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Preferential Policies

2012-03-31

Preferential Policies for Investment Promotion of Laiwu City (for Trial Implementation)

In order to further optimize the policies to attract large projects or good projects to settle in Laiwu, efforts to promote investment to achieve new breakthroughs should be made. For the newly-built industrial enterprises, high-tech enterprises and modern service industry enterprises, which are supported by foreign investment, the following preferential policies are offered:

 

I. Policy on Financial Rewards

(I) If an industrial project is invested in and built in Laiwu, the land limit should be confirmed according to the stated plot ratio and the criteria that the fixed assets investment is not less than 1.6 million yuan per mu.

 

1. When the fixed assets investment is more than 100 million yuan (or 10 million dollars) and less than 500 million yuan (or 50 million dollars), after the enterprise one-time pay the full land transferring fees, part of which is deducted by the provincial or above fees, the compensation fees to the peasants for land expropriation and the provision funds which is set by the state and the province, the rest is rewarded to the enterprise by the financial department of the same level according to the local portion of the prescriptive and actual paid tax that year until it is finished.

 

2. When the fixed assets investment is more than 500 million yuan (or 50 million dollars), after an enterprise one-time pay the full land transferring fees, the enterprise is rewarded by the financial department of the same level according to the local portion of the prescriptive and actual paid tax that year until it is finished.

 

(II) If there is no new requisition of construction land or if the enterprises are not willing to enjoy the policy on financial rewards (I), this policy can be enjoyed.

 

1. For a newly-built industrial enterprise, whose annual amount of tax is above 1 million yuan, the financial department of the same level offers 100 percent of the local portion of the prescriptive and actual paid income tax that year as a reward in two years since the year that the enterprise goes into production; while in the third to fifth year, the financial department offers 50 percent of that as a reward.

 

2. If a newly-built service industrial project belongs to culture, tourism, business, logistic, etc, whose annual amount of tax is above 0.5 million yuan, the financial department of the same level offers 100 percent of the local portion of the prescriptive and actual paid income tax that year as a reward in two years since the date that the project goes into operation; while in the third to fifth year, the financial department offers 50 percent of that as a reward.

 

3. For a newly-built high-tech or a strategic emerging industrial enterprise, whose annual amount of tax is above 1 million yuan, the financial department of the same level offers 100 percent of the local portion of the prescriptive and actual paid income tax that year as a reward in five years since the year that the enterprise goes into production.

 

4. For a newly-built financial service institution, the financial department of the same level offers 100 percent of the local portion of the prescriptive and actual paid income tax that year as a reward in two years since the date that the institution goes into operation.

 

II. Preferential Policy on Charges

The charges mainly contain administrative fees, service fees and intermediary service fees, etc.

 

(I) If a newly-built enterprise is in the registration and construction period, the administrative fees at the municipal level or below (except the urban infrastructure fees on behalf of the gas and heating companies and the water companies) and the service fees will be exempted, the intermediary service fees will be charged by the lowest level, and the administrative service fees at the provincial level or above will be charged by the prescriptive lower limit.

 

(II) The financial department establishes the special window for charges, where the concerning charging items are listed to make a unified, transparent and fair charging system, including the content, standard and basis. Enterprises directly pay the fees to the window for financial charges. Any department can not set up a separate charge window under any names.

 

III. Other Policies

(I) As for the leading projects, strategic emerging industrial projects, important investment projects and high-tech projects, which are related to the city's overall economic development and economic restructuring, the method “One Case One Meeting” is carried out. And more favorable policies can be offered in financial rewards and charges.

 

(II) As for the fulfillment of the financial reward policy, the taxpayers declare the project in the first quarter of next year; the Municipal Assessment Office organizes concerning departments to identify the project and the amount of the capital invested; the Municipal Tax Department issues the tax documents; the Municipal Land Department issues the proof of land use; and the Municipal Finance Department checks and makes it. The rewarding capital for projects is in advance paid by the Municipal Finance Department, and then it is divided into proportion by the financial capabilities of the municipal government and the governments of all the districts, zones or areas and is respectively afforded.

 

(III) This policy comes into force from the date of promulgation. The Municipal Investment Promotion Bureau is responsible for the explanation. If the former policy is inconsistent with this policy, this policy should be executed. As for the former projects supported by foreign capital, the former policy should be executed. All the Districts, the High-Tech Zone, Xueye Tourist Area and all the Towns (Streets) do not make other investment promotion preferential policies any longer in principle.

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