic Development Zone also can help enterprises to go through formalities of declaring and examining and approving.

The investment enterprise of productive in the development zone is in above ten years will be exempted from the income tax in the first year and the second year since beginning for lucrative year and reduced by half and imposed the corporate income tax from the third year to the fifth year. In addition, it is still enterprise possessing advanced technology after the regulation is exempt from, reduced by half the corporate income tax to expire according to the tax law, can lengthen three years and is reduced by half and imposed the corporate income tax according to the tax rate that the tax law stipulate. But the development zone has already paid enterprises of the corporate income tax according to 15% of the tax rates, has imposed the corporate income tax according to 10% of the tax rates the lowest.

Export-oriented enterprise that the foreign investments ran, after exempt from, reducing or remitting corporate income tax not to expire according to whom tax law stipulate, all value of export product of those years reached more than 70% of output value of enterprise products in that year, can be reduced by half and imposed the corporate income tax according to the tax rate that the tax law stipulate. But the export enterprise that the development zone has already paid in the products of the corporate income tax according to 15% of the tax rates, ones that accord with above-mentioned conditions, will impose the corporate income tax according to 10% of the tax rates.

Foreign investor of foreign-investment enterprise will increase the registered capital, or run other foreign-investment enterprises as capital investment, no less than in operational period five years from profit that enterprise obtain in this enterprise directly. After applied by investors, the tax authority sanctions, it will return 40% tax reinvesting which already paying the income tax partly. If there is a favorable and fixed one besides in the State Council, handle in accordance with the State Council.

local administrative stipulation fee

Exempt from the local administrative stipulation fee.

Others

It will do the case handling to some large-scale Hi-Tech expenses of taxation of project which fit in with the industry policy of the development zone.

Production and management water, electricity, gas, communication facilities have priority supply of guaranteeing.

Exempt from water and hold the fee again (a circuit).

Exempt from the earnest money of the electric rate.