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Enterprises operating in Zibo New & High-tech Industrial Development Zone can receive all of the favorable policies of the national level of high and new development zones concerning project procedure fee, land price, value added tax, income tax, and sales tax. Furthermore, they can also receive all of the supporting favorable policies provided by Zibo New High-tech Industrial Development Zone.
Project Fee:
The industrial projects, which reach the standard of entering the high ¨Ctech zone, are not required to pay the fee for the governmental service, and the foreign investment registration and approval fees are also exempt for foreign ventures.
Land price:
The land implements floating prices based on the scientific technology content ,the scale of investment, and the future benefits of projects.
Value Added Tax£º
As a corresponding capital support, equivalent to 15% of the value added tax paid by the enterprises, is (returned) provided to the enterprises for the period of three years.
Income Tax£º
1. Foreign invested enterprises and high and new technological enterprises: Starting from the profitable year, corresponding capital support, equivalent to all of the local part of the income tax paid by the enterprises within 3-8 years and the local part of the enterprise income tax exceeding 50% starting from Year four, is provided to the enterprises.
2. Other new enterprise: Starting from the profitable year, corresponding capital support, equivalent to all of the local part of the income tax paid by the enterprises within 2 years and the local part of the enterprise income tax exceeding 50% starting from Year three to Year four, is provided to the enterprises.
Sales Tax£º
Corresponding capital support, equivalent to all of the local part of the sales tax paid by the enterprises, is provided to the enterprises within two years, and 50% from Year three to Year five.
Other Items of Local Taxes£º
Corresponding capital support, equivalent to 60% of all other items of local taxes paid by the enterprises, is provided to the enterprises within three years.
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