1¡¢Taxation
A. Added Value Tax
Tax should be collected = tax volume of sales ¨C tax volume of cost
Domestic products should be collected 17% added value tax. For those exporting goods, it carries out policies of exemption, deduction and return. The actual added value tax for export electronics products is zero in WEDZ.
B. Enterprise Income Tax
Enterprise income tax: Foreign-funded productive enterprises of running term over 10 years can enjoy the preference of 2 years tax exemption and 3 years tax half deduction from the year of gaining profit. Among above preferences, the enterprises shall pay income tax at a deduction rate of 15% upon expiration of tax exemption and deduction period. If they are high-tech enterprises or the export volume is over 70%, they shall pay income tax at a preferential rate of 10% or 12% respectively upon expiration of tax exemption and deduction period.
C. Personal Income Tax:
Personal income tax: It is declared to the local taxation bureau by investors themselves.
D. Housing Property Tax:It is collected by 0.84%.
E. Preference on Re-investment:
If the investors enlarge the registered capital value or engage in other new industry by re-investing their share profit gained from the enterprises and the operation term is over 5 years, 40% of the income tax which was turned over will be returned to the enterprises as reward. If the new industrial project is an export-oriented or technologically advanced enterprise, 100% of the income tax that was turned over will be returned.
2¡¢Reference on Cost of Investment
(1) Application entrustment fee: RMB4000.
(2) Certificate of Approval: RMB 1000/pc.
(3) Business License: It is charged at rate of:
0.08% of the amount below RMB 10,000,000;
0.04% of the amount between RMB 10,000,000 to 100,000,000;
It is free-charged of the amount above RMB 100,000,000.
(4) Constructive cost: Planning & Measuring fee: Stake-fix fee is RMB 1304 per planned land and margin-set fee is RMB 952 per building.
Design fee for factory building: about 1% to 1.5% of the total cost (it is mutual-consulted)
Cost for factory building: about RMB 500~600/©O (standard electronics factory building)
Bids management: it is decided by foreign-funded enterprise selves.
(5) Water and power fee: tap water: capacity increase: RMB600/m3 (it is charge-free in WEDZ)
Charges for water of industrial use: RMB 2.00/m3.
Electricity capacity increase: free
Electricity charge: RMB 0.50~0.55/KW.H.
(6) Communications: telephone setting charge: 308 per set.
(7) Labor cost:
Assembly¡¯s workers: about RMB 620540 per month.
Common work staff: about RMB 800~1000 per month.
Professional engineers and mid-management staff: RMB 1000~1500 per month.
(8) Insurance: It is collected at the rate of 17% for local employees (10% for non-locals) for pension, 1% for unemployment, 1% for baby-born and 1% for industrial injury.
(9) Transportation Freight: Forwarders can be responsible for all transportation affairs if it is needed (from Wujiang to WusongPort): (the following is only for reference)
Contact: Ni zhiming
Address: No.2086 Zhongshan South Road, SongLingTown, Wujiang City, Jiangsu P.R.CPostcode: 215200
TEL: 0086-512-63481162
FAX:0086-512-63491771
H.P:0086-133-8216-0009
Homepage:www.wjnewarea.com
E-Mail:yanllei@hotmail.com
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