A SFJVC is entitled to all tax benefits and incentives granted by the China Government to domestic entities in the agricultural industry. Thus, operating as an SFJVC allows us to take advantage of China Government agriculture industry exemptions including:
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No income tax
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No value added tax, subsidizes in transportation within the country
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No import tax on imported plants and equipment
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Rebate of development capital calculated up to 33% of development assets
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Advantageous loans with no interest or fixed terms of repayment
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“Land Usage Rights” being accepted as collateral that can be pledged against bank borrowings
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