Since 20 14 and 12, Hannan District has implemented overall management, and the planned control area of the development zone is 489.7 square kilometers.

Established in 199 1 year, 1993 was approved by the State Council as a national economic and technological development zone in April. In April 2000, the State Council approved the establishment of Wuhan Export Processing Zone in the Development Zone.

The development zone is located in the southwest of Wuhan, north of the Yangtze River, east longitude 1 14 degrees 9 minutes, north latitude 30 degrees 29 minutes, bordering on the Yangtze River, between the Third Ring Road and the Outer Ring Road in Wuhan. The development zone has a vast hinterland and obvious location advantages.

Extended data

The state implements preferential policies for economic and technological development zones:

① Production enterprises (collectively referred to as development zone enterprises) with Sino-foreign joint ventures, cooperative ventures and wholly foreign-owned operations are established in the zone, and income tax is paid at the rate of 15%. Among them, if the operating period is more than 10 years, with the application of the enterprise and approval of the municipal tax authorities, the income tax will be exempted in the first and second years from the profit-making year, and the income tax will be halved in the third to fifth years.

② If the local income tax levied on enterprises in the Development Zone needs to be reduced or exempted, it shall be decided by the people's government where the Development Zone is located.

(3) Foreign investors in Sino-foreign joint ventures in the Development Zone who remit profits from overseas enterprises shall be exempted from remittance tax.

(4) Foreign investors who have no establishment in China, but get dividends, interest, rent, royalties and other income from the Development Zone, shall be given preferential treatment of reducing or exempting enterprise income tax according to law. Among them, if the preferential conditions for providing funds and equipment or the advanced technology transferred need more preferential tax reduction or exemption, it shall be decided by the people's government where the development zone is located.

⑤ Building materials, production equipment, raw materials, spare parts, components, vehicles and office supplies imported by enterprises in the Development Zone for their own use are exempt from customs duties and import taxes.

⑥ When the products processed with imported duty-free raw materials and spare parts are sold domestically, the imported materials and parts used by the development zone enterprises shall be taxed according to regulations. The export products produced by enterprises in the Development Zone shall be exempted from consolidated industrial and commercial tax in the production process, except for petroleum, refined oil and products otherwise stipulated by the state; Domestic products are taxed according to regulations.

⑦ Foreigners who work in enterprises or live in the Development Zone shall be exempted from a reasonable amount of customs duties and import taxes when they bring imported articles and means of transportation for their own use with the supporting documents of the Development Zone Management Committee. 12 the city's economic and technological development zone has smooth traffic and telecommunications and complete living facilities, which provides good external conditions for the development of export-oriented economy.

References:

Baidu Encyclopedia-Wuhan Economic and Technological Development Zone

References:

Baidu encyclopedia-economic and technological development zone