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Tax Refund In Case Of Reinvestment
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Conditions
for Tax Refund
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Rates
of Refund
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| Reinvestment
for no less than 5 years in succession |
40%
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| Reinvestment
in export-oriented or technologically advanced enterprises
whose period of operation is no less than 5 years |
100%
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Foreign/overseas
investors in enterprises with foreign/overseas investment
who directly reinvest their profits gained from their enterprises
to increase the registered capital or use their profits as
capital investment for the establishment of other enterprises
with foreign/overseas in vestment covering a period of operation
of no less than 5 years shall receive a refund of 40% of the
income tax already paid for the reinvested portion upon application
to and approval by the Municipal tax authority.The whole amount
of the income tax already paid for the reinvested portion
shall be refunded in case of reinvestment in the establishment
and expansion of export-oriented or technologically advanced
enterprises with periods of operation of no less than 5 years
upon application to and approval by the Municaipal tax authority.
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