Preferential Policies
(1) Enterprises stationed in Jinchuan District of Hohhot Economic and Technological Development Zone can enjoy the following preferential policies:
(1) High-tech enterprises and sino-foreign equity joint ventures: from the date of registration, the first five years (including five years), all of the value-added tax paid by the enterprises to be retained locally; the first five years (including five years), the enterprises to pay income tax retained locally in full; 50% of the local retention of the income tax paid by the enterprise from the sixth to the tenth year shall be used to support the development of the enterprise;
(2) General industrial enterprises: from the date of commencement of production (except for the construction period), the entire amount of the local retention of the income tax paid by the enterprise for the first three years (including three years); 50% of the local retention of the income tax paid by the enterprise from the fourth to the sixth year shall be used to support the development of the enterprise;
(3) Enterprises engaged in information, consulting services, technical services and various types of intermediary service organizations: from the date of registration, the entire amount of the local retention of the income tax paid by the enterprise in the first two years (including two years); 50% of the local retention of the income tax paid by the enterprise from the third to the fifth year, to be used to support the development of the enterprise;
(4) other types of enterprises, such as commerce, catering services and construction and real estate: from the date of registration, the entire amount of the local retention of the income tax paid by the enterprise in the first three years (including three years), 30% of the local retention of the income tax paid by the enterprise; 15% of the local retention of the income tax paid by the enterprise from the fourth year to the sixth year, for supporting the development of the enterprise;
(5) investment in infrastructure and public welfare projects, depending on the amount of investment and the status of the benefit, can be taken as a one-person-one-issue approach to the support of the financial funds;
(2), the enterprises stationed in the Hohhot Export Processing Zone, enjoy the following tax benefits Enterprises stationed in the Hohhot Export Processing Zone shall enjoy the following preferential tax policies:
(1) Value-added Tax (VAT) and Consumption Tax (CST): Any goods directly exported and sold to enterprises in the Export Processing Zone shall be exempted from VAT and CST.
(2) Tariffs: imported production equipment, parts, molds, infrastructure materials, office products, etc. are exempted from tariffs.
(3) Bonded: Raw materials, parts, components, packaging materials and consumable materials imported for the processing of export products shall be fully bonded.
(4) Tax Refund: Domestic machinery, equipment, raw materials, parts, components, packaging materials and reasonable quantities of infrastructure materials required for the construction of infrastructure, production and office buildings of processing enterprises and administrative departments purchased from China into the processing zones shall be regarded as exports, and the Customs shall issue export tax refund bills.
In addition, according to national laws and regulations, foreign-invested enterprises located in the development zone can also enjoy the following tax incentives:
Foreign-invested projects belonging to the category of national incentives in the 2001-2010 period, the enterprise income tax is reduced by 15 percent of the tax rate; foreign-invested enterprises organized by the relevant departments identified as advanced technology enterprises, in accordance with the Tax Law If the enterprise is still an advanced technology enterprise after the expiration of the exemption and reduction period, the enterprise income tax can be reduced by 15% for 3 years in accordance with the provisions of the tax law; if the product exporting enterprise organized by foreign investment, after the expiration of the exemption and reduction period in accordance with the provisions of the tax law, if the product exporting value of the current year reaches 70% or more of the product output value of the enterprise in the current year, the enterprise income tax can be halved in accordance with the provisions of the tax law, and if the halved rate is lower than 10%, the enterprise income tax will be levied at 10%. If the tax rate is lower than 10%, the enterprise income tax shall be levied at 10%; the tax rebate rate for foreign-invested industries purchasing domestic equipment shall be 17% on the premise that the unused domestic equipment purchased in currency and domestic equipment purchased within the total investment amount approved by the tax authorities for tax rebate.
Other
Investors in Hohhot Economic and Technological Development Zone to invest in projects belonging to the state to encourage investment in the field of industry, the enterprise production of products there is no restriction on the ratio of domestic and foreign sales, involving quotas, license management of products can be coordinated by the Development Zone Management Committee of the relevant departments in a timely manner.
2. After the establishment of the enterprises invested by the investors in Hohhot Economic and Technological Development Zone and the normal production and operation, according to the actual needs of the enterprises, the municipal government and the Administrative Committee of the Development Zone can coordinate with Hohhot Customs for the establishment of bonded warehouses in a timely manner, so as to ensure the unimpeded import and export of materials and finished products of the enterprises. The enterprises invested in Hohhot Economic and Technological Development Zone can, according to the actual needs of the municipal government and the labor and personnel departments of the development zone, select and hire personnel from the talent pool and can conduct off-site training.