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Proferential Policy

 

Land
Nantong has rich land resources. In the city cluster of the Yangtze River Delta, the land cost is lowest and the land price can be more favorable according to the investing scale, the density of the capital, the technology and the number of years of the investment.

Tax
If the operating period of foreign-funded productive enterprises is more than 10 years, from the year of earning the profit, the income tax of the first two years will be free of duty. Half can be reduced from the third to fifth year. During the reduction period, the local tax will be free. For those large-scale investment will with high content of the technology and great contributions of taxes. The local government will financially support the relative enterprises with part of the local government

Income
Policies in the Export Processing Zone
The first policy is about the import free tax. Inside the zone, it is duty free of machines, equipments, mould maintenance parts needed to import for production, all the machines and equipments needed to import for infrastructure construction, capital construction materials for factory building and storehouse facilities; it is also duty free of import things for office use. The second policy is about the protective tariff of imported materials. The protective tariff will be provided to all the imported new materials, spare parts, components, packing materials and consuming materials that are used to process the export products. The third policy is concerning the import tax drawback at the entrance of the zone. According to some concerned stipulations and procedures, the tax drawback can be enjoyed for the machines, equipments, raw materials, spare parts, components, packing materials made in China, those reasonable numbers of things for office use and construction materials for processing and administrative use entered in the zone from within the border. The fourth policy is about the free value added tax. The export products processed inside the zone, the repair and replacement are duty free of their value added tax and the consumption tax. The fifth policy is concerning the transit of thorough going processing and the processing by delivering outside the zone. When necessary, the enterprises in the Export Processing Zone can deliver some moulds or semi-manufactured products to process outside the zone. When the entrusted finished products are returned back to the zone on schedule, the earnest money or the letter of guarantee will be returned in time after the responsible customs in the zone verify and cancel. 

 

 


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