简体   繁體   English   Francais   日本語   无障碍版   手机版

 

HOME   - Government   - Official Release  

CQ Webcasts

Preferential Policies for Promoting Inward Investment In Chongqing Lianglu-Cuntan Bonded Port Zone

To promote inward investment in Chongqing Lianglu-Cuntan Bonded Port Zone (“the Zone”), to better facilitate sizeable domestic and international investors to establish their presence in the Zone and to promote the open economy in Chongqing and the western China, the following preferential policies (“the Policies”) are formulated in accordance with relevant legislation and regulation in addition to relevant preferential policies eligible in Chongqing.
 
The Policies apply to the area as defined by the boundary coordinates provided in the Official Reply of the State Council of the People’s Republic of China on Establishing Chongqing Lianglu-Cuntan Bonded Port Zone (GH [2008] No.100).
 
Chapter I      Taxation and Regulatory Issues for Import and Export
 
1. Unless otherwise specified by any legislation or regulation, foreign goods entering the Zone will be bonded.
 
2. Value added tax and exercise duty on trading of goods by enterprises registered in the Zone will be exempted; value added tax and exercise duty on goods exported by enterprises registered in the Zone will be exempted. The value added tax levied on water, power and gas (steam) used by manufacturers of goods for export registered in the Zone shall be refunded according to the export rebate rate applicable to water, power and gas (steam) specified in current policies.
 
3. Domestic goods entering the Zone are deemed as exported goods and shall be eligible for the export rebate rate applicable to exported goods specified in current policies.
 
4. Raw materials purchased in China for manufacturing goods for export by the manufacturers registered in the Zone, for which the export rebate have been cancelled, may be eligible for a rebate based on the statutory rate on value-added tax provided that the manufacturer presents such evidence as customs declaration for exported goods signed and issued by the Customs. If the export rebate rate for raw materials purchased in China for manufacturing goods for export by the manufacturers registered in the Zone has been changed, the changed rebate rate shall apply.
 
5. Goods sold in China but not in the Zone shall be subject to the customs declaration procedure for import and shall be subject to import tax applicable to the goods so sold.
 
6. Unless otherwise specified by any legislation or regulation, tariffs and import tax on the following foreign goods entering the Zone will be exempted: machinery and equipment required for construction of production infrastructure in the Zone, materials for construction of production buildings and warehousing facilities, machinery, equipment, tooling, service parts and spares for manufactures registered in the Zone, a reasonable quantity of office supplies used by enterprises and administrative agencies in the Zone.
 
7. Unless otherwise specified in laws, regulations and rules, import and export quota and license requirement shall not apply to goods being transported between the Zone and foreign destinations.
 
8. Incoming and outgoing goods into and from the Zone may be eligible for aggregate declaration by the enterprise registered in the Zone subject to the approval of the Customs: the enterprise shall, by completing relevant Customs Declaration formalities, file the data of one calendar month for declaration with the Customs before the end of the next month.
 
9. Taxes in connection with import and/or export on cycling goods between the Zone and other premises subject to special Customs custody or bonded areas will be exempted.
 
 
Chapter II     Entry-Exit Inspection and Quarantine
 
10. Incoming and outgoing goods across the Zone shall be subject to “One-stop inspection and quarantine”.
 
11. The total amount of inspection and quarantine fees charged on exported live animals, live poultry, aquatic animals and agricultural produces exempting from customs examination will be exempted and that for other exported agricultural products will be charged by half.
 
12. Inspection and quarantine fees charged on exported textiles listed in Chapter 61 (Articles of apparel and clothing accessories, knitted or crocheted) and Chapter 62 (Articles of apparel and clothing accessories, not knitted or crocheted) in the Catalogue of Entry-Exit Goods subject to Inspection and Quarantine by Entry-exit Inspection and Quarantine Authorities will be reduced by 30%.
 
 
Chapter III    Fiscal and Tax Support
 
13. Newly-established enterprises under the Encouraging Category in the Zone will be eligible for a reduced 15% enterprise income tax rate which is part of China’s Western Development Program.
 
14. Of the enterprise income tax paid by large-sized logistics providers providing warehousing, distribution, delivery and sourcing services, and the export processing manufacturers newly established in the Zone before 2012, the portion attributable to the municipal fiscal revenue will be refunded in full amount in the first to second years and in half amount in the third to fifth years from the year of profit generating.
 
15. Of the business tax on international shipping (aviation) business paid by shipping (aviation) enterprises newly established in the Zone before 2012, the portion attributable to the municipal fiscal revenue will be refunded in full amount in the first three years.
 
16. Appropriate portion of the business tax on warehousing, distribution, delivery and sourcing services paid by warehousing and logistics providers newly established in the Zone before 2012 will be refunded between 2010 and 2012.
 
 
Chapter IV  Foreign Exchange
 
17. Trading of goods between enterprises registered in the Zone and enterprises registered not in the Zone but within the territory of China can be priced and settled by RMB or any foreign currency; the pricing and settling currency for incidental charges under the trade of goods shall be in accordance with relevant business practice.
 
18. The enterprises registered in the Zone which are not able to provide relevant evidence and/or documents at the time of payment by exchange remittance may provide such documents to the bank paying the foreign exchange within ninety (90) days after the payment according to relevant rules; the bank shall complete formalities such as cancellation, settlement and endorsement in accordance with relevant rules.
 
19. As for goods directly imported from foreign origins or purchased from foreign enterprises registered in the Zone or out of the Zone but in China by the enterprises registered in the Zone, valid evidence and documents shall be provided to the bank in accordance with relevant rules for making payment directly to foreign sellers from foreign exchange accounts or by purchasing foreign exchange.
 
20. In the case of liquidation of a foreign direct investment enterprise registered in the Zone, the payment attributable to the foreign investor after liquidation may be used for re-investment in China or be remitted to a foreign destination.
 
 
Chapter V     Lease of Warehouses and Factory Buildings in the Zone
 
21. Enterprises leasing factory buildings, warehouses and stacking yards in the Zone will be eligible for corresponding preferential policies. As for enterprises starting operation within 2010 and with a leasing term of more than two years, the rent will be refunded in full amount within the first half year since the date of leasing and be eligible for appropriate discount after the first half year.
 
 
Chapter VI   Miscellaneous
 
22. The Policies shall take effect as of the date of official operation of the Zone by Customs bonding.
   

Contact to Mayor

Quick Service

Fast Links | Sitemap | Privacy policy | Terms and Conditions | Feedback  | Search

Copyright 2007-2011 Chongqing Municipal Government All rights Reserved