Seven New Initiatives In Henan To Support Industrial Revitalization

In order to support the revitalization of the ten major industries such as textiles, the Henan provincial finance department has recently formulated the implementation opinions on implementing the fiscal and taxation policies for the revitalization of the ten major industries, and put forward seven new policy measures.

First, support the merger and reorganization of enterprises.

The Henan provincial finance department will work with relevant departments to formulate measures to solve the problems of resettlement, asset pfer, debt verification and disposal, and fiscal and tax benefits distribution.

The two is to support the pformation and upgrading of key enterprises.

We should co-ordinate provincial industrial restructuring, high-tech industrialization and other special funds for technical pformation and industrial upgrading of key enterprises.

Three is to broaden the channels of investment and financing.

For enterprises entering the listing guidance period and entering overseas listing procedures, the financial assistance from the same level of Finance shall be given to a certain proportion of the retained part of the enterprise's new enterprise income tax at the same level within two years.

The four is to support the establishment of an industry independent innovation system.

For newly established and recognized state-level R & D institutions (including engineering and technology research centers and key laboratories), the provincial finance will grant 1 million to 2 million yuan of capital subsidies at once, supporting enterprises to enhance their ability of independent innovation.

The five is to encourage industrial pfer.

In the 2009~2012 year, the export enterprises that pferred to the industrial gathering areas at all levels were given domestic freight subsidy by the standard of paying 0.1 yuan by the amount of 1 US dollars, and the subsidy funds were borne by 50% provinces, cities or counties (cities).

The six is to encourage industrial agglomeration and development.

In the 2010~2012 year, the value added tax, business tax and enterprise income tax paid by the enterprises in the gathering area were returned to the county (city) in full.

After the construction and production of new projects in the industrial agglomeration area, the municipal and county finance should be used to support the technical reform, research and development and marketing of the tax enterprises according to no less than the value added tax and the income tax in the city and county.

The seven is to improve the support policy of government procurement.

State organs, public institutions and organizations, which use financial funds to purchase products and services in the catalogue of government procurement, give priority to the purchase of products and services of the ten major industrial enterprises of the province under the law or the same conditions. Products and services belong to the designated items of the government procurement agreement supply and service, and shall be included in the list of agreed supply and service points.