1988.04.20
JIANGSU PROVINCE
INTERIM PROVISIONS ON THE PREFERENTIAL TREATMENT FOR INLAND
ASSOCIATED ENTERPRISES IN THE NANTONG ECONOMIC AND TECHNOLOGICAL
DEVELOPMENT ZONE
(Promulgated by the Nantong Municipal People's Government on April 20,
1988)
The present Regulations are adopted with the view of
encouraging enterprises, institutions and individuals to
establish associated or independent enterprises in the
Nantong Economic and Technological Development Zone, and hence
acceleration the economic construction and the development of
export-oriented economy in the Development Zone.
@@ Article 1. The inland associated enterprises in the
Development Zone (hereinafter referred to as the Associated
Enterprises) refer to the associated enterprises with no foreign
investment or whose products are principally for export or the
associated enterprises with comparatively advanced technology as
well as associated enterprises which provide services for the
export-oriented economy (including the enterprises of same kind
established by the Development Zone).
@@ Article 2. Upon approval by the Administrative Committee
of the Development Zone, the product tax, value-added tax and
business tax paid by the Associated Enterprises will be refunded
by the Treasury of the Development Zone, within specified number
of years and in accordance with the fisical retention ratios of
different regions, to the local treasury of the investors.
Income gained from production and business activities by
Associated Enterprises of collective ownership shall be taxed before
profit allocation and such tax shall be collected by the local
authorities of the development zone. Newly established enterprises
may, subject to approval by the tax authorities, be exempt from
income tax for three years starting from the profit-making year and
followed by 50% reduction of the statutory rate for another two
years. The relevant procedures shall be handled by the tax authorities.
@@ Article 3. New products manufactured by Associated Enterprises
will be afforded different tax exemption or reduction preferences
according to different circumstances in pursuance to the prevailing
tax policies. Those which still have difficulties after the
expiration of tax exemption and reduction periods may upon approval
be granted tax exemption or tax reduction preference according
to the present regulations on tax administration.
@@ Article 4. Gains of an Associated Enterprise from investment
through bank loans may be used first to repay the loans before tax
and then for profit allocations according to the contract.
Collectively owned enterprises may, for the various loans
b[1] [2] [3] 下一页
|
