QWEPZ has favorable policy environment. The favorable policy of ‘Inside the territory and outside the Customs’shall be adopted inside QWEPZ.
As for tax & duty, (1)The government will not levy VAT or consumption tax against products produced or processed within the zone. (2)As for the goods entering the zone from abroad, unless the related laws and regulations otherwise promulgating, import tariff and import-related shall be performed as follows, Machinery and equipments needed for productive infrastructure construction projects and capital construction materials needed for workshop and warehouse construction shall be imported free of duty; Machinery, equipments, molding and other maintenance parts needed for production inside EPZ can be imported free of duty; Raw materials, parts, components, package and consumable materials used for processing export products within the zone shall be bonded in full amount; A reasonable quantity of office supplies imported by the enterprises or administrative institution inside EPZ for self-use shall be imported exempt from duty; (3) Finished products produced inside the zone as well as leftover materials, defective and scrapped products, unless the related laws and regulations otherwise promulgating, shall be exported free from duty; (4) As for domestic machinery, equipments, raw materials, parts, components, package materials and capital construction materials used for infrastructure facilities construction, processing enterprises workshop construction, and administrative department office construction, the Customs shall transact declaration procedures and issue export tax return Customs declaration in accordance with the related regulations about the export products. The enterprises outside of the zone can apply to tax department for export tax return with the export tax return Customs declaration. (5) Foreign-invested enterprise income tax according to state-level economic and technological development zone of policy implementation. As for processing trade administration, (1) Processing trade bank deposit account system shall not be implemented for business engaged in processing trade business within the zone, and the Customs shall not implement administration through ‘Registration Handbook’. (2) The enterprises within the zone can do processing trade business except those which are prohibited by the state to import or export products and which are prohibited by the state to carry out processing trade within EPZ. (3)During the product production process of the enterprises within the zone, if really necessary, with the approval of the Customs, some related molding and semi-finished products can be transported outside the zone to be processed. Transference of products for further processing can be done between EPZs, between EPZ and FTZ, between enterprises inside EPZ and outside EPZ. As for import and export administration, (1) As for the goods going between the zone and abroad, except those under the passive export quota administration, import and export quota administration and license administration shall not be implemented. (2) As for goods going between the zone and abroad, the Customs shall supervise them by straight-through or trans-customs transportation method. (3) As for the goods entering and leaving the zone, the Customs shall transact their filing, declaration, identification & examination, release and verification procedures within the zone. Inspection & quarantine department shall perform one-time examination between EPZ and the port, and the examination at the port shall not be needed. (4) As for the goods going between the EPZs, the EPZ and other special zones under the Customs’ supervision, goods sending and reception parties shall jointly apply to the Customs for the goods transfer. With the Customs’ approval, the trans-customs transportation can be transacted in accordance with related regulations. As for foreign exchange administration, As for goods sold to foreign countries, collection verification and writing-off of export proceeds in foreign exchange shall not be transacted. As for payment to foreign countries, foreign exchange payment and verification in import shall not be transacted.
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