| 1. registered in the Garden, enterprises featuring in new & high technology and science & technology are entitled to the following preferential policies:
1.1 foreign-funded enterprises with a registered capital of over US$10 million are exempted from their income tax in the first and second years since making profits. For the third, fourth and fifth years, they will be exempted from half of the income tax, after which the levied amount will be fully returned by the Finance Administration. During the sixth year, full income tax will be collected but will be refunded by the District Finance Administration. For the seventh, eighth and ninth years, full income tax will be imposed but half of that will be given back to the enterprises by the finance administration concerned. (Foreign-funded enterprises with a registered capital of US$5-10 million are exempted from income tax for the first five years since making profits and enjoy a halved income tax for the next three years. Enterprises with a registered capital of US$1-5 million are exempted from income tax for the first four years since making profits and enjoy a halved income tax for the next three years.)
1.2 enterprises that register and operate within the Garden are entitled to the following preferential tax treatments for three years since the first month of tax payment. 1) 80% of their income tax paid to the local government will be refunded as an incentive; 2) 8% of their value added tax paid to the local government will be refunded as an incentive; and, 3) 50% of their sales tax paid to the local government will be refunded as an incentive. From the fourth year on, they will be rewarded in accordance with the relevant policies of the Jinshan Economic Zone.
2. enterprises that registered in the Garden with the Certificate of Science & Technology issued by the Shanghai Municipal Commission of Science and Technology are entitled to the following preferential policies:
2.1 enterprises with a net income from technological consultation, technological services, technological development and technological transfer exceeding RMB 300 thousand will be rewarded for the first three years since the first month of tax payment with 90% of the income tax paid to the local government to be refunded as an incentive; 85% of the income tax paid to the local government will be refunded as an incentive for the next two years. Enterprise with incidental incomes will be rewarded for five years with a return of 85% of their income tax paid to the local government since the first month of tax payment.
2.2 enterprises will be rewarded with a refund of half of the value-added tax paid to the local government. With regard to the sales tax, 80% of the actual payment will be refunded for the first three years since the first month of tax payment, and 60% of the actual payment will be refunded for the next two years.
3. law-abiding overseas operators or management personnel in foreign-funded enterprises (chairman of the board of directors or general manager) that have met one of the following requirements for a succession of two years will be awarded the title ¡°Honorable Citizen of Jinshan District, Shanghai¡± and will be offered for free a land of 1,000 square meters in Jinshan District to build his villa on with a right of use for 50 years. The requirements are as follows: (a) the enterprise earns an annual profit of over RMB5 million, or has an annual tax payment of more than RMB2 million; (b) the enterprise earns an annual net foreign exchange profit of US$5 million from exports; (c) the enterpries wins a New Product Award or an Award of Scientific and Technological Achievement at the municipal level or above; (d) the enterprise employs more than 5 hundred local laborers; and, (e) the enterprise makes outstanding contributions to the the development of local social and public welfare.
4. foreign agricultural industrial of agricultural synthetical major project affirmed by municipal agricultural committee can have priority in loan and other relevant preferential policies, if the project is up to the standard.
5. if the enterprise buy the model 625 big green house (30 meters length, 6 meters width, the area is 180 square meters, 2.4-2.5 meters height, unit-price is 3200yuan) before July 2003, it can enjoy the preferential policy.
6. if the enterprise buy the model LD-A big green house (30 meters length, the area is 540 square meters, 4 meters height, unit-price is 3200yuan) before July 2003, it can enjoy the preferential policy.
7. enterprises registered and operating within the Garden will be charged for land use and factory buildings as follows:
7.1 rent price for the land in the Garden is RMB110 thousand per mu;
7.2 requisition price of the land in the Garden is RMB85 thousand per mu;
7.3 rent price for standard factory buildings in the Garden is RMB10 per square meter per month;
7.4 sale price of standard factory buildings in the Garden is calculated on the basis of their actual costs;
7.5 negotiation is available for special cases. |
