1987.05.18
SHENZHEN SPECIAL ECONOMIC ZONE
IMPLEMENTING MEASURES OF THE SHENZHEN MUNICIPAL PEOPLE'S GOVERNMENT
ON THE CONFIRMATION AND ASSESSMENT OF EXPORTING ENTERPRISES AND
TECHNOLOGICALLY ADVANCED ENTERPRISES WITH FOREIGN INVESTMENT
(Promulgated 18 May 1987 by the Shenzhen Municipal People's Government)
These Measures are formulated in accordance with the State
Council Regulations concerning Encouragement of Foreign Investment
(hereinafter referred to as the Regulations) in order to
confirm and assess those enterprises with foreign investment which
are exporting enterprises or technologically advanced enterprises.
@@ Article 1. A Sino-foreign joint equity enterprise,
Sino-foreign cooperative enterprise or enterprise with sole
foreign investment (hereinafter jointly referred to as a foreign
investment enterprise) which is approved for establishment in the
Shenzhen Special Economic Zone in accordance with the law and
which meet the requirements of an exporting enterprise or a
technologically advanced enterprise in accordance with the provisions
of Article 2 of the Regulations may, subject to confirmation and
assessment and the issue of a certificate, enjoy the relevant
preferential treatment prescribed in the Regulations and which
are available in the Shenzhen Special Economic Zone.
@@ Article 2. A foreign investment enterprise may be confirmed
as an exporting enterprise if it satisfies each of the following three
conditions:
(1) It is an enterprise which produces export products.
(2) Its products are mainly for export (including products exported
by the enterprise itself, those exported through a foreign trade
company engaged as an agent, those sold as import substitutes
following approval from the relevant departments and those exported
in other ways) and the annual output value of its exports is 50% or
more of the value of its annual total output.
(3) It is able to achieve through its exports for the current
year a foreign exchange balance between its income and expenditure
or a foreign exchange surplus. (The formula for calculating the
year-end foreign exchange balance is:
Balance carried over from previous year+Foreign exchange
earnings in current year-Foreign exchange expenditure in current year).
@@ Article 3. An exporting enterprise which complies with the
provisions of Article 2 and which has an annual output value for
export of 70% or more of the value of its total annual output may,
subject to passing a yearly assessment, pay enterprise income tax
at a reduced rate of 10% in accordance with the provisions of
Article 8 of the Regulations.
@@ Article 4. An enterprise may be confirmed as a technologically
advanced enterprise[1] [2] [3] [4] 下一页
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