Preferential policies and regulations in Guizhou Province to encourage investment by foreign businessmen, overseas Chinese, and compatriots from Hong Kong, Macao and Taiwan

1. Preferences for foreign investment

(1) Taxation

1. Foreign investment in wholly-owned, joint-venture and cooperative productive enterprises ( Except for oil, natural gas, rare metals, precious metals and other resource mining projects), if the operation period is more than ten years, starting from the year when profits begin, corporate income tax will be exempted in the first and second years, and from the third to the third year. Corporate income tax will be halved for five years.

2. Foreign-invested enterprises in agriculture, forestry, animal husbandry, and foreign-invested enterprises located in economically underdeveloped remote areas shall apply for approval according to tax management authority after the expiration of the reduction and tax exemption period in accordance with the provisions of item 1. , and can continue to reduce corporate income tax by 15% to 30% in the next 10 years.

3. After the expiration of the reduction and tax exemption period in accordance with the provisions of items 1 and 2 for foreign-invested product export enterprises, if the output value of the enterprise’s export products reaches more than 70% in that year, the enterprise income tax can be levied at half the current tax rate. . For those with high foreign exchange earnings from exports, more preferential treatment may be provided upon approval by relevant departments.

4. Foreign investors who invest in advanced technology enterprises can enjoy a 50% reduction in corporate income tax for an additional three years after the expiration of the reduction and tax exemption period in accordance with items 1 and 2.

5. If foreign investors directly reinvest the profits they receive from the enterprise into the enterprise to increase the registered capital or reinvest in establishing or expanding enterprises in our province with an operating period of not less than 5 years, Upon application and approval, 40% of the corporate income tax paid on the reinvested portion will be refunded; if the profits are reinvested in establishing or expanding product export enterprises or advanced technology enterprises in our province, with an operating period of not less than 5 years, the enterprise will be refunded. If the application is approved, all corporate income tax paid on the reinvested portion will be refunded.

6. Foreign-invested enterprises are exempted from local income tax for 7 years. Investments in development projects such as energy, raw materials, transportation, communications and agriculture, establishment of product export enterprises, advanced technology enterprises, and enterprises in minority areas and remote areas are exempted from local income tax for 10 years.

7. Houses built by foreign-invested enterprises or newly-built houses purchased by foreign-invested enterprises are exempt from property tax for 1 to 3 years starting from the month of completion or purchase.

Exemption from vehicle and vessel license tax for 1 to 3 years.

(2) Foreign exchange management and fund raising

1. If the performance and quality of products produced by foreign-invested enterprises meet the requirements for replacing imported products, priority is encouraged to be adopted, and the import approval department shall Restrictions on the import of such products. Foreign-invested enterprises are allowed to collect foreign exchange when selling imported products produced by the enterprise, and the amount will be retained as a commission.

2. Foreign-invested enterprises that undertake orders for products that cannot be produced domestically but need to be imported into our province can partially or fully conduct foreign exchange settlement with the approval of the Guizhou Branch of the State Administration of Foreign Exchange.

3. When foreign-invested enterprises encounter difficulties in balancing their foreign exchange receipts and payments, under the supervision and management of the foreign exchange management department, the foreign-invested enterprises can adjust their foreign exchange surpluses and shortfalls to each other; they can also, with the approval of the foreign exchange management department, make arrangements for The competent department shall handle its own foreign exchange adjustments or enter the foreign exchange market for adjustments.

4. If a foreign-invested enterprise has temporary difficulties in its foreign exchange balance, it can apply to use RMB to purchase domestic products (except for commodities regulated by the state for unified operation) for export within a certain period. All foreign exchange received will belong to the enterprise. Solve the enterprise's foreign exchange balance.

5. When foreign-invested enterprises apply for borrowing short-term working capital and other necessary borrowing funds, loans will be given priority after being reviewed by the bank where the account is opened.

6. The Guiyang Branch of the Bank of China, the Guizhou Branch of the People's Bank of China and other designated banks can provide foreign-invested enterprises with spot exchange mortgage business and lend RMB funds. Mortgage loans can be used for working capital or fixed asset investment. After filing with the Guizhou Branch of the State Administration of Foreign Exchange, foreign-invested enterprises can also directly borrow foreign exchange funds from banks or enterprises in foreign countries or Hong Kong and Macao regions.

(3) Venue usage fees

Foreign investors investing in and establishing enterprises in our province will be given priority in providing the required venues and enjoy the following preferential treatment:

1. Enterprises with an operating period of more than 10 years are exempt from paying site use fees for 5 years. After the exemption period expires, the fee will be calculated at 2 to 3 yuan per square meter per year.

2. After the expiration of the site usage fee exemption for product export enterprises and advanced technology enterprises in accordance with the provisions of the preceding paragraph, they will be charged 1 to 2 yuan per square meter per year.

3. Those who set up enterprises in ethnic minority areas and remote areas of our province and develop their own sites will be exempted from paying site use fees.

4. If serious economic losses are caused by force majeure or other special circumstances, and it is indeed impossible to pay the venue usage fee after the expiration of the exemption period, the venue usage fee can be deferred or reduced upon application approval.

(4) Production and operation

1. Foreign-invested enterprises shall be included in the fixed asset investment plan with priority, and the resources, energy, construction materials, production raw materials, etc. required for production and operation shall be provided with priority. Communication facilities, professionals and labor force, priority will be given to arranging construction, transportation and traffic facilities; required materials will be supplied through centralized channels at the same price enjoyed by state-owned enterprises.

2. If the products produced by Sino-foreign joint ventures or cooperative enterprises have difficulties in exporting, our province can arrange for a certain proportion of them to be sold domestically.

3. Maintain and protect the production and operation autonomy and other legitimate rights and interests of foreign-invested enterprises in accordance with the law. Foreign-invested enterprises carry out legal production, operation and management activities in accordance with approved contracts, articles of association and agreements, and no department is allowed to interfere; foreign-invested enterprises have the right to independently formulate production and operation plans, revenue and expenditure budgets; and independently determine profit distribution and export product sales prices. ; Independently set up institutions, staffing, hire or dismiss employees; independently determine corporate wage standards, forms, rewards, benefits, allowances and other systems.

4. Profits, other legal income and liquidated funds obtained by foreign businessmen can be remitted abroad in accordance with the law upon confirmation by the tax authorities.

5. The workers, professional and technical personnel and management personnel (including senior managers) needed by foreign-invested enterprises shall be openly recruited by the enterprise from the public, or may be selected from personnel recommended by Chinese partners. When recruiting employees within the local area cannot meet the needs, recruitment across regions can be done.

6. Foreign-invested enterprises in our province will not be apportioned any fees except those stipulated by national laws and regulations.

(5) Customs and entry-exit management

1. In order to fulfill its product export contract, foreign-invested enterprises need to import machinery and equipment (including state-restricted imports) and vehicles for production. , raw materials, fuel, spare parts, spare parts, components, and accessories no longer need to be submitted for review and approval, and are exempted from import licenses. They are supervised by the customs and inspected and released based on enterprise contracts or import and export contracts.

2. Foreign partners import equipment and materials as investments. Among them, the state-restricted import goods can directly apply for an import goods license based on the approved contract; general equipment and materials are exempt from the import goods license. The customs will inspect and release the goods based on the approved contract and import documents.

3. Within the business scope stipulated in the approved joint venture contract, the Sino-foreign joint venture enterprise shall, within the scope of the cooperation contract project, import the machinery, equipment, spare parts, Raw materials, fuel. Among them, goods subject to national restrictions on imports must apply for an import goods license (those included in the company's annual plan can apply for them once every six months); goods that are not restricted for import are exempt from the need for an import goods license.

4. Foreign investors and their technical and managerial personnel hired from outside my country who need to frequently enter and exit my country due to production and business activities may apply for multiple entry-exit documents per year. If Chinese personnel of foreign-invested enterprises need to go outside my country to negotiate trade or conduct inspections, relevant departments should go through the approval procedures in a timely manner.