1 Provisions of Tianjin Municipality on Further Encouraging Foreign Investment
Foreign-invested enterprises can import samples of products to be put into production and display them in a bonded way after going through the relevant formalities by Tianjin Customs.
Foreign investors who invest in projects that meet the requirements of national high-tech enterprises can enjoy the following preferential policies:
(a) high-tech investment or shares, approved by the examination and approval authorities, the price is not limited.
(2) The office, experiment, production and other places in TEDA International Entrepreneurship Center of Tianjin Economic and Technological Development Zone, Tianjin Port Bonded Zone Science Park and Tianjin New Technology Industrial Park Entrepreneurship Center will implement zero rent for the projects within the "incubation period".
(3) Tianjin Economic and Technological Development Zone, Tianjin Port Bonded Zone Science and Technology Park and Tianjin New Technology Industrial Park set aside 3% of their fiscal revenue as science and technology risk funds every year to support the development of high-tech enterprises.
Foreign businessmen who introduce fine varieties and advanced technologies to develop agriculture enjoy the following preferential policies:
(1) A recognized productive agricultural high-tech enterprise whose operating period exceeds 10 year shall be exempted from enterprise income tax in the first and second years from the profit-making year; From the third year to the fifth year, the enterprise income tax will be exempted if it is levied by half, levied first and then returned; From the sixth year to the tenth year, the enterprise income tax will be levied in full and refunded in half. The actual tax rate levied by halving is not less than 10%.
(two) in Tianjin export-oriented high-tech agricultural modernization demonstration zone and Tianjin agricultural science and technology introduction and digestion center to establish a new technology and new product test base, from its operating income, within 3 years shall be exempted from agricultural and forestry special tax.
(3) Foreign-invested enterprises engaged in the development and production of six major agricultural and sideline products, such as fruits, vegetables, livestock and poultry products, sea and fresh water products, green food and craft products, are superior in variety and quality to similar products, and can drive farmers or supporting enterprises to expand their exports, and can obtain special preferential loans for agricultural industrialization.
Foreign investors in Tianjin's transportation and municipal facilities enjoy the following preferential policies:
(1) Foreign investors investing in transportation infrastructure projects and municipal public facilities projects in Tianjin shall pay enterprise income tax at a reduced rate of 15% with the approval of the municipal tax department, and the business tax shall be fully refunded year by year with the approval of the municipal finance department.
(2) If the business period of the enterprise mentioned in the preceding paragraph exceeds 15 years, with the approval of the municipal finance department, the enterprise income tax will be fully returned year by year within five years from the profit-making year; Starting from the sixth year, the enterprise income tax will be halved year by year within five years.
2. Relevant national policies and regulations (compiled according to relevant national regulations)
First, encourage foreign-invested enterprises to develop innovative technologies and expand domestic procurement.
(1) For the technological transformation of established encouraged and restricted B-type foreign-invested enterprises, foreign-invested R&D centers, advanced technology-oriented and export-oriented foreign-invested enterprises, the import of domestic self-use equipment and its supporting technologies, accessories and spare parts that cannot be produced or whose performance cannot meet the needs within the original approved production and operation scope shall be exempted from import duties and import link tariffs.
(2) If a foreign-invested enterprise purchases domestic equipment within the total investment, which belongs to the duty-free catalogue, it can fully refund the value-added tax on domestic equipment and deduct the enterprise income tax according to relevant regulations.
(3) Foreign-invested R&D centers shall be exempted from technology transfer business tax according to domestic scientific research institutions.
(four) foreign enterprises to transfer technology to China, where the technology is advanced or the conditions are favorable, may be exempted from business tax and enterprise income tax with the approval of the the State Council tax authorities; Income from technology transfer obtained by foreign-invested enterprises shall be exempted from business tax.
(5) If the technology development expenses of foreign-invested enterprises increase by more than 10% (including 10%) over the previous year, with the approval of the tax authorities, 50% of the actual amount of technology development expenses in that year is allowed to be deducted.
(6) With the approval of the tax authorities, the old foreign-invested enterprises established before the end of 1993 can be allowed to export goods, and before the end of 2000, they can choose to implement the policy of "no levy, no refund or no subsidy" (only one can be selected).
Second, encourage the expansion of exports.
(a), the use of various economic means to further support exports.
1, further increase the tax rebate rate for some export commodities, with effect from 1 July 9991. The export tax rebate rate of high-tech products shall be implemented at the VAT rate.
2. Relevant commercial banks should give priority to supporting working capital loans required by export enterprises according to the principle of credit, and appropriately increase foreign exchange loans for imported materials and parts; For export enterprises with strong strength, good benefits and abiding by contracts and keeping promises, a certain export credit line will be given after credit rating.
3, cancel the audit of export settlement and entry of enterprises, and the current account foreign exchange income of enterprises can be directly settled and entered into the bank. 4. Relax the restrictions on the issuance of export verification forms.
(2) Standardize the management of processing trade.
1. Implement and gradually improve the classification management standards for processing trade enterprises as soon as possible, encourage enterprises to strive for Class A enterprises, stop implementing the bank deposit account system for processing trade enterprises that have been assessed as Class A and meet the standards, and simplify management procedures.
2. Suspend the administration of import quotas for sugar, vegetable oil, natural rubber and wool imported from processing trade, and include the list of commodities restricted by processing trade in bank deposit accounts, which will be strictly supervised by the customs.
3. In order to reduce the burden on enterprises, the "real transfer" enterprises are allowed to pay the deposit or provide various forms of guarantee.
4 to carry out the establishment of standardized and closed export processing zones, and gradually guide export processing enterprises to concentrate in bonded areas and export processing zones. In the designated area, the "domestic customs clearance" management system is implemented and supervised by the customs. Materials transported from the area to the area are regarded as exports, and tax rebates are given according to regulations. At the same time, measures should be taken to prevent enterprises from transporting unsold goods into the area for storage. Products shipped out of the area are regarded as imports, and import duties and import link taxes are levied according to the tax rate used by the products. Value-added tax is not levied on value-added processing in the region.
(3) Simplify the management procedures of import and export links and reduce costs.
1, regulate import and export link charges. Narrow the legal inspection scope of import and export commodities, clean up import and export inspection and quarantine and port operation fees, prohibit arbitrary charges, cancel repeated charges, reduce the overall scale of administrative fees, and formulate new management measures and charging standards for inspection and quarantine fees.
2. Further simplify the management procedures of all export links, and all customs should speed up the customs clearance of export commodities; The tax authorities should speed up the progress of tax refund.
Three. Supplementary provisions on the establishment of foreign-invested investment companies
(1) The registered capital of the investment company shall not be less than USD 30 million, and the loan amount of the investment company shall not exceed 4 times of the paid-in registered capital. An investment company that intends to borrow more than four times the paid-in registered capital due to business needs must report to the Ministry of Foreign Trade and Economic Cooperation for approval.
(2) Encourage investment companies to set up R&D centers or departments in China, engage in R&D of new products and high technologies, transfer their R&D achievements, and provide corresponding technical services.
(3) An investment company may sell the products produced by its invested enterprises in domestic and foreign markets through agency or distribution. (4) The investment company can provide comprehensive services such as transportation and storage for the invested enterprises.
(5) Investment companies may purchase export goods in China that do not involve the administration of export quotas or export licenses.
Fourth, increase financial support for foreign-invested enterprises.
(1) Chinese-funded commercial banks are allowed to accept guarantees from foreign shareholders when foreign-invested enterprises raise funds in China. Foreign-invested enterprises are allowed to apply for RMB loans from domestic Chinese-funded designated foreign exchange banks by way of foreign exchange pledge, and all foreign exchange funds of foreign-invested enterprises can be pledged; Rmb loans under foreign exchange guarantee can be provided with credit guarantee by overseas financial institutions or domestic and foreign financial institutions; Cancel the registration procedures under foreign exchange pledge and foreign exchange guarantee, and cancel the special restrictions on the credit rating of foreign banks providing foreign exchange guarantee. Renminbi loans guaranteed by foreign shareholders and foreign exchange should conform to industrial policies and can be used to meet the needs of fixed assets investment and liquidity, but not to purchase foreign exchange. The term of RMB loans guaranteed by foreign exchange shall not exceed five years at the longest.
(2) Set up a special industrial investment fund to alleviate the problem of insufficient Chinese equity capital when the existing foreign-invested enterprises increase their capital. At the same time, domestic Chinese-funded commercial banks are allowed to issue no more than 50% equity loans to Chinese shareholders for a period of no more than 65,438+00 years on the premise that the equity capital to be increased by foreign shareholders of Sino-foreign joint ventures and cooperative enterprises is in place simultaneously.
(3) Domestic foreign-invested enterprises are allowed to provide mortgages to overseas branches of domestic Chinese banks with the overseas assets of their foreign investors, and loans are granted to them by overseas branches or domestic branches of Chinese commercial banks.
(4) Eligible foreign-invested enterprises may apply for issuing A shares or B shares.
(five) to provide political risk insurance, performance insurance, guarantee insurance and other insurance services for foreign investors investing in energy, transportation and other fields encouraged by the state.
Five, to further improve the management and service of foreign-invested enterprises.
(1) Appropriately reduce the restricted items in the Catalogue of Industries for Foreign Investment, such as requiring the Chinese side to hold the shares, and not allowing wholly foreign-owned enterprises.
(2) All foreign-invested projects that are encouraged and do not need comprehensive national balance shall be examined and approved by the provincial people's government and reported to the State Planning Commission, the State Economic and Trade Commission and the Ministry of Foreign Trade and Economic Cooperation for the record. Relevant departments and local people's governments in the State Council should further simplify the examination and approval procedures for foreign-invested projects and enterprises and speed up the examination and approval.
(3) to further improve the online verification system for the authenticity of foreign exchange sales under current account, and shorten the review time;
Foreign-invested enterprises can go through the formalities of sale and payment of foreign exchange under technology introduction with the technology transfer agreement and approval documents when the enterprise is established.
Enterprises with foreign investment may convert the deposits in foreign exchange settlement accounts into time deposits within the limits. According to the principle of territorial management, we will decentralize the examination and approval authority of capital account settlement and cancel the filing and registration system of capital account settlement.
(four) gradually narrow the scope of compulsory value appraisal of imported equipment by foreign-invested enterprises, improve the appraisal methods, and cancel the compulsory value appraisal of imported equipment by wholly foreign-owned enterprises. Standardize customs management, improve work efficiency and speed up customs clearance. Resolutely stop arbitrary charges, random inspections and various assessments of foreign-invested enterprises.
(five) foreign-invested enterprises that have obtained the land use right by means of transfer shall no longer pay the site use fee.
(6) Pay close attention to the policies and regulations of foreign-invested enterprises, adjust relevant policies and regulations that are not conducive to attracting foreign investment as soon as possible, and improve the system of laws and regulations on foreign investment.
Tianjin Municipality on Further Supporting the Development and Attraction of Enterprises
(a) the profits realized by the confirmed national new products and patented products shall be exempted from enterprise income tax within three years from the date of sale; The profits realized by the recognized municipal new products shall be exempted from enterprise income tax within two years from the date of sale.
(2) In order to attract foreign investors to set up R&D institutions in our city, with reference to the fiscal and taxation policies of state-owned R&D institutions, business tax and enterprise income tax are temporarily exempted for technology transfer and technical consultation, technical service and technical training related to technology transfer of foreign-invested high-tech R&D institutions. The preferential policies for enterprise income tax of foreign-invested enterprises and units take the form of first levy and then return.
(three) the profits realized by foreign investment in high-tech research institutions and the expansion of new product pilot projects shall be implemented with reference to the new product income tax policy of domestic-funded enterprises in our city.
(four) all kinds of investment companies in this city invest in high-tech industrialization projects in our city, and the investment amount reaches more than 25% of the capital of the invested enterprise, and their profits are exempted from enterprise income tax; The investment company's own taxable profits are deducted by 50% of the profit distribution, and the enterprise income tax is reduced for three years.
(5) After the new product is put into production successfully, the enterprise can extract incentive funds from the cost at the rate of 5% of the new net profit of the new product for three consecutive years to reward the personnel who have made important contributions to the development of the new product.
Fiscal and tax policies to encourage foreign investors to invest in our city;
(1) In the process of enterprise reorganization of Sino-foreign joint ventures, if one party sells the land and the original real estate on the land at a fixed price, the transfer income obtained by the transferor shall be exempted from business tax; The transferee shall be exempted from deed tax when handling the transfer formalities of land and real estate ownership on the ground.
(2) For foreign investment banks, insurance companies, law firms, accounting firms and senior consulting companies in our city, newly purchased self-built office buildings are exempt from deed tax and urban real estate tax for one year. Banks and insurance companies are exempt from local income tax from profit-making years. Law firms, accounting firms and senior consulting firms shall be exempted from enterprise income tax from the first year to the second year as of the date of opening.