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Stipulations of Dalian People's Government on Supporting the Development of High and New Technological Industries
BY 2004-03-19 09:03:11

Several Stipulations of Dalian People's Government on Supporting the Development of High and New Technological Industries

The following stipulations are purposely made in order to carry out the strategy "to revive the city with science and education", speed up progress of high and new technological industrialization and promote the development of the city's economy.

1. Income tax levied from the newly-erected high and new technological enterprise( referred to as HANTE hereafter), is all returned by the financial department at the same level in the first two years and 50% of income tax is turned in later three years.

2. After expiration of period for income tax reduction and exemption, if the value of HANTE's exported products in the current year reaches at a rate over 70% when checked and determined by taxation department.

3. Confirmed by the municipal department in charge of science and technology, income tax of newly increased profits within the first five years from hi-tech of newly increased profits made by non-HANTE or from projects reformed with hi-tech, is all returned to the enterprises by the taxation department at the same level to be used for enterprises to develop new products or transform technology.

4. Confirmed by the municipal department in charge of science and technology, portion of tax and added value tax that is levied and that is shared by locality, from hi-new-tech products in pilot or industrial trial stages, is all returned by financial department at the same level.

5. Appreciated by the municipal department in charge of science and technology, the local shares of added value tax levied from software products and marine genetic engineering products whose production reaches world and domestic advanced standard and which are of great popularizing and applied value, shall be returned according to proportion by financial department at the same level within three years from date of production. For those whose annual sales is over 8 million yuan, tax shall be returned 100%. For those over 4 million yuan ,tax is returned 50%.

6. Within three years from date of sale, income tax actually levied from newly increased profit from products that are enlisted in the state key new product plan and within two years from date of sale, income tax actually levied from newly increased profit from products that are enlisted in Dalian municipal key new product plan, shall be all returned. Certain amount of fund support shall be given by department concerned to innovate products that have marketing prospects during their R&D process.

7. Individual income tax shall be levied according to stipulation from shares rewarded or distributed to staff member of HANTE or high-and-new technical project at dividend distribution and share return.

8. HANTE that have been fully prepared, should be speed up their paces to transform into limited liability companies. Those that comply with conditions to be listed, shall be managed to list in priority. Stock held by staff members within state-own HANTE which have practiced joint-stock system, is allowed to exceed 50% of the enterprises capital stock.

9. Percentage of technical results invested as stock, if confirmed as high and new technology by municipal department in charge of science and technology, may be enlarged to 35% of capital stock.

10. Transfer of land use for HANTE or high and new technical projects, may be levied less 20-80% of charge according to the technical standard, scale of investment and intensity of investment. HANTE whose software products are of advanced standard both at home and abroad and which produce the products within specified area, can be exempted from transfer charge for land use when ratified by the city government, and installment can be practiced to other HANTE which have difficulty in payment of land use transfer charge once for all.

11. Land use tax levied within three years from land or house for newly-erect HANTE or high and new technological projects, shall be all returned by financial department at the same level.

12. Newly-built or newly-purchased business place for newly-erected HANTE or high and new technological project, shall be exempted from real estate tax within five years from date of completion or procurement made.

13. Earning of consultation and intermediate organizations that provide effective service for direct transformation of high and new technologies, if confirmed by the city's department in charge of science and technology, shall enjoy the taxation policy specially for HANTE.

14. Special favor is given to settlement, employment of their family dependents, children's education and technical title confirmation of talents urgently needed in the city's development of HANTE, especially those who bring with them high and new technology projects. Settlement quota( including children under age ) is given to and urban expansion fee is exempted for technical mainstays or high-level managerial persons under 45 who have worked in HANTE over two years, with a schooling higher than collage graduate (inclusive).

15. Registration system is practiced by industrial and commercial administrative department for technical transformation project of high and new technological results when company for the project is to set up. Lowest charge standard is practiced to all formalities for them by other governmental departments concerned.

16. The present stipulations are to be interpreted by the Municipal Reviving the City with Science and Education Leading Group Office.

17. Related confirmation methods and detailed implementation regulations can be made by the Municipal Reviving the City with Science and Education Leading Group Office in accordance with the present stipulations.

18. The present stipulations are to be implemented from date of release.

(Editor:) (From:Dalian-info.com)
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