Investment Policy

1. Land 　　The standard prices for land transfer in economic development zone, agricultural development zone and chemical industrial zone are RMB 50,000/mu, 30,000/mu and 30,000/mu respectively. For the newly established enterprise, the prices can be discounted according to the investment scale, investment strength and technical content. 　　2. Tax 　　（1）Carry out the relevant favorable policies of enterprise tax as issued by the state, province and municipal. 　　（2）Value-added tax: for the production project with the investment to fixed assets of over RMB 10,000,000 at a time, the 2 first years' sum among the retained portion in the local tax bureau of the value-added tax paid in the 5 years by the enterprise is to be returned to the enterprise by the equivalent financial authority, while 50% of the later 3 years' sum is to be returned to the enterprise as a premium; for the industrial enterprise with the investment at a time for over RMB 10,000,000 which has obtained the provincial certification of high-tech products, the sum of the retained portion in the local tax bureau of the value-added tax paid in the 5 years by the enterprise is to be returned to the enterprise by the equivalent financial authority as a premium. 　　（3）Income tax: For the industrial project with the investment to fixed assets at a time of over RMB 10,000,000 and the infrastructure projects like energy, transportation, water conservancy, environmental protection, etc as well as the social commonweal project, the 3 first years' sum among the retained portion in the local tax bureau of the income tax paid in the 5 years by the enterprise is to be returned to the enterprise by the equivalent financial authority, while 50% of the later 2 years' sum is to be returned to the enterprise as a premium since the yielding year. 　　3．Stipulated Fees 　　For the newly-established industrial project with the investment of over RMB 5,000,000, the standard of lowest fees above municipal level is to be performed on such project and the standard of lowest fees on county level is to be performed on such project as ratified by the bureau of commodity price; for industrial project with the investment to fixed assets at a time of over RMB 10,000,000, all the administrative fees (including funds) are to be exempted from such project and half of the lowest agency service fees are to be collected from such project as ratified by the bureau of commodity price. 　　4．Miscellaneous 　　（1）For the productive project with the investment to fixed assets at a time of over RMB 50,000,000, the fees of land use and various types of stipulated fees are to be granted special favorable policies in the way of "implementing policies flexibly according to the project" and "Special Policy for Special Case". 　　（2）In case of any adjustment on the national policy, the above-mentioned policies are to be adjusted accordingly.