¡¡¡¡Yuyao Municipal People's Government attaches great importance to the building of the Mold City, has included this project in the program of the city's over-central projects and worked out a series of promotional incentives to assure the project of a healthy and order development.

• Any foreign-invested enterprise of manufacture's nature with an operation term of more than 10 years is exempted from the income tax for 2 years from the first profit-making year, to pay half the I.T only from 3rd to 5th year. Such enterprise that exports their products can continue the payment of half the L.T after the term of "2-year full exemption and 3-year half payment " expires if the total value of its export products in the current year as much as 70% of its gross output value. Such enterprise that is technically advanced can extend the term of half I.T. payment for another 3 years after its term of "2-year full exemption and 3-year half payment " expires, while the local I.T is levied at 10% as much as the enterprise I.T. only.

• Such foreign-invested enterprise that starts its operation in the middle of a year and makes profit actually in less than starts its operation may select to enjoy the I.T. exemption and half-reduction from the next fiscal year. But it shall pay the I.T for the profit made in the current year as per the regulation.

• Any foreign investor to a Sino-foreign joint venture who reinvests for a new manufacturing enterprise (including building a new one or expanding the existing one) with an operation term of not less than 5 years can draw back 40% his paid I.T. for the part of reinvestment.

• In case a deficit occurs to a foreign-invested enterprise in a fiscal year, it can make remedy with the income of the next fiscal year A year by-year remedy is allowed, subject to a limit of 5 years maximum only.

• When the private enterprise uses his after-tax payment profit and accumulation fund of surplus to increase his capital (capital stock), the stockholder can be exempted form the individual income tax.

• Any Chinese partner who has paid bank interests for his investment loan to run a joint venture (or cooperative venture) with foreigners and the venture is of export manufacturer's mature of advanced technology. In such case the yearly interests he has paid to the bank for 3 years after the attainment of loan can be regarded us true yearly profit realized, subject to certification of his A/C bank and approval by the taxation authority based on the condition that the target profit of the enterprise is achieved.

• In addition to the a/m incentive policy the following preferential treatment is given to the renter of a land:
  (1) For foreign-invested enterprises. Any foreign-invested enterprise with a total investment of USD1 million, USD2 million, USD3 million-up can have a 30%, 50% and 70% discount respectively in their payment of the city's associated facility building fee plus 1-class degradation to the rented land in his land rental fee payment, extra special conditions will be given to such particular applicant whose enterprise represents a large investment and is confined to be of high and brand-new technology.
  (2) For Chinese-invested enterprise with a total investment of RMB 8 million yuan, using a land of more than 10 mu, can have a 20%-up discount in their payment of the city's associated facility building fee (the part above the 20 % is to be decided according to the size of investment) when renting a land.1-class degradation in renting a land is given to those whose enterprise leads Chinese industry of the same sector in equipment, technology and products.