First. Comprehensive policies

1. Policies for Border Port Industrial Park

During the years of 2023-2029, manufacturing companies in the comprehensive bonded zone will be granted tax preferences such as VAT exemption or refund, for the corporate income tax paid by the manufacturing companies and personal income tax paid by employees, with the sharing portion of the Central People’s Government of China of the tax returning on a phased basis (full return from 2023 to 2026, halved return from 2027 to 2029). The policy of "six taxes and two fees" reduction and exemption will continue to be implemented until December 31, 2027.

2. Settled in the China-Asean Industrial Cooperation Zone to enjoy the local share of corporate income tax "5 exemptions and 5 halving"

From 2023 to 2030, the transfer industry legal person enterprises settled in the China-Asean Industrial Cooperation Zone will be exempted from the first year to the fifth year, and the local share of enterprise income tax will be halved from the sixth year to the tenth year. Continue to implement the "six taxes and two fees" policy until December 31, 2027.

3. The income tax rate of encouraged enterprises in the pilot free trade zone is 9%

4. Qinzhou, as an RCEP pilot demonstration zone, can make use of the RCEP regional origin accumulation rules

Second. Foreign investment policy

1. Newly Introduced Foreign Investment (Newly Introduced Foreign Investment)

Foreign-funded enterprises with annual actual utilization of foreign capital of US $20 million or more (except real estate, financial industry and financial enterprises), and the capital is mainly used for infrastructure construction, equipment purchase or renovation and upgrading, new product research and development, production and operation, shall be given a one-time reward of 2% of the annual actual utilization of foreign capital and no more than 100 million yuan.