Favorable Policies

Ò»¡¢The ventures invested by foreign business man

Foreign business men come to FU to invest, the joint ventures and cooperative venture which have the actual invest fronds more than USD1000,000 (including USD1000,000) and the single-invested ventures with more than 10 years¡¯ operation period (including 10 years) can favored the following policies:

1¡¢             Venture¡¯s income tax

Will actualize the ¡°two exempt£¬three reduce and five supplement¡± policy. That¡¯s the first two years the income tax will be exempted beginning the year of gaining, the third to fifth year it will be reduce a half and financial department will help them with a given capital which decide by the ventures¡¯ income tax (means the remain part of local government , following are the same) in these five years. Generally, it¡¯s 50% of the total income tax;

2¡¢             Customs duty and added-value tax during import

The customs duty and added-value tax handed when the ventures import the self-use equipment will be supplied by the financial department. The finger of supplement will be the customs duty and added-value tax handed when the ventures import the self-use equipment;

3¡¢             Added-value tax

The ventures which hand an actual added-value tax more than RMB1000,000(including 1000,000),  the added-value tax which compared with last year is exceeded, the government will put a premium on these ventures by the 50% part of the local remained. This favorable period will be five years long;

4¡¢             The use of land

The business man can hand the remised funds of construction land within two years by installments after the permission of the government. They also can take the method of hiring the lands and reduce to hand the hiring fee;

5¡¢             Funds assistance

To the new parts of invest industry ventures and industries items can add funds and widen shares, can actualize one-way of interest assistance by the arrangement of government according to the actual foreign funds after plunging into production. The proportion of interest assistance will be 2%-5%;

6¡¢The depreciation of fixative property

These ventures¡¯ fixative property depreciate by 12.5%;

7¡¢The technical information, communication material of light, project of biology, new material, environment protection item (according to standard of the high-new technician zone and ventures the country promulgated), the financial department will assist by given funds, which will be the confirmed added-value tax of high-new technical production handed ( the local remained income parts), beside favor the above 6 policies;

8¡¢To the foreign production items that actual foreign funds exceed USD10,000,000, high content of technology, good benefit on economy and have deep effect on adjusting our economic structure actualize ¡°one venture one policy¡± ,take the more favorable premium assistant measurement;

9¡¢The foreign invest items of production and high-new technical will favor the following policies, beside the above favorable polices: the first two years exempt from venture income tax, the next eight years the financial department give assistant, the third year to fifth year the assistant fronds will be the income tax of the venture, the sixth year to tenth year assistant fronds will be the 50% of income tax which the venture handed during these five years;

¶þ¡¢High-new technical industry

1¡¢             Assistance of funds

To the high-new technical venture which confirmed by Zhejiang province and Hangzhou City, from the confirmed date the financial assist the given funds within five years, the finger of assistant will take the last year¡¯s income tax as a base number, the new added is part of handing income tax as last year;

To the country confirmed high-new technical productions and also confirmed by province and Hangzhou city, from the confirmed date the financial assist the given funds within two years, the finger of assistant will be the added-value tax left in local, which the venture handed by the confirmed high-new technical productions as last two years¡¯ time;

2¡¢             land using

To the high-new technical items, high-new technical ventures and the transferred items from high-new technical productions, from the confirmed date the financial assist the given funds within three years, actualize more favorable in added-land using on new items, exempt to hand rent, the water, fee of added-volume and fee of electricity during construction will be levy by low part, and arrange the assets of loan interest;

3¡¢             Operating tax

To science-investigation bureaus engaging in developing high-new production and venture invest high-new production, income of engaging items transferring, technology development and the relational answering, service and studying will be exempt of handing operating tax after cognizance and book in by committee of science, after authorization of financial department. 

Èý¡¢Invest Ventures of outer place

1¡¢             Assets assistant

The produced ventures tally with Fu Yang¡¯s  and its over 5,000,000 and operating period exceed 10 years, from gaining year, it will get the assets assistant from finance department with a given assets. The first to second year the assets will be the part of venture hand on during these two years(means the part that be in region, following is the same), the third to the tenth year it will be 50% of income tax that the venture hand on during these eight years;

2¡¢Land using

To the land of the provincial science-investigation bureaus, high grade college and center of technology will furnish land by agreement in remising way, the worst land exempt the rent, fee of layout will be classy.