Foreign businessmen are encouraged to carry out technological transformation or sole proprietorship of enterprises in this Municipality (including township enterprises) in various ways, such as joint venture, cooperative operation, processing with supplied materials, processing with supplied samples, assembling with supplied parts, compensation trade, leasing, contracting and purchasing equity.
Foreign investors are allowed to invest in urban construction, real estate, land development, finance, commerce and service industries.
Give special preferential treatment to the following foreign-invested enterprises:
(1) A productive enterprise (hereinafter referred to as a product export enterprise) whose annual output value of export products reaches more than 70% of the enterprise's current output value, or reaches more than 50% of the enterprise's current output value upon approval, and its foreign exchange balance or surplus is achieved in that year.
(two) the use of advanced technology, technology and equipment, new product development and product upgrading, in order to increase exports or replace imports of productive enterprises (hereinafter referred to as advanced technology enterprises). Article 4 The relevant departments shall give priority to the supply of raw materials, water, electricity, gas and oil needed for the construction, production and operation of foreign-invested enterprises in China, and charge them according to the standards of state-owned enterprises and pay them in RMB.
The materials supplied by the materials department to foreign-invested enterprises, except imported materials, are treated equally with state-owned enterprises in monetary settlement. Article 5 Foreign-invested enterprises shall treat telephone installation fees and telephone usage fees, vehicle maintenance fees, cargo transportation, domestic engineering design and construction, consulting services, advertising, insurance, etc. equally with state-owned enterprises and pay in RMB; The collection of foreign exchange must be approved by the foreign exchange administration department. Article 6 The working capital, temporary working capital and other necessary credit funds of foreign-invested enterprises may be given priority according to the loan method of state-owned enterprises after being audited by local financial institutions. Foreign-invested enterprises are allowed to mortgage RMB loans with foreign exchange. Article 7 The tax rate for foreign-invested enterprises is 15%. Productive enterprises with an operating period of more than 10 shall be exempted from income tax in the first and second years from the profit-making year, and the income tax shall be reduced by half in the third to fifth years. After the expiration of the tax reduction or exemption period, export enterprises and advanced technology enterprises may be extended for three years to pay income tax by half. Article 8 Foreign-invested enterprises shall be exempted from local income tax and urban property tax within five years, in addition to enjoying the relevant provisions of the state on tax reduction and exemption. Product export enterprises and advanced technology enterprises shall be exempted from local income tax and urban property tax within ten years. Article 9 If a foreign investor reinvests the profits of an enterprise in an enterprise established or expanded in this Municipality for more than five years, he may, with the approval of the tax authorities, refund 40% of the enterprise income tax paid for the reinvested part. Product export enterprises or advanced technology enterprises can be returned. If the investment is recovered after less than five years of operation, the returned enterprise income tax will be returned. Article 10 Machinery, equipment, spare parts and other materials imported from abroad by foreign-invested enterprises as investment and additional investment, raw materials, auxiliary materials, components and packaging materials imported from abroad for the production of export products, and a reasonable number of vehicles and office and daily necessities imported by foreign investors for their own use shall be exempted from import duties and consolidated industrial and commercial tax. Eleventh foreign-invested enterprises in Taiyuan, all productive enterprises can use administrative allocation and paid transfer to obtain land use rights. Land for tourism, business and other business projects should be paid for transfer. According to different purposes, the maximum period of land use right transfer is 40 to 70 years. When the land use right expires, you can apply for renewal.
Foreign investors are allowed to invest in the development and management of plots of land.
Foreign-invested enterprises use land developed by the state, and the land development fee collection standards are: one-time collection of development fee, comprehensive collection of development fee and use fee, and half of development fee.
Enterprises with foreign investment shall be exempted from land use fees for five years from the time stipulated in the land use contract. Product export enterprises and advanced technology enterprises pay land use fees by half from the sixth year to the tenth year. Twelfth foreign investment in education, culture, health care, environmental protection and other non-operating social welfare undertakings, approved by the land management department, are exempt from land use fees. Thirteenth foreign-invested projects are exempt from supporting fees for urban infrastructure. Other local taxes and fees are reduced by 30% for productive projects and 15% for service projects. Article 14 A foreign-invested enterprise shall balance its foreign exchange receipts and payments by exporting its own products. If it is temporarily out of balance, it may, upon approval, export by itself or entrust a foreign trade company to export commodities that are not subject to export license and quota management.