Latest Policy
Tax Incentives in the Hotan Prefecture
2023-11-28 00:00
(1) From January 1, 2021, to December 31, 2030, enterprises newly established in disadvantaged areas of Xinjiang that fall within the scope of the *Catalog of Corporate Income Tax Preferences for Key Encouraged Industries in Disadvantaged Areas of Xinjiang* shall be exempt from corporate income tax for the first two years starting from the tax year in which they receive their first operating income. From the third to the fifth year, the local portion of corporate income tax shall be exempted.Enterprises eligible for the aforementioned fixed-term corporate income tax reduction and exemption policy shall, during the period of reduced taxation, be subject to a 50% reduction on the tax payable calculated at the statutory corporate income tax rate of 25%. — Ministry of Finance, Tax...
Financial Support Policies in the Hotan Prefecture
2023-11-28 00:00
(1) The People’s Government of the Xinjiang Uygur Autonomous Region, the Xinjiang Production and Construction Corps, and the China Securities Regulatory Commission jointly signed the “Strategic Cooperation Agreement on Leveraging the Role of the Capital Market to Further Support Xinjiang’s Economic and Social Development” in Beijing. Xinjiang-based enterprises seeking initial public offerings (IPOs) or listings on the National Equities Exchange and Quotations (NEEQ) will be eligible for a “submit-and-review immediately, issue upon approval” fast-track policy. The “submit-and-review immediately” policy grants priority support to Xinjiang-based enterprises for listing, issuance, and registration without lowering standards.— "Strategic Cooperation Agreement on Leveraging the Role of the Capital Market to Further Support Xinjiang’s Economic and Social Development" (2) For enterprises included in the autonomous region’s "pool of potential listed companies..."
Financial Inclusion Policies and Industrial Support Policies in Hotan Region
2023-11-28 00:00
(i) Inclusive and comprehensive services 1. Establish a system of inclusive credit management systems and innovative products along the lines of micro-credit, standardization, and batching. 2. Decentralize approvals and implement a time-limited closing system on the premise of controllable risks. 3. Explore the use of Internet technology to realize online and automated business, simplify business processes and improve service efficiency.3. Use pricing systems to reasonably price inclusive loans in accordance with the principles of commercial sustainability and revenue covering risks. Implement regulations on the supervision of service charges. (ii) Industrial support 1. Increase investment in inclusive, county and agriculture-related loans, and increase investment in leading agricultural industrialized enterprises, industrial parks and other areas...
Land Preferential Policies in Hotan
2023-11-28 00:00
(I) For industrial project sites in the central and western regions that really need to use state-owned unutilized land outside the scope of urban construction land as determined by the overall land use plan, and where the preliminary development of the land is completed by the land users themselves, the use of state-owned unutilized land within the scope of urban construction land as determined by the overall land use plan may be implemented at a rate of not less than 50% of the Standard corresponding to the grade of the land where it is located. -- Notice on the Adjustment of the Implementation Policy of the Minimum Price Standard for Industrial Land Grant (Land Resource Development [2009] No. 56) (b) land belonging to natural landscape land and land for agriculture, animal husbandry and fishery planting and farming, will not be expropriated (resumed) or converted to other uses,...
Preferential Policies for the Hotan Power Sector
2023-11-28 00:00
(1) Industrial and Commercial Electricity Pricing Policies 1. Abolition of Industrial and Commercial Listed Electricity Rates. Effective March 9, 2022, industrial and commercial users will determine their electricity prices through market-based mechanisms; accordingly, the listed sales rates for large-scale industrial, general industrial and commercial, and other electricity consumption categories will be abolished. All industrial and commercial users with voltages of 10 kilovolts or higher will enter the market ...
Preferential Policies for Natural Gas in the Hotan Prefecture
2023-11-28 00:00
(1) Retail Prices for Residential Natural Gas: A tiered pricing structure is implemented for residential natural gas. The base rate for the first tier is 1.41 yuan per cubic meter. The annual consumption threshold for the first tier is 280 cubic meters for residential cooking and hot water users and 1,800 cubic meters for users with independent wall-mounted heating boilers. The rate for the second tier is set at ...
Water Bill Discount Policies in Hotan Prefecture
2023-11-28 00:00
In Hotan City, the price for residential water is 3.04 yuan/m³, for non-residential water 5.04 yuan/m³, for special-purpose water 19.44 yuan/m³, and for other water uses 1.69 yuan/m³; in Pishan County, the price for residential water is 2.14 yuan/m³, for non-residential water 2.92 yuan/m³, and for special-purpose water ...
Policy on Case-by-Case Review of Major Projects in Hotan Prefecture
2023-11-28 00:00
(1) The Top 500 Chinese Enterprises, the Top 500 Chinese Manufacturing Enterprises, and the Top 500 Chinese Service Enterprises, as released by the China Enterprise Confederation and the China Entrepreneurs Association; (2) The Top 500 Chinese Brands, as released by the Brand China Industry Alliance; (3) The Top 500 Chinese Private Enterprises, as released by the All-China Federation of Industry and Commerce; ( ...
Special Support Policies for the Textile and Apparel Industry in Hotan Prefecture
2023-11-28 00:00
Eligibility Criteria for Textile and Apparel Enterprises: ① All types of textile and apparel enterprises, including manufacturers of apparel accessories such as zippers, buttons, and trims for the apparel, knitwear, and home textile industries. ② Local textile and apparel manufacturers that are registered with the Office of the Autonomous Region’s Cotton Industry Development Leading Group and maintain independent accounting. ③ Enterprises that are officially registered and pay social ...
Support Policies for Labor-Intensive Industries in the Hotan Prefecture
2023-11-28 00:00
(1) Eligibility Criteria for Labor-Intensive Enterprises: Any enterprise legally registered and paying taxes within the four prefectures of Southern Xinjiang, and filed with the relevant county-level industry department; independently accounted local manufacturers of labor-intensive products such as electronic assembly, footwear, toys, and wigs, with a stable workforce of 50 or more employees, of whom 20 or more must be paying social insurance premiums in full in accordance with relevant regulations.1. One-time subsidy policy for new employment. For newly recruited local employees who sign labor contracts of three years or longer, a subsidy of 5,000 yuan per person will be distributed over three years (2,000 yuan in the first year, 1,000 yuan in the second year, and...
Support Policies for High-Tech Industries in Hotan Prefecture
2023-11-28 00:00
(1) High-tech enterprises identified by the state as requiring priority support shall be subject to a reduced corporate income tax rate of 15%. 1. Within a single tax year, the portion of a resident enterprise’s income from technology transfers not exceeding 5 million yuan shall be exempt from corporate income tax; the portion exceeding 5 million yuan shall be subject to corporate income tax at half the standard rate.2. Research and development expenses incurred by an enterprise for the development of new technologies, new products, or new processes shall be subject to an additional deduction of 50% of the R&D expenses, in addition to the actual deduction allowed under regulations, if such expenses are not capitalized as intangible assets and are instead expensed in the current period; if such expenses are capitalized as intangible assets, they shall be amortized at 150% of the cost of the intangible assets. —— "Enterprise Income...
Support Policies for the Livestock Industry in Hotan Prefecture
2023-11-28 00:00
(1) Subsidies under the central government’s “grain-to-forage” conversion program are primarily allocated for the procurement and storage of high-quality forage, such as whole-plant silage corn, as well as for a limited amount of silage pit construction and the purchase of forage harvesting, storage, and processing machinery. Provided that the target area for the “grain-to-forage” conversion is met, the subsidy rate per ton of high-quality forage will be determined by each pilot region based on actual procurement and storage volumes...
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