(Published by Shanghai Municipal Government on 3rd April, Revised and Republished by Shanghai Municipal Government on 14th Dec, 1999, Revised and Republished according to Decree No. 119 by Shanghai Municipal Government on 1 st April, 2000)
Article 1 In order to encourage foreign investment company to invest in technology intensive and knowledge intensive projects, the present methods are stipulated according to the Rules for the Implementation of the Law of People's Republic of China on Foreign Invested Company and Foreign Enterprises Income Tax and taking into consideration the actual circumstances of Shanghai .
Article 2 The present methods are applicable for the foreign investment manufacturing companies in Shanghai that belong to the technology intensive and knowledge intensive projects.
Article 3 Foreign investment companies can enjoy the 15% of the income tax after proposing the application and being approved.
Article 4 Foreign investment companies can enjoy the preferential treatment for technology intensive and knowledge intensive projects if complying with one of the following conditions:
(1) Projects which can provide the advanced manufacturing technology and process, or can produce the new products (including new material, key components or parts) and promote the usage and application of new material urgently needed by Shanghai . (2) Projects which use the advanced technology, can greatly improve the production volume, quality and performance, effectively reduce production cost, save energy and material; (3) Projects which can promote the technology reforming. (4) Projects which can provide the key proprietary patent and know-how (including advanced prescription);
Article 5 Foreign Investment Company can apply to the competent department (the application report is printed by Shanghai Science and Technology Committee), and then transfer the application to the Shanghai Science and Technology Committee. Shanghai Science and Technology Committee must examine the applications with Shanghai Foreign Investment Committee and Shanghai Economic Committee within one month upon the receipt of the application, and release the examination certificate. Foreign Investment Company can apply to the Tax Bureau for related tax preferential treatments against the examination certificate released by Shanghai Science and technology Committee.
Article 6 Shanghai Science and Technology Committee is responsible for the interpretation of the present methods.
Article 7 The present methods will come into force since the date of publication. |
