Preferential Policies. For the purpose of encouraging the construction and operation of the project, there will be [a series of] preferential policies implemented in Phase I of the project. For details, see Article 6 of “Letter of Intent Concerning the Investment Projects of Amphastar Pharmaceuticals Inc.”
Preferential Policies. In coordinate with financial bureau of Fengyang County, the local retained portion of the paid VAT and income tax by the Party B two years prior to move into the zone 100% pay back to the Party B. 50% of the local retained portion of the paid VAT and income tax will reward to Party B in the next 3 years. 7 days after completion of the main plant, the financial bureau will pay 46,000 Yuan per mu to Party B as the reward.
Preferential Policies. 1. Tax policies Party A shall ensure that Party B's "Functional Masterbatch Project" enjoys the preferential tax policy in accordance with the provisions of national laws and regulations, and the tax department shall provide quality services to Party B according to the service standards. Land use tax is imposed in accordance with the Opinion of Nanchong People's Government on Further Regulating the Preferential Policies for Investment Promotion in Industrial Zone (Nanfufa (2012)No. 75).
Preferential Policies. In accordance with Article 23 and the implementing regulations, the following incentives are granted to Party B:
4.1 Party A actively assists Party B in enjoying the preferential treatment under “23 meausres” in terms of land, tax, etc. When the two parties disagree, the policy-making body shall be responsible for defining it.
4.2 Full subsidies will be provided for the locally retained portion of taxes and fees arising from the repurchase of project assets.
4.3 Upon completion of the project construction and putting into use, Party A shall grant Party B a one-year investment and cultivation period for the project company, during which the lease fee will be waived. Upon expiration of the cultivation period, Party B’s project company shall pay the lease fee to the investment Group as agreed in Article 3 cooperation mode.
4.4 Individual income tax incentives for executives of the project will be implemented in accordance with the relevant policies of Article 23.
Preferential Policies. (1) The direct sales agent shall be entitled to receive a 000 XXX per metric ton discount on the supply price provided by Party A.
(2) The direct sales agent shall be entitled to sales commissions provided by Party A. For acid pickled products, Party B shall be entitled to receive the sales commission in an amount of 20RMB per metric tons with a monthly order for less than 1,000 metric tons and 30RMB per metric tons with a monthly order for more than 1,000 metric tons. For HDG products, Party B shall be entitled to receive the sales commission in an amount of 30RMB per metric tons and 50RMB per metric with a monthly order for less than 500 metric tons and in excess of 500 metric tons respectively. For PPGI products, Party B shall be entitled to receive the sales commission in an amount of 40RMB per metric tons and 80RMB per metric with a monthly order for less than 300 metric tons and in excess of 300 metric tons, respectively.
(3) The amounts of sales commission shall be settled and paid quarterly; the sales commission of one quarter can be used to offset the purchase payment of the next quarter.
(4) Supply price shall not be adjusted if the market price increases. Party A shall adjust the supply price and credit Party B for the discrepancy if the supply price is higher than the market price. The credits shall be offset against the supply price for the next month order.
(5) Party A shall give Party B the priority to receive required raw materials from Party A.
Preferential Policies. If the Company succeeds in restructuring Baiyun Gold Mine and establishing the New Company, Fengcheng Municipal Government will exempt some land requisition fees and administrative fees for basic construction of the New Company and will refund some land grant fees, water and soil erosion prevention fees, pollutant charges and charges for water resources. In terms of taxation, the New Company will be exempted from corporate income tax for three years, while resources tax and resources compensation fees will be levied at the same rates as those of similar enterprises of the Company in other areas.
Preferential Policies. Article 9 Party A promises Party B or the project company registered by Party B that it will not only enjoy all preferential policies specified in this Investment Contract, but also enjoy the tax preference, fiscal subsidies of the state, province, city and Hanshan County. In addition, parts of Administrative and Institutional fees are not charged. Party A further promises to assist the project company to carry out the preferential policies that are enacted by the state, province, city or Hanshan County at times in future and adjusted or modified to apply to the project company in every respect.
Preferential Policies. LNGB shall assist the CJV in doing all such things as are necessary so that the CJV shall be entitled to all the preferential policies of exemption from and reduction of income tax or other taxes, fees, charges or levies from state and local governments including exemption from or reduction of the following:
(a) Reduction of Value Added Tax according to the regulations of the PRC for CJVs.
(b) Mineral Resources Compensation fee reduction.
(c) Mineral Resources Tax exemption or reduction.
(d) Municipal Tax exemption or reduction.
(e) Import Tax and Duties exemption or reduction.
