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Chengdu Taxation and Tax ReturnService
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
In 1993, Chengdu was approved as an inland open city by the State Council. Chengdu is entitled to the following preferential policies:
To expand the approval right of foreign - invested projects:
To encourage foreign investment
Foreign-funded production enterprises are subject to a reduced corporate income tax rate of 24%.
Foreign-invested projects involving technological renovation, knowledge- intensive projects, and projects with a foreign investment value exceeding US$ 30 million and long return period, projects in energy development, communication and port construction, are subject to a reduced corporate income tax rate of 15%, with the approval of the State Taxation Administration.
Foreign enterprises and other economic organizations without establishments or sites in Chengdu, while gaining dividends, interest, rents, royalties and other income received from inside Chengdu, are subject to a reduced income tax rate of 10%.
Municipality-level trade corporations which have the conditions are given, with the approval of the Ministry of Foreign Trade & Economic Cooperation, the right of undertaking foreign trade.
Foreign investors are allowed to develop and run tracts of land according to the Temporary Rules on the Administration of Land Development and Operation with Foreign Investment approved by the State Council.
To simplify the formalities of Chinese businessmen going abroad. For the major businessmen of the companies which are entitled to the right of handling foreign trade or of the large or medium-sized state-owned enterprises, the approval formalities of going abroad is simplified according to relevant regulations and, once approved, is valid for several times.
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