Preferential Investment P01icies

    In order to encourage overseas business peopIe and people from all sectors of society to make investments and start business in this County and to promote the County¡¯s fast£¬healthy and sustainable economic development£¬the following articles of preferential treatment are made in accordance  with  laws£¬  state  regulations  and  directives  by  leadjng government organizations£º

    1£®Any production enterprise to be eslabfished with an investment£¬located and operated in this County for ten years or more shall£¬during the firsl five years after the date of its going into production£¬be entitled to a full refund of lhe locally retained part of the income tax it has paid£¬and entitled to a half refund of the part of income tax of the same nature as above during the subsequent five years£®When this period of ten years has elapsed£¬any high technology enterprise or any enterprise whose annual value of exports accounts for 50£¥ or more of its outpul value of the year shall be entitled to a half refund of the part of income tax of lhe same

nature as above for another th ree years.

the firsl five years after the date of its going into production and a half refund of the part of the value-added tax of the same nalure

as above for the subsequent five years£®

    3£®Any production enterprise shall be entitled to a 50£¥refund for the first year and a 30£¥refund for the second year of the

locally retajned part of the business tax it has paid after the date of its going into production£®

    4£®Any enlerprise that has reinvested its profit or expanded its operation and has operated not less than five years£¬upon relevant approval£¬shall be entitled to a 50£¥refund of the income tax it has paid for the reinvestment and/or a full refund of the income tax it has paid for the reinvestment made in a high technology project or an export product project£®

    5£®Any high technology enlerprise or any exporting enterprlse shall be enlitled to a full refund of the land use tax it has paid

during the first five years after the date of commencement of its land use lease and this type of refund may be extended to a period

of ten years£®

    6£®  The  right  to use  state¡ªowned  land  shall  be  valid  for 40  to 50  years  depending  on  the  nature  of the  usage£®

    7£®Any person or pe rsons who has helped bring in funds or a project for the lndustrial Zone shall be entitled to a 1£¥to 2£¥

award by the Counly government on the basis of the amount that has been paid£®(Separate measu res shall be established for the

implementation of this article£®)

    8£®The ju ridical person of any enterprise inside the lndustrial Zone shall be awarded by 1£®5£¥of the amount of the local tax

(includin9 the local retain of the value¡ªadded tax)it has paid in a year if the amount is less than 500£¬000 RMB£¬or by 2£¥of the taxamount if the amount is 500£¬000 RMB or more£®The award shall be made by the Finance Department of the County£®

    9£®The Management Commission of Fengtai County lndustrial Zone shall provide a complete range of service with follow-up for any enterprise to be located in the lndustrial Zone from its early project preparations£¬review and approval procedures£¬planning£¬construction up to its operation and daily management£®A low rate of administrative fee shall be applicable to such enterprise  by  registralion.No  other government  agency or organization  may  make  any  administrative  charge  to  such enterprise in the lnduslrial Zone and such enterprjse may entrust the  Management CommissiOn with  its  payments of various

relevant fees and charges£®

    10£®Any project or event that has made an extraordinary

contributton to the County¡¯s economic and social development

shall  be  entitled  to  certain  preferential  treatment  on  an