|
Item |
SJEPZ |
SJIZ |
|
Enterprise
Income
Tax |
Tax
exemption
and
reduction
period |
1st and 2nd year after making profit |
Exempted for manufacturing enterprises with a business term of over 10 years |
Exempted for manufacturing enterprises with a business term of over 10 years |
| 3rd, 4th and 5th year after making profit |
Half reduction |
Half reduction |
| Tax reduction in a normal year |
Tax rate is reduces to 10% if the export value in this year is over 70% |
Tax rate is reduces to 10% if the export value in this year is over 70% |
| Extended tax reduction |
Enterprises classified as hi-tech titles by the Shanghai Science Commission should extend 3 years for half deduction |
Enterprises classified as hi-tech titles by the Shanghai Science Commission should extend 3 years for half deduction |
| VAT |
Exempted for export |
Full refund for export, 17% for domestic sales |
| Taxation |
Raw materials, parts and components used for export processing are fully bonded |
Deposit funds are required for each classification of raw materials, parts and components imported for export processing |
| The machinery, equipment, modules, construction materials, office articles for self-use in SJEPZ are exempted from duties |
Customs duty(s) shall be levied on the import. Only self-use manufacturing facilities for the projects encouraged by the State and for 100% export-oriented enterprises will enjoy duty free |
| Processed products shall be re-exported, or levied as finished products if approved for domestic sales. |
Imported materials for domestic sales shall be levied accordingly |
| Supervision |
No deposit or bonded booklet will be required for processing. EDI declaration is adopted. |
Deposit booklets and are required. The contract filing management will include four related departments. |
| Customs declaration |
Once declaration is required by the customs. Once review of documents and once inspection of commodities will be done at customs. 24-hour customs declaration services are available. "Declaration in advance and express delivery to the airport"is applied to reduce the time at customs to the minimum. |
Refunded after final export. |
| Refund for export |
Refunded immediately after getting into the zone. |
Refunded after final export. |
| Foreign currency policy |
No clearance formalities are needed. Enterprises can keep all its foreign currency in full amount. |
Clearance and settling are required. |
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