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Tax policies
The income tax rate for foreign invested enterprises is 24%.
Those in production for more than ten years will enjoy exemption
of income tax for the first two years of making profit and for
the following three years from their first year of profit. Advanced
technology enterprises pay only half of their tax after the
tax exemption and cut phase is over. This will last three years.
The lowest limit for the corporate income tax rate is 10%. If
foreign funded enterprises reinvest in China with the earned
profits, 40% of their tax will be refunded after at least 5
years¡¯ operation. If the reinvestment is used to establish or
expand export-oriented or advanced technology enterprises, the
corporate income tax for the reinvested part will be fully refunded.
Foreign invested enterprise can get a refund of duty if they
buy domestic-manufactured equipment. 40 % of their investment
in domestic-manufactured equipment can be paid as part of the
added corporate income tax, i.e. the margin between the tax
for the year when they buy the equipment and that for the preceding
year. 50% of their expense on technological development can
be taken as part of the income tax of the year. |
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Land policy
According to the different purpose of the land, investors enjoy
40 to 70 years¡¯ right to use the land. Investors in real estate
projects and those in the development zones approved by the
state or the provincial government can obtain the land-use right
from the state in different ways such as auction, bidding, and
compacts. |
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Talents policy
Chengyang has made preferential policies and created a favorable
living and working environment to attract excellent professionals
at home and abroad. |
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