Preferential Policies:Preferential Tax Policies for Foreign Investments and Joint Ventures.
State-encouraged foreign-invested enterprises refer to those enterprises whose main business is the encouraged projects in the Catalogue of Industrial Guidance for Foreign Investment and the industrial projects stipulated in the Catalogue of Advantageous Industries for Foreign Investment in Guangxi, and whose income from main business accounts for more than 70% of the total income of the enterprise.
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 is exempted from customs duty and import linkage tax, except for the commodities listed in the Catalogue of Imported Commodities Not Exempted from Duty for Foreign Investment Projects.
3. Enterprises importing equipment for their own use which cannot be produced domestically or the performance of which cannot meet the needs, as well as the technology and accessories supporting the above equipment (including those imported with the equipment or imported individually) with the use of funds of their own use other than the amount of investment (referring to the reserve fund of the enterprise, the township fund, the depreciation and the after-tax profit), except for those commodities listed in the "Catalogue of Imported Commodities Not Exempted from Duty for Foreign-investment Projects", shall be exempted from the customs duty and import linkage tax. import linkage tax.
Expanded:
Management Measures of the Catalogue for the Guidance of Foreign-invested Industries:
I. Special Management Measures for Foreign Investment Entry (the Negative List for Foreign Investment Entry) uniformly lists the restrictive measures in terms of foreign investment entry such as shareholding requirements and senior management requirements. Restrictive measures that are consistent with domestic and foreign capital, as well as those that do not fall within the scope of access, are not included in the Special Administrative Measures for Foreign Investment Admission (Negative List for Foreign Investment Admission).
II. Overseas investors are not allowed to engage in business activities as individual industrial and commercial enterprises, investors in wholly owned enterprises, or members of farmers' specialized cooperatives.
Third, foreign investors shall not engage in the prohibited projects in the Special Administrative Measures for Foreign Investment Entry (Negative List for Foreign Investment Entry); and shall not set up foreign-invested partnership enterprises to engage in the restricted projects with the requirement of the proportion of foreign investment.
Four, domestic companies, enterprises or natural persons with their legally established or controlled companies abroad to merge and acquire domestic companies with which they have a relationship, involving foreign investment projects and enterprise establishment and change matters, in accordance with the current provisions.
V. Entries in the catalog of industries encouraging foreign investment that overlap with the special administrative measures for foreign investment access (the negative list for foreign investment access) are entitled to the policies of encouragement, and at the same time must follow the relevant access regulations.
Baidu Encyclopedia - Guidance Catalog for Foreign Invested Industries