Notice of the People's Government of Hebei Province on the issuance of "Several Provisions on the Pilot Provincial Tourism Resort in Hebei Province"

Article 1: In order to fully develop and utilize the province’s tourism resources, effectively attract domestic and foreign funds, accelerate the construction of provincial-level tourist resorts (hereinafter referred to as resorts) in our province, expand tourism to earn foreign exchange, and develop the province’s economy, these regulations are specially formulated these regulations. Article 2 The establishment of a resort should have clear geographical boundaries. The area where it is located should be rich in tourism resources, have a beautiful environment, and have convenient transportation. It is suitable for the centralized construction of supporting tourism facilities, and has a good base of tourist sources and opening to the outside world. Article 3 The resort is established with the approval of the Provincial People’s Government, and the industry is under the management of the Provincial Tourism Bureau. A management committee shall be established in the resort area and shall be granted corresponding administrative powers by the local people's government. Article 4: Foreign companies, enterprises and other economic organizations or individuals (hereinafter referred to as foreign investors) are encouraged to establish the following Sino-foreign joint ventures, Sino-foreign cooperative enterprises and foreign-invested enterprises (hereinafter referred to as foreign-invested enterprises) in the resort area, and preferential treatment is provided.

(1) Invest in the development of tourism resources;

(2) Engage in the construction of tourism infrastructure projects;

(3) Establish the third tourism-based tourist attraction to earn foreign exchange. The third industry;

(4) Establishing pollution-free tourism product export enterprises;

(5) Other projects specially encouraged by the province. Article 5 The above-mentioned foreign-invested enterprises established in the resort area are levied corporate income tax in accordance with the provisions of the tax law. If the operating period is more than 10 years, they will be exempt from corporate income tax in the first and second years starting from the year when they start to make profits; Article 3 Corporate income tax will be levied at a half rate from 1 to 5 years, and all of it will be refunded by the local finance. After the sixth year, corporate income tax will be levied in accordance with the law, and 50% will be refunded by the local finance after payment. Article 6: When foreign businessmen remit their profits from resort enterprises abroad, they are exempt from paying income tax on the remitted amount. Article 7 Foreign investors in foreign-invested enterprises reinvest after-tax profits in resort areas to establish and expand tourism and foreign exchange-earning enterprises, and the foreign exchange-earning income accounts for more than 70% (including 70%) of operating income, and the operating period is not less than 5 years. , upon approval by the tax authorities, all income tax paid on the reinvested portion shall be refunded; if the investment in the project is withdrawn within a period of less than 5 years, the refunded corporate income tax shall be recovered. Article 8 Domestic and foreign-invested enterprises in the resort area may, within the total investment amount, import self-use building materials, production and operation equipment, transportation tools, office supplies, and raw materials, parts, components, accessories, auxiliary materials, etc. imported for the production of export tourism commodities. Packaging materials, etc., as well as imported household items and means of transportation brought by resident foreign businessmen and overseas technicians for their own use, enjoy import tariff reductions and exemptions. Article 9 With the approval of the foreign exchange management department, foreign exchange shops are allowed to be opened in resort areas to collect foreign currencies. Article 10 Sino-foreign joint venture tourist car companies are allowed to be established in resort areas. Joint-venture tourist automobile companies should give priority to purchasing and using domestically produced cars, and may purchase imported cars as appropriate. The purchased domestically produced cars will be exempted from horizontal supporting fees within the approved quantity.

For tourist car companies established by domestic enterprises in the zone, the above policies can be implemented accordingly.

The vehicles purchased above are not allowed to be resold outside the area. Article 11 Sino-foreign joint venture tourism enterprises in resort areas may operate overseas tourism business upon approval. Article 12 Foreign investors investing in and constructing projects in resort areas that are specially encouraged by this province may be given special preferential treatment upon approval by the Provincial People's Government. Article 13: Tourism business projects (excluding hotel projects) established with foreign capital in the resort, with an investment amount of less than 10 million US dollars (including 10 million US dollars), shall be subject to the approval of the resort management committee. Investments exceeding US$10 million shall be handled in accordance with the relevant regulations of the province. Article 14: Foreign investors are encouraged to invest in developing large tracts of land in the zone. After foreign investors obtain land use rights in accordance with the law, they can transfer, lease or mortgage them. Except for the part of the land transfer fee that is turned over to the central government, the rest will be retained in the resort within 10 years from the date of approval for establishment of the resort and used for infrastructure construction. Article 15: Except for the part of newly increased fiscal revenue that belongs to the central government according to regulations, the rest of the newly increased fiscal revenue of the resort will be reserved for self-development within ten years from the date of approval of the establishment of the resort. Article 16 Companies, enterprises and other economic organizations or individuals from Taiwan, Hong Kong and Macao that set up enterprises and projects in resort areas shall refer to these regulations. Article 17 The Hebei Provincial Tourism Bureau is responsible for the interpretation of these regulations. Article 18 These regulations shall come into effect on the date of promulgation.