Incentive Policies for Investment in Key Industries in Weifang
2011-01-19 11:21:16   来源：   评论：0 点击：

Incentive   Policies for Investment in Key Industries in Weifang　　　　

Chapter 1 General Provisions

　　Article 1 Key industrial projects, invested in the administrative region of Weifang in compliance with the State’s industrial policies, and falling into the categories of high-tech, modern services, modern agriculture, the cultural industry, energy saving and environment protection and public services, shall enjoy the preferential policies hereby stipulated while enjoying the preferential policies formulated by the State and the Province.

　　Chapter 2 Policies of Subsidies for Project Investment

　　Article 2 Projects in compliance with the following conditions will enjoy the priority and major support, and will be subsidized by the government upon verification. The amount of the subsidy for land use shall be within the quota of land use, that is, equivalent amount of subsides from the net profit for the government at municipal and county levels of the actual submitted cost of land, deducted relevant expenses prescribed by the State. The project shall be subsidized by 20% upon commencement, and the rest 80% shall be subsidized after the operation and upon examination and verification. After being put into production and operation, the project shall be subsidized by 80% within three years for the part which is submitted for the tax of added value and business tax kept by the local government; the amount submitted for the enterprise income tax, among which the part kept by the local government shall be subsidized with the same amount each year within five years. After the project is put into production and operation, the construction expenses of infrastructures shall be collected in full amount and reimbursed by 100%.

　　1. high-tech and environment protection projects with a fixed asset investment of over RMB 50 million (RMB 50 million included, hereinafter the same), and the investment intensity shall reach RMB 15 million per mu;

　　2. large-scale modern logistics projects with a fixed asset investment of over RMB 100 million;

　　3. tourism development projects with a fixed asset investment of over RMB 100 million (development of residence and shops excluded);

　　4. five-star hotels or more luxury ones;

　　5. chain operation of the domestic top 100 or provincial top 20 retail enterprises with a fixed asset investment of over RMB 100 million and a business area of over 30,000 square meters;

　　6. investment in call centers with over 1,000 seats and other outsourcing service projects with an annual business volume of over RMB 100 million;

　　7. 5A business building with a development area of over 50,000 square meters and with a cost of RMB 5,000 per square meter (supporting facilities and land included);

　　8. large scale entertainment places with a fixed asset investment of over RMB 200 million;

　　9. causes for public welfare with a fixed asset investment of over RMB 50 million, such as the construction of public facilities, education, medical care and public health, culture and social undertakings;

　　10. key industrial projects with a fixed asset investment of over RMB 50 million and invested by enterprises from World Top 500 or China top 200, and supported by this stipulation;

　　11. further processing of agricultural products, bio-fertilizer, farm chemicals, processing of agricultural implements, and development of high quality seeds whose fixed asset investment exceeds RMB 50 million.

　　Article 3 Projects in compliance with the following conditions shall enjoy the ordinary support, and shall be subsidized by the government upon verification. The amount of the subsidy for the land use shall be within the quota of land use, that is, subsides by 50% from the net profit for the government of municipal and county level of the actual submitted cost of land, deducted relevant expenses prescribed by the State. The project shall be subsidized by 10% upon commencement, and 40% shall be subsidized after the operation and upon examination and verification. After being put into production and operation, the project shall be subsidized by 50% within three years for the part which is submitted for the tax of added value and business tax kept by local government; the amount submitted for the enterprise income tax, among which the part kept by the local government shall be subsidized with the same amount each year within the first two years, and 50% for the latter three years. After the project is put into production and operation, the construction expenses of infrastructures shall be collected in full amount and reimbursed by 50%.

　　1. high-tech and environment friendly projects with fixed asset investment between RMB 30 million and 50 million, and the investment intensity reaches RMB 15 million per mu;

　　2. large scale logistics with fixed asset investment between RMB 50 million and 100 million;

　　3. tourism development with fixed asset investment between RMB 50 million and 100 million (development of residence and shops excluded);

　　4. four-star hotel;

　　5. chain operation of the domestic top 100 or provincial top 20 retail enterprises with fixed asset investment between RMB 50 million and 100 million and business area over 20 thousand square meters;

　　6. investment in the call center with 500 to 1,000 seats and other outsourcing service projects with an annual business volume between RMB 50 million and 100 million;

　　7. 5A business building with a development area between 30,000 and 50,000 square meters and with a cost of RMB 5,000 per square meter ( supporting facilities and land included);

　　8. large scale entertainment places with fixed asset investment between RMB 100 billion and 200 million;

　　9. causes for public welfare with the fixed asset investment between RMB 30 million and 50 million, such as the construction of public facilities, education, medical care and public health, culture;

　　10. key industrial projects with the fixed asset investment between RMB 30 million and 50 million, and invested by enterprises from World Top 500 or China top 200, and supported by this stipulation;

　　11. further processing of agricultural products, bio-fertilizer, farm chemicals, processing of agricultural implements, and development of high quality seeds whose fixed asset investment stands between RMB 30 million and 50 million.

　　Article 4 After the above-provincial-level regional headquarters of newly-introduced financial institutions such as banking, insurance and securities organizations, and newly-established group corporations headquarters situated outside the city and branches established by listed holding companies (management headquarters, R&D headquarters, sales headquarters and so on) and venture capital companies have been put into operation and paid the local part of business tax, they shall be subsidized 80% of the payment within three years.

　　After the city-level branches of newly-introduced financial institutions such as banking, insurance and securities organizations have been put into operation and paid the local part of business tax, they shall be subsidized 50% of the payment within three years.

　　Article 5 After a real estate project obtains a total investment of over RMB 500 million and a one-off developing construction area reaches 300,000 square meters have paid the local part of business tax and corporate income tax, they will be subsidized 10% of business tax and 20% of corporate income tax within three years.

　　Article 6 After service organizations, such as the newly registered and established law firms, accounting firms, consulting companies, human resource intermediary agencies, professional technical training organizations, financing and leasing, cooperation and service center of universities, etc. have been put into operation and paid the local part of business tax, they shall be subsidized 50% of the payment within three years. After they have paid the local part of corporate income tax, they shall be subsidized with an equal amount during the first two years, and shall be subsidized 50% of the payment during the following three years.

　　Article 7 Projects of five-star hotels or above and hotel-invested enterprises shall obtain financial assistance. Platinum five-star hotels shall obtain a reward of RMB 3 million, five-star hotels 2 million. After hotels have been completed, they shall be awarded 20%, after hotels have obtained the star-level qualifications, they shall be awarded 80%.

　　Article 8 Since the day of listing of an enterprise, in case that the annual submitted tax to the local government has exceeded 20% of that of the previous year, the enterprise shall be subsidized 50% of the payment each year within three years.

　　Upon verification of the amount of financing (publication expenses deducted, hereinafter the same), rewards shall be awarded by 1.5‰ to those corporations initially listed within and without the Province. Where the listed corporations make re-financing, including allotment of shares, additional issue, directed additional issue, issuance of bonds, increasing the investment and shares, in case that the amount of re-financing exceeds RMB 100 million, RMB 100,000 shall be awarded; in case that the amount of re-financing exceeds RMB 500 million, RMB 200,000 shall be awarded.

　　In the process of reform of a limited company, one-off taxes of the land and property transfer kept by the local government, and the enterprise income tax from the appreciation of asset evaluation kept by the local government shall be subsidized with the same amount by the financial department at the same level. Other expenses of transfer shall be collected by half according to the regulations of the State. In listing, the after payment of the enterprise income tax due to the regular adjustment of the previous income tax or taxable income and kept by the local government shall be subsidized at the same amount by the financial department after the listing of the enterprise.

　　Article 9 Staff introduced by newly established organizations who meet the following standards shall be subsidized by 50% each year within five years from the day of introduction, according to the proportion of his individual income tax submitted and kept by the local government.

　　1. top management staff above the deputy general manager of the newly introduced bank, insurance, or securities; top management staff above the deputy general manager of the newly introduced group headquarters, listed holding company, and their affiliations (management department, research center, sales department, etc.);

　　2. top management staff above the deputy general manager of the newly introduced World Top 500 or China top 200;

　　3. newly introduced leading scholars in research centers.

　　Article 10 In case that existing enterprises start expansion projects stipulated in Article 2 and Article 3 and are devoid of independent accounting, they shall pay taxes according to 25% increase compared with the previous year in terms of actually paid value-added tax, business tax and corporate income tax.

　　Chapter 3 Policy of Subsidies for Attracting Investment

　　Article 11 Counties, districts and development zones in the city where the project is located shall be responsible for the formulation of relevant policies of subsidies and pay the subsidies for attracting investment to the recommender of the investment to the new project.

　　Article 12 With regard to the project which is introduced from the outside of the administrative region to locate in the downtown, and which is in compliance with the following conditions, the municipal financial department shall grant the lump sum subsidies for attracting investment to the recommender.

　　1. The subsidies shall be RMB 5 million to the project with an investment of RMB 700 million (USD 100 million);

　　2. The subsidies shall be RMB 1 million to the headquarters above the provincial level for financial organizations, such as the banking, insurance, and securities organizations.

　　3. The subsidies shall be RMB 1 million to the supported key industrial project with a fixed asset of over RMB 50 million or invested by the enterprises from the World Top 500 or China Top 200.

　　4. The subsidies shall be RMB 500, 000 to the newly established headquarters of the group from outside the city, headquarters of the listed corporation, or the business initiative and investment company.

　　5. The subsidies shall be RMB 500,000 to the real estate project introducing real estate development enterprises of China Top 50, with a total investment of over RMB 500 million, and a one-off development and construction area covers over 300,000 square meters.

　　6. The subsidies shall be RMB 500,000 to the projects stipulated in Article 2.

　　7. The subsidies shall be RMB 300,000 to the projects stipulated in Article 3 and Article 6.

　　Chapter 4 Supplementary

　　Article 13 Key projects supported by the state shall be given priority in allocating construction land, and the government shall procure its products and services under the same conditions. When dealing with the right of land use, the enterprises, which enjoy the preferential policies, shall report to relevant government for approval.

　　Article 14 Specific provisions may be formulated by counties, districts and development zones of the city pursuant to this regulation.

　　Project with huge investment and great influence upon financial resource construction and economic development shall be granted more preferential policies.

　　Article 15 The preferential policies, rewards and subsidies prescribed in Article 2 shall fall into the responsibility of the financial department of the city and the county level (the development zone under the control of the city included) in accordance with the prevailing financial system.

　　Article 16 The same subject shall not enjoy double subsidy in Chapter 2 of this provision expect those stipulated in Article 7.

　　Article 17 Under the leadership of the Municipal Investment Promotion Bureau, relevant departments shall form an examination group to participate in the examination and confirmation of a project.

　　Article 18 In case that plagiarism is found on honors and subsidies, the enterprise shall be disqualified for subsidies and rewards, and the person in charge and relevant parties shall be under investigation for their responsibility.

　　Article 19 Specific provisions shall be formulated by the Municipal Investment Promotion Bureau together with relevant departments.

　　Article 20 This provision shall enter into force since the day of the promulgation and cease to have effect on May 31st, 2011. Where discrepancies are found between existing provisions and this provision, the present provision shall prevail. This provision shall be construed within the responsibility of the Municipal Investment Promotion Agency.