1, Tianjin to further encourage foreign investment
Foreign-invested enterprises since the establishment of the enterprise to the formal commissioning of the former, through the Tianjin Customs to handle the relevant formalities, you can import samples of the products of the enterprise to be put into operation, bonded display.
Foreign-invested projects that meet the conditions of national high-tech enterprises can enjoy the following preferential policies:
(1) High-tech capitalization or equity investment, approved by the approval authority, the amount of capitalization is not limited.
(2) The office, experimental and production premises in TEDA International Venture Center of Tianjin Economic-Technological Development Area, Science and Technology Park of Tianjin Port Free Trade Zone and Venture Center of Tianjin New Technology Industrial Park shall be subject to zero rent for the projects in the "incubation period".
(3) Tianjin Economic-Technological Development Area, Tianjin Port Free Trade Zone Science and Technology Park and Tianjin New Technology Industrial Park annually allocate 3% of the fiscal revenue as science and technology risk fund to support the development of high-tech enterprises.
Foreigners to introduce good varieties and advanced technology development of agriculture, enjoy the following preferential policies:
(a) recognized productive agricultural high-tech enterprises, the operating period of more than 10 years, since the year of profit, the first two years exempted from enterprise income tax; the third to the fifth year of the first half of the levy, levied first and then returned to the way of exemption from enterprise income tax; the sixth to the tenth year of enterprise income tax is fully levied. From the sixth to the tenth year, the enterprise income tax is levied in full and returned by half. The effective tax rate for the half-reduced levy shall not be less than 10%.
(2) The experimental bases of new technology and new products established in the outward-oriented high-tech agricultural modernization demonstration zones in Tianjin and the Tianjin Agricultural Science and Technology Introduction and Digestion Center are exempted from agricultural and forestry special property tax for three years from their own business income.
(3) foreign-invested enterprises engaged in the development and production of fruits, vegetables, livestock and poultry products, sea and freshwater products, green food and craft mouth and other six agricultural by-products development, production, the variety and quality of better than similar products, and can drive farmers or supporting enterprises to expand exports, you can get the support of special preferential loans for agricultural industrialization.
Foreign investors investing in Tianjin's transportation and municipal facilities are entitled to the following preferential policies:
(1) Foreign investors investing in transportation infrastructure projects and municipal utility projects in Tianjin shall pay enterprise income tax at a reduced rate of 15% upon approval by the municipal tax department, and upon approval by the municipal finance department, shall return the full amount of the business tax year by year during the investment recovery period.
(2) For enterprises referred to in the preceding paragraph with an operating period of more than 15 years, upon approval of the municipal finance department, the full amount of enterprise income tax will be returned year by year for five years starting from the year of profit-making; and starting from the sixth year, the half-reduced amount of enterprise income tax will be returned year by year for five years.
2, the relevant state policy regulations (compiled in accordance with the relevant state regulations)
I. Encouragement of foreign-invested enterprises in technological development and innovation, and expansion of domestic procurement
(1) for the establishment of the encouragement of the category and restriction of Category B foreign-invested enterprises, foreign-invested research and development centers, technological innovation of advanced technology-based and product-exporting foreign-invested enterprises in the original approved production and operation scope of imported domestic products that can not be produced or imported. Business scope of imported equipment for self-use that cannot be produced domestically or whose performance does not meet the needs and its supporting technology, accessories and spare parts, shall be exempted from import tariffs and import tariffs.
(2) for foreign-invested enterprises in the total investment in the procurement of domestic equipment, such as such imported equipment belongs to the scope of the tax-free catalog, can be a full refund of the value-added tax on domestic equipment and in accordance with the relevant provisions of the credit enterprise income tax.
(3) foreign investment in the establishment of research and development centers, the transfer of technology is exempted from business tax in accordance with the domestic scientific research institutions.
(4) foreign enterprises to transfer technology to our territory, where technologically advanced or favorable conditions, approved by the competent tax department of the State Council, can be exempted from business tax and enterprise income tax; foreign-invested enterprises to obtain technology transfer income is exempt from business tax.
(5) If the technology development expenses of a foreign-invested enterprise increase by more than 10% (including 10%) compared with the previous year, it is allowed to deduct 50% of the actual amount of the technology development expenses from the taxable income of the current year with the approval of the tax authorities.
(F) with the approval of the tax authorities, the old foreign-invested enterprises established before the end of 1993 can be allowed to export goods, before the end of 2000, choose to implement the "no levy, no refund" or "exemption from refund" policy (can only be chosen once).
Two, encourage the expansion of exports
(a), the use of a variety of economic instruments to further support exports
1, further increase the tax rebate rate for some export commodities, from July 1, 1999 onwards. The export tax rebate rate for high-tech products will be implemented in accordance with the rate of value-added tax (VAT).
2, the relevant commercial banks should be based on the principle of credit, priority arrangements, focus on supporting the export enterprises need working capital loans, an appropriate increase in foreign exchange loans for imported materials; on the strength of the strong, effective, contract-observant, trustworthy export enterprises after the credit rating to give a certain amount of export credit line of credit.
3, the abolition of export collection of foreign exchange settlement and accounting audit, the enterprise's foreign exchange income from current projects can be directly to the bank for settlement and accounting. 4, relaxation of the restrictions on the issuance of export write-off orders.
(ii) standardize the processing trade management
1, as soon as possible to implement and gradually improve the formulation of the processing trade enterprise classification and management standards, to encourage enterprises to strive to be class A enterprises, the processing trade enterprises assessed as class A and in line with the standards, no longer implement the bank guarantee account system, to simplify the management procedures.
2, the suspension of processing trade imports of sugar, vegetable oil, natural rubber, wool import quota management, included in the processing trade management of restricted commodities directory to implement the bank guarantee account "real transfer", by the Customs strict supervision.
3, in order to reduce the burden on enterprises, allowing "real transfer" enterprises to pay in various forms of deposit or provide security.
4, the establishment of standardized, closed export processing zones for pilot projects, and gradually guide the export processing enterprises to bonded zones and export processing zones. In the designated area, the implementation of "inside the customs" management system, with customs supervision. Materials imported into the zone from outside the zone are regarded as exports and are subject to tax rebates in accordance with the regulations, while measures should be taken to prevent the phenomenon of enterprises transporting unsold commodities into the zone for warehousing; products shipped from the zone to outside the zone are regarded as imports, and import tariffs and import linkage taxes are levied in accordance with the tax rates used for the products. Value-added processing within the zone is not subject to value-added tax.
(3) Simplify the management procedures of import and export links and reduce the charges
1. Standardize the charges of import and export links. Reduce the scope of statutory inspection of import and export commodities, clean up import and export inspection and quarantine and port operating charges, prohibit indiscriminate charges, abolish duplicative charges, reduce the total size of administrative fees, the development of new inspection and quarantine fee management and fee standards.
2, to further simplify the management procedures of the various export links, the customs to speed up the clearance of export commodities; tax authorities to speed up the progress of tax refunds.
Three, foreign investment in the organization of investment companies additional provisions
(a), the registered capital of investment companies not less than 30 million U.S. dollars, the investment company's loans shall not exceed the amount of paid-up registered capital of four times. If an investment company's loan amount is to exceed four times the amount of paid-up registered capital due to operational needs, it shall be reported to the Ministry of Trade and Economic Cooperation for approval.
(2) Investment companies are encouraged to set up scientific research and development centers or departments in China to engage in research and development of new products and high technology, transfer their research and development results and provide corresponding technical services.
(3) Investment companies may sell products produced by their invested enterprises in domestic and overseas markets by way of agency or distribution. (d) The investment company may provide comprehensive services such as transportation and warehousing for its invested enterprises.
(v) The investment company may acquire goods for export within the country that do not involve the management of export quotas or export licenses.
IV. Increasing Financial Support for Foreign-Invested Enterprises
(1) When foreign-invested enterprises raise funds within the country, Chinese commercial banks are allowed to accept guarantees from foreign shareholders. Allow foreign-invested enterprises to pledge foreign exchange to the domestic Chinese foreign exchange designated banks to apply for Renminbi loans, foreign-invested enterprises all foreign exchange funds can be pledged; for foreign exchange guarantees under the Renminbi loans can be provided by foreign financial institutions or domestic and foreign-funded financial institutions to provide credit guarantees; cancel the foreign exchange pledge, foreign exchange guarantees under the registration procedures and foreign-funded banks providing foreign exchange guarantees for the special restrictions on the credit rating. Foreign shareholders' guarantees and foreign exchange-guaranteed RMB loans shall be in line with industrial policies and may be used to meet fixed asset investment and liquidity needs, but may not be used for foreign exchange purchases. The maximum term of foreign exchange-guaranteed RMB loans shall not exceed five years.
(2) the establishment of special industrial investment funds to alleviate the existing foreign-invested enterprises to increase the capital of the Chinese side of the problem of insufficient equity capital. At the same time allow domestic Chinese-funded commercial banks to issue equity loans of not more than 50% to Chinese shareholders for a period of not more than 10 years on the premise that the foreign shareholders of Chinese-foreign joint ventures and cooperative enterprises should have their increased equity capital in place at the same time.
(3) Domestic foreign-invested enterprises are permitted to provide collateral for their foreign investors' overseas assets to the overseas branches of domestic Chinese-funded banks, and the overseas branches or domestic branches of Chinese-funded commercial banks will issue loans to them.
(4) Eligible foreign-invested enterprises may apply for the issuance of A or B shares.
(v) Providing insurance services such as political risk insurance, performance insurance and guarantee insurance to foreign investors investing in energy, transportation and other fields that the State has been focusing on encouraging.
V. Further Improvement of Management and Services for Foreign-Invested Enterprises
(1) Appropriately reducing the number of restricted items in the Catalogue of Industrial Guidance for Foreign Investment, such as those requiring Chinese parties to hold the shares and those disallowing wholly foreign-owned enterprises.
(2) All foreign-invested projects that belong to the encouraged category and do not require comprehensive national balancing shall be approved by the people's governments at the provincial level and reported to the State Planning Commission, the State Economic and Trade Commission and the Ministry of Foreign Trade and Economic Cooperation for the record. The relevant departments of the State Council and the local people's governments to further simplify the approval procedures for foreign-invested projects and the establishment of enterprises to speed up the approval process.
(3) further improve the authenticity of the sales of foreign exchange under current projects to audit the customs declaration network verification system, and shorten the audit time;
Foreign-invested enterprises can be based on the establishment of the enterprise technology transfer agreement and the approval documents for the sale of foreign exchange under the introduction of its technology procedures.
Foreign-invested enterprises may convert deposits in foreign exchange settlement accounts to time deposits within the limits. In accordance with the principle of territorial management, the approval authority of foreign exchange income settlement of capital projects is decentralized, and the filing and registration system of foreign exchange income settlement of capital projects is abolished.
(d) gradually narrow the scope of mandatory value appraisal of foreign-invested enterprises imported equipment, improve the appraisal method, the abolition of wholly foreign-owned enterprises imported equipment mandatory value appraisal. Standardize customs management, improve efficiency and speed up customs clearance. Firmly stop the foreign-invested enterprises of indiscriminate charges, inspections and all kinds of amortization.
(E) foreign-invested enterprises that have acquired land use rights by way of concession will no longer pay site use fees.
(6) The government will urgently clean up the policies and regulations for foreign-invested enterprises, adjust as soon as possible the relevant policies and regulations that are not conducive to the attraction of foreign investment, and improve the legal and regulatory system for foreign investment.
Tianjin Municipality on Further Supporting Enterprise Development and Attracting
(1) Profits realized from confirmed state-level new products and patented products shall be exempted from enterprise income tax for three years from the date of sale; profits realized from confirmed municipal-level new products shall be exempted from enterprise income tax for two years from the date of sale.
(2) In order to attract foreign investors to set up research and development organizations in the city, with reference to the fiscal and tax policies for state-owned research and development organizations, foreign-invested high-tech research and development organizations are temporarily exempted from business tax and enterprise income tax on technology transfer as well as on income from technical consulting, technical services, and technical training related to technology transfer incurred in the process of technology transfer. The preferential policies on enterprise income tax for foreign-invested enterprises and units shall be in the form of first levy and then return.
(3) For foreign-invested high-tech research institutions, expanding intermediate experiments of new products realized profits, with reference to the city's domestic enterprises new product income tax policy.
(d) the city's various types of investment companies to invest in the city's high-tech industrialization projects, the amount of investment reaches more than 25% of the capital of the invested enterprise, its equity dividends exempted from enterprise income tax; and according to the amount of the dividends of 50% of the credit investment company's own taxable profits, a reduction of three years of enterprise income tax.
(5) The enterprise may, for three consecutive years after the successful commissioning of a new product, extract incentive funds from the cost at a rate of 5% of the new net profit of the new product for rewarding the personnel who have made important contributions to the development of the new product.
Fiscal policies to encourage foreign investment in the city:
(1) Sino-foreign equity joint ventures in the process of corporate restructuring, one of the parties to the enterprise for the land and the original real estate on the ground at a price for the sale of the land use right transfer, the transfer of the transfer of the transferring party to obtain the transfer of income is exempted from the business tax; for the transferee for the transfer of the land and the transfer of real estate on the ground, exempted from the deed tax.
(2) Foreign investors investing in the city to organize banks, insurance companies, law firms, accounting firms and high-level consulting firms are exempted from the deed tax on newly purchased office properties for their own use, and from the urban real estate tax for one year. Banks and insurance companies are exempted from local income tax from the year they make profits. Law firms, accounting firms and senior consulting firms are exempted from enterprise income tax from the first to the second year of operation.