A cutting-edge workshop located in Chengbei Industrial Park, Jingjiang. [Photo/zhjjwx.jsjjw.cn]
Chengbei Industrial Park, located within the Jingjiang Economic and Technological Development Zone in the county-level city of Jingjiang, Taizhou, has recently introduced preferential tax policies for sci-tech enterprises both online and onsite.
Qualified enterprises can now enjoy preferential policies such as research and development expense deductions and value-added tax refund.
Jingjiang City Yourshine Optoelectronics Technology is a beneficiary of the R&D expense deductions. The enterprise has capitalized on previous deductions valued at more than 10 million yuan ($1.38 million) in total over the years, alleviating financial pressure associated with technological innovation and spurring innovation.
Utilizing the park's onsite services, Jiangsu Dazhong Technology in 2023 enjoyed a VAT refund worth over 10 million yuan, which was used for scientific research projects to help the enterprise gain a leg up in the intelligent and green motor market.
Focusing on fostering new quality productive forces, Chengbei Industrial Park has been improving its services to local enterprises through timely response according to the companies' requirements, policy interpretation, and solving problems in real time, providing strong support for Jingjiang's high-quality economic development.