of High and New Technological Industries
BIZCHINA / Policies
Stipulations of Dalian People's Government on Supporting the Development
of High and New Technological Industries
(Dalian-info.com)
Updated: 2006-05-10 14:54
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.
(For more biz stories, please visit Industry Updates)
Most Popular Stories in 48 Hours
� Foreign firms look to hotel sector
� Steelmakers to reject 19% iron ore hike
� Talks start over gov't contracts
� Boeing expects B747-8 success in Asia
� Money supply growth still climbing
Today's Top News
� 21 killed, 1mln evacuated as typhoon hits S.China
� FM brands spying claims 'fictitious'
� US gov't limits Chinese computers use
� Chairman Mao portrait up for auction
� Pay rises by 16% for State sector workers
Top Biz News
� China bans import, export of endangered species
� China Mobile in talks with Google to add Web services
� UK offers aid to improve life in poorest areas
� Nation's first A380 pilot to receive training
� Export of fishery workers to Taiwan resumed
Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.
Chinese School
