On 11 March 2002, the Administrative Committee of Changping Zone, Zhongguancun
Science Park, issued Decision that Enterprises Entering Beijing International
Information Park Will Be Eligible for Preferential Policies for Changping
Science Zone of Zhongguancun. The Decision stipulates that enterprises
may enjoy all the preferential policies of the Zhongguancun Science
Park and other preferential policies of the Changping District.
| Income Tax for High-Tech Enterprises |
Enterprises are free of Income Tax for three years from the date
of set-up. Enterprises are taxed at the half rate of 7.5 percent
from the fourth year to the sixth year, and at the rate of 15 percent
since the seventh year. |
| Sales Tax for Enterprises Engaged in Technology Transfer or Technology
Exploration |
The income are free of Sales Tax |
| Integrate circuit products and Enterprises producing Integrate
circuit products |
Eligible for the policies of the Several policies for encouraging
the development of software industry and integrate circuit industry |
| R&D fund raised from social imbursement |
The full amount of the imbursement outlay can be deducted from
the income that should be taxed |
| All the outlay in the research and development of new technology,
etc. |
can be apportioned into the cost at one time or several times |
| Equipments and spare parts imported by enterprises producing products
in the National Catalogue of High-Tech or New-Tech Products
for self-utilization |
Tariff and import VAT is exempted, except those stipulated otherwise |
| roducts in Catalogue of High-Tech Products for Export of China |
When verified and approved by the State Bureau of Taxation, products
whose tax refund rates are lower than tax rates may get the refund
at the tax rate after they are exported in accordance with the current
regulations on export refund |
