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>>Home >>Investment >>Weihai Economic and Technical Development Zone

Preferential Tax

The Income Tax for the foreign-invested manufacturing enterprises shall be levied at a rate of 15%. Among them, the Income Tax of the enterprise with operation period over 10 years shall be reduced to 50% from the third to the fifth year from the profit year.

Weihai Weidongri Comprehensive Food Co.,Ltd.

For the foreign-invested export-oriented enterprise after the period of tax free and reduction according to the State regulation, should the export output value exceed 70% in due year, the Income Tax will be reduced to 10%; should the foreign-invested ad-tech enterprise remain the ad-tech enterprise after the period of tax free and reduction, the Income Tax shall be reduced to 10% for the extended 3 years.

Should the foreign investor of the foreign-invested enterprise reinvest the profits obtained in the very enterprise to increase its registered capital, or in the setting up of any other foreign-invested enterprise with operation period no less than 5 years, upon application of the investor and approval of the tax authority, 40% of Income Tax of the reinvestment amount shall be refunded; should the reinvestment withdraw within 5 years, the refunded tax shall be recovered; should the reinvestment goes to establish or enlarge export-oriented or ad-tech enterprise, all Income Tax of the reinvestment amount shall be refunded.

Workshop Weihai Daewoo Electronics Co.,Ltd.

Should the foreign enterprise not set up any organization in China, except exemption stipulated by the law, the Income Tax of its dividend, interest, rent, charter using fee and other incomes from the Development Zone shall be reduced to 10%. Should the enterprise provide funds, equipment or advanced technology, the Income Tax shall be exempted of reduced upon approval.

From the profit year, the foreign-invested enterprise shall be exempted from the Local Income Tax for ten years.

The profits of the foreign investor obtained from the foreign-invested enterprise shall be exempted from Income Tax.

The foreign-invested enterprise shall be exempted from Orientation Regulatory Tax for the fixed investment.

Shandong Daewoo Automotive Components Co., Ltd.

Should the foreign-invested project, belonging to Encouraged Category of "Guide Catalogue of Foreign Investment Industry" and with technology transfer, import equipment for its own production, the equipments, except those listed in the "Catalogue for Non-duty-free Import Commodities for Foreign-invested Project", shall be exempted from Duty and Import VAT.

Duty and Import VAT shal be exempted for equipment imported for self-use by project with loan from foreign government or international finance organization, and be exempted for imported free-charged equipment provided by foreign partner in the processing trade, except those listed in the "Catalogue for Non-duty-free Import Commodities for Foreign-invested Project". For the project conforming to the above-mentioned stipulation, the technology, components and spare parts imported with equipment according to contract shall be exempted from Duty and Import VAT.