17.Export self-operated by foreign-funded enterprise in a production nature, the enterprises can enjoy the national policies for tax-free, tax-offset and turn back (except for such products that are not permitted to turn back tax by the state).
18.Approved by State Tax Bureau, the foreign businessmen's use fee of licensed right for providing professional technologies in the fields of scientific research, energy sources development, communications development, shall be levied the income taxes at the reduced rate of 10%. The person who has advanced technology or favorable conditions can exempt from the income tax.
19.The foreign-funded enterprises shall be exempted from interest and rent income tax. Foreign-funded enterprises that haven't established institutions and operation site in China shall be exempted from the income taxes on the interest incomes that are obtained within the boundaries of China and on the lease income by leasing tangible assets.
20.Incomes of technical transfer of foreign-funded enterprises and foreign individuals shall be exempted from taxes. Approved by State Tax Bureau, the incomes that the foreign-funded enterprises and foreign individuals paid transfer the proprietary rights or use rights of patents and non-patent technologies to others from the foreign countries to China. And provide relevant technical consultants and technical services, shall be exempted from sales taxes.
21.Software charge shall be exempted from taxes. Relevant software that foreign-funded enterprises rent the goods in the fields of postal services, communications equipment and computers to the enterprises within the boundaries of China, such as separate charge of software, shall be regarded as the income for renting above-mentioned goods and exempted from the taxes of sales income.
22.Business tax for financing foreign funds shall be deducted. Foreign-funded financial institutions that are engaged in financing their foreign exchange loan interest payment out of the boundaries of China may be allowed to be deducted from the taxable business income; and the foreign exchange (or RMB) loan interest payment within the boundaries of China shall not be deducted. (Finance, Tax [1999] No. 183 Doc).
23.Urban real estate tax: foreign individuals (including overseas Chinese, Hong Kong, Macao and Taiwanese compatriots) who purchase real estate may be temporarily exempted from urban real estate tax.
24.Any foreign-funded enterprises involving in promoted projects on the Guideline of Foreign Investment Industries for Encouraging Foreign Investment stipulated in Notice of the State Council, meeting one of the following conditions, may enjoy the enterprise income tax exemption at regular intervals stipulated in the tax laws after independent calculation in case the investors increased their investment out of the original contract and obtained the income:
a.The increased investment to newly form the register capital volume amounting to or exceeding US$ 60 million;
b.The increased investment to newly form the register capital volume amounting to or exceeding US$ 15 million, but amounting to or exceeding 50% of the total original register capital. |
