1.Land Policy The state-owned land is sold at the lowest rate in Nanjing and its surroundings. 2. Taxation Policy Enterprise income tax: Investors who are not from the county but open factory or company in Jiangsu Gaochun Economic Development Zone will have to pay local enterprise income tax, refundable in five years. Value added tax: Those enterprises with gross fixed asset investment above USD5 million or RMB50millon will have to pay local added value tax, 50% refundable in five years; those with gross fixed asset investment above USD10 million or RMB100 million will also have to pay local added value tax, all refundable in five years. 3. Fee Policy For foreign invested enterprises (excluding real estate industry) and enterprises directly founded by foreign investors, no administrative business fee will be charged in principle.
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