沈阳市招商引资优惠政策汇编(英文)

Compilation of Preferential Policies for Investment Production

In Shenyang

I. Preferential Taxation policies Stipulated by the State

(I) Preferential Policies for Foreign-invested Enterprise and Foreign Enterprise Income Taxes

1. Those foreign-invested productive enterprises established in the Economic and Technological Development Zone shall pay the income tax at 15 percent.

2. Those foreign-invested productive enterprises established in the old urban district of the city where the Economic and Technological Development Zone is located should pay the income tax at 24 percent.

3. Those foreign-invested enterprises established in the old urban district of the city where the Economic and Technological Development Zone is located, which belong to energy, communications, port, wharf or other projects encouraged by the state may pay the income tax at 15 percent.

4. A foreign-invested productive enterprise scheduled to operate for a period of 10 years or more shall be exempt from income tax in the first and second profit-making year and allowed a 50 percent reduction of income tax in the third to fifth years, however, the petroleum, natural gas, ore metal and precious metal resources exploration project shall follow the provisions stipulated separately by the State Council. A foreign-invested enterprise, which operated for less than ten years actually, should pay back the income tax exempted and reduced.

5. For foreign-invested industries and projects that are encouraged by the state, the municipal and district people’s governments can decide exemption or reduction of local income r tax in line with actual conditions.

6. If the foreign-investors of foreign-invested enterprises use the profits earned by the enterprises to directly reinvest in the said enterprises, to increase the registered capital or use the said profits as investment capital to set up other foreign-invested enterprises, and have operated such an enterprise for no less than five years, they will receive a rebate amounting to 40% of their duly paid income tax after they file an application and get approval by the taxation authorities. In case the state council has formulated other preferential provisions, the same shall be applied. Those that have withdrawn the reinvestment in less than five years shall pay back the tax refunded.

7. Losses incurred by foreign-invested enterprises and foreign enterprises involved in production and operation with organizations and branches in the Chinese territory in a tax year may be carried over to the next year and made up with a matching amount drawn from that year’s income; should the income in the subsequent tax year be insufficient to make up for the said loses, the balance