Changchun Introduces Preferential Measures to Attract Auto Parts Enterprises to Settle in

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In order to seize the rapid development opportunities of domestic and international automobiles, and to utilize the radiation and driving functions of the main engine plant to increase the matching ratio of local auto parts, Changchun City will provide tax exemption and refund for new auto parts and components companies investing in long-term investments by foreign companies in 2011. There are many preferential measures such as financial support.

It is reported that the scope of enterprises that can enjoy preferential treatment is to settle in the core parts and components enterprises in Changchun National Development Zone, provincial development zone and industrial concentration zone. After the core component companies complete the project investment and pay the full amount of the urban infrastructure supporting fee, 50% of the urban infrastructure supporting fee will be returned to the enterprise to support the project construction.

In terms of taxes and fees, the total amount of land transfer that core component companies should pay can be divided into two periods within one year. Each period will be paid at 50% of the total price. Interest will be exempted from the period; from the year of profit, the first five years The corporate income tax that has been paid will be returned to the enterprise on a yearly basis by the city and district levels of finance.

Since 2011, the special funds for industrial development in Changchun has increased by 10 million yuan to support the development of core parts and components companies. Changchun SME Credit Guarantee Co., Ltd. has arranged 200 million yuan annually as a guarantee for its core components since 2011. The company provides loan guarantees and the guarantee fee rate is 20% discount.

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