BIZCHINA / Investment
Preferential policies for foreign investors in Dalian
(dalian-gov.net)
Updated: 2006-05-10 10:45
State regulations provide that the income tax for enterprises with
foreign investment is 30% of the taxable income, yet for those
enterprises operating within the jurisdiction of Dalian municipality
enjoys a favorable tax rate of 24%, and enterprises operating within
those pilot zones enjoys an even more favorable rate of 15%.
Any enterprise with foreign investment of a production nature scheduled
to operate for a period of not less than ten years shall, from the year
beginning to make profit, be exempted from income tax in the first and
second years and allowed a fifty percent reduction in the third to fifth
years. These enterprises shall also be exempted from local income tax,
which is 3% of the taxable income for seven years.
For those enterprises that export their products, after the above
favorable treatment period expires, the rate of corporate income tax
shall be 12% if 70% or more of their total product value in the year are
exported, and this rate is 10% for enterprises in the Pilot Zones.
Technically advanced enterprises can enjoy three more years of favorable
corporate income tax rate of 12% after the above tax benefits period
expires, and for the enterprises operating in the Pilot Zones can enjoy
an even more favorable rate of 10%.
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