Policies to Attract Foreign Investment
15% of the enterprise income taxes of the productive foreign enterprises and high-tech enterprises in the state-level economic and technological development zones and hi-tech industrial development zone are reduced. 24% of the enterprise income taxes of the productive foreign enterprises in Changchun and Hunchun are reduced. Of which, 15% of the enterprise income taxes of the technology-intensive and knowledge-intensive energy, transportation, and port construction projects with foreign investments of USD30 million and long-term investment time are reduced upon approval by competent departments.
The production-oriented foreign-invested enterprises with operating period of more than 10 years enjoy the preferential policy of "two exemptions and three half" from the profit making year.
15% of the enterprise income taxes of the foreign-funded enterprises encouraged by the state are reduced within 3 years subsequent to expiration of the period for the existing preferential tax policies.
15%-30% of the agriculture, forestry, and animal husbandry foreign-funded enterprises, subsequent to expiration of the tax relief, may continue to be reduced in the coming ten years upon approval of the State.
The advanced foreign technical companies which are still advanced technical companies, subsequent to enjoyment of tax relief, are exempted from half of corporate income taxes for another three years.
The foreign export enterprises whose export volumes reach over 70% of the sales volume in that year, subsequent to enjoyment of tax relief, are exempted from half of corporate income taxes. The product export enterprises which pay the corporate income taxes according to the rate of 15%, in line with the above-mentioned conditions, pay the corporate income taxes according to the rate of 10%.
Where the foreign investors of foreign-funded enterprises directly re-invest in the enterprises, increase registered capital, or invest in and set up other foreign-funded enterprises as capital with the profits, for an operation period of not less than 5 years, 40% of the taxes already paid for the re-investment are refunded.
The annual losses institutions and places set up by the foreign enterprises to engage in production and management can be made up with the incomes of the income taxes of the next tax year. The offset can be extended year after year for a maximum period of 5 years.
The foreign-funded enterprises in other provinces re-invest in Jilin province with foreign investment amounting to over 25% enjoy the treatment for foreign-funded enterprises.
The state-owned land use rights for jointly-funded or wholly-funded urban infrastructure and public welfare undertakings, as well as energy, transportation, and water conservancy projects are acquired in the manner of allocation.
During the "15th Five-Year Plan" period, the state-owned lands whose land use rights are obtained in the manner of transfer are suspended for payment of land transfer fees and land leasing fees.
The land leasing fees are exempted in the first five years and half of that fees are exempted from the sixth to the tenth year, for foreign investment in agriculture, livestock and fisheries projects, and the production land acquired in the leasing manner.
Relevant preferential policies for the encouraged projects as listed in the Catalogue of Industries for Guiding Foreign Investment are available for foreign investment projects in Jilin Province in 12 terms covering project of development of edible ecological resource in the Changbai Mountain, cultivation and processing; follow-up industrial development projects of returning farmland to forests and grassland, protecting natural forests, and other national key ecological projects; water-saving irrigation technology development and application project; nickel exploration development projects; plant and animal medicinal resources development and production projects (excluding the recourses protected by the State); oil shale resource development and comprehensive utilization projects; auto parts manufacturing project; large-sized ultra-high-power graphite electrodes and special graphite development and production projects; urban gas supply, heating, drainage network construction and operation projects (majority part of shares held by the Chinese parties in large and medium-sized cities); project of snow and ice tourist development as well as construction and operation of ski field; tourist areas (sites) development and its supporting infrastructure development, protection and management project; and road passenger transport project.