(1) Preferential tax policies for foreign-invested enterprises of the state-encouraged category
Foreign-invested enterprises of the state-encouraged category refer to the encouraged projects in the Catalogue of Industrial Guidance for Foreign Investments and the industrial projects stipulated in the Catalogue of Advantageous Industries for Foreign Investments in Guangxi as the main business, and whose income from main business accounts for more than 70% of the total income of the enterprise. Enterprises.
1. During the period from 2001 to 2010, enterprise income tax will be levied at a reduced rate of 15%.
2. Equipment imported for self-use within the total investment amount of the project, except for the commodities listed in the "Catalogue of Imported Commodities Not Exempted from Duty for Foreign Investment Projects", will be exempted from tariffs and import linkage taxes.
3. Enterprises using funds for their own use other than the investment amount (referring to the enterprise reserve fund, township fund, depreciation and after-tax profits) to import equipment for their own use which cannot be produced domestically or whose performance cannot meet the needs, as well as technology and accessories supporting the above equipment (including those imported along with the equipment or imported separately) shall be exempted from customs duties and import linkage tax, except for the commodities listed in the Catalogue of Imported Commodities Not Exempted from Duty for Foreign Investment Projects. Import tax.
4. For domestically produced equipment purchased by an enterprise within its total investment, except for the commodities listed in the Catalogue of Imported Commodities Not Exempted from Duty for Foreign Investment Projects, 40% of the investment in domestically produced equipment can be credited from the enterprise income tax of the year in which the equipment is purchased compared with that of the previous year.
5. In order to improve economic efficiency, improve product quality, increase variety, promote product upgrading, expand exports, reduce costs, save energy consumption, strengthen the comprehensive utilization of resources and three wastes management, labor safety, etc., the enterprise adopts advanced and applicable new technologies, new techniques, new equipment, new materials, etc., to reform the existing facilities, production process conditions outside the total amount of investment. The purchase of domestic equipment, the purchase of domestic equipment, 40% of the investment can also be offset from the purchase of equipment in the year than the previous year's new enterprise income tax.
In paragraphs 4 and 5 above, the amount of enterprise income tax credit for investment in domestically produced equipment of a foreign-invested enterprise in each year shall not exceed the amount of enterprise income tax newly added in that year compared with the previous year of equipment purchase. If the new enterprise income tax is not enough to credit, the amount of investment is not credited, can be used in future years than the equipment purchased in the previous year of the new enterprise income tax credit, but the extension of the credit period shall not exceed five years.
6. Enterprises purchasing domestically produced equipment within the total amount of investment, as well as plastic parts, rubber parts, ceramic parts, and pipes used in petrochemical projects, etc., which are listed in the purchase contract and purchased along with the equipment, are entitled to a full refund of VAT, except for the commodities listed in the "Catalogue of Imported Commodities Not Exempted from VAT for Foreign-invested Projects".
The equipments enjoying the tax rebate must have the following two conditions:
(1) It must be the domestic equipments purchased with money and not used, excluding the investment in kind and intangible assets of the investor;
(2) It must be the domestic equipments purchased after September 1, 1999 within the total amount of the tax rebate investment approved by the tax authorities.
7. "Foreign investment projects are not tax-free imported goods directory" in the over-listed imported equipment for television sets, camcorders, VCRs, audio equipment, air conditioners, refrigerators, freezers, washing machines, cameras, photocopiers, programmable telephone exchanges, micro-computers and peripherals, telephones, wireless pagers, facsimile machines, electronic calculator calculators, typewriters and word processors, automobiles, Motorcycle, etc.
8. For foreign investment in encouraged non-hydrocarbon mineral resources mining projects, five years exemption from payment of mineral resources compensation fees.
(2) Long-term exemptions and reductions in corporate income tax for the following regions and industries.
1. For productive foreign-invested enterprises located in Nanning Economic and Technological Development Zone, Chinese-foreign equity joint ventures engaged in port terminal equipment in Guangxi, and foreign-invested enterprises set up in Nanning High-tech Industrial Development Zone and Guilin High-tech Industrial Development Zone recognized by Guangxi Science and Technology Department as High-tech Enterprises to implement a long-term reduction of corporate income tax at a rate of 15%.
2. In Nanning City, Beihai City, Wuzhou City, Qinzhou City, Yulin City, Fangchenggang City, Pingxiang City, Dongxing City, Hepu County, Cangwu County, production of foreign-invested enterprises, as well as foreign-invested enterprises located in the Beihai National Tourism Resort, the implementation of a long-term reduction of 24% of the tax rate of the enterprise income tax. Among them, foreign-invested enterprises belonging to the national encouragement category will be subject to a reduced enterprise income tax rate of 15% from 2001 to 2010.
Productive foreign-invested enterprises refer to foreign-invested enterprises engaged in the following behaviors:
A. Machinery manufacturing, electronics industry;
B. Energy industry (excluding the extraction of oil, natural gas);
C. Metallurgy, chemical, building materials industry;
D. Light industry, textile, packaging industry;
E. Medical equipment, pharmaceutical industry;
E. Medical equipment, pharmaceutical industry;
E. Medical equipment, pharmaceutical industry.
F. Agriculture, forestry, animal husbandry, fisheries and water conservancy;
G. Construction;
H. Transportation (excluding passenger transportation);
I. Direct production services, scientific and technological development, geological census, industrial information consulting and maintenance of production equipment, precision instruments and services.
High-tech enterprises are those engaged in the following high-tech scope:
A. Electronics and information technology;
B. Bio-engineering and new pharmaceutical technology;
C. New materials and applied technology;
D. Advanced manufacturing technology;
E. Aerospace technology;
F. Modern agricultural technology.
G. New energy and energy-efficient technologies;
H. New technologies for environmental protection;
I. Marine engineering technologies;
J. Nuclear application technologies;
K. Other new processes and technologies applied in the transformation of traditional industries.
(C) Regular reduction and exemption of enterprise income tax for enterprises meeting the following conditions
1. For productive foreign-invested enterprises with an operating period of more than ten years, they are exempted from enterprise income tax for the first year and the second year, and halved from the third year to the fifth year from the year when they start to make profits, referred to as "exempted from enterprise income tax for the second and the third years". The abbreviation is "exemption of two and reduction of three". Among them, foreign-invested enterprises belonging to the category encouraged by the state shall be subject to half of the enterprise income tax at a tax rate of 15% from 2001 to 2010.
2. Sino-foreign equity joint ventures engaged in the construction of port terminals with an operating period of more than fifteen years can be exempted from enterprise income tax for the first year to the fifth year, and halved from the sixth year to the tenth year from the year in which they start to make profits, referred to as "Exemption Five and Reduction Five".
3. The sino-foreign equity joint ventures established in Nanning Hi-Tech Industrial Development Zone and Guilin Hi-Tech Industrial Development Zone which are recognized by Guangxi Science and Technology Department as Hi-Tech Enterprises, with an operating period of more than ten years, are exempted from enterprise income tax for the first year and the second year from the year when they start to make profits.