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Huangpu releases measures to back construction industry

Source: chinadaily.com.cn | Updated : 2019-07-01

Huangpu district of Guangzhou city issued the "Proposed Measures for Promoting the Development of the Construction Industry" to develop its construction industry and enable construction enterprises to better serve economic and social development. The maximum available to individual enterprises is 5 million yuan ($72.81 million).

These measures are applicable to the construction enterprises registered and paying tax in the district, the Guangzhou Development District (GDD) and the parks under the GDD. They need to be the independent legal entities included in the district's statistical scope of construction enterprises and have a sound financial system and independent accounting.

Those who obtain support funding according to the Measures will be subject to the requirements of not removing their registration and office address from the district, not changing tax liability in the district, and of not reducing their registered capital within 10 years.

If the supported enterprises are unable to abide by the requirements, they will be requested to give back the support funds. The calculation of each indicator is based on the data submitted by the enterprise to the taxation department.

Those enterprises with management problems including construction quality, safe production, civilized construction, and labor disputes, or illegal acts, such as serious untrustworthy behaviors or tax evasion, or infringement, may not enjoy the support and reward policies in the Measures.

The measures have been implemented since June 13, 2019, and are valid for two years.

Guangzhou Huangpu District and Guangzhou Development District

Proposed Measures for Promoting the Development of Construction Industry

Article 1

To implement the "Opinions of the General Office of the State Council on Promoting the Sustainable and Healthy Development of the Construction Industry" and the "Notice of the Guangdong Provincial Department of Housing and Urban-Rural Development on Further Promoting the Sustainable and Healthy Development of the Construction Industry", Huangpu will strive to develop the construction industry and enable construction enterprises to better serve economic and social development. The measures are formulated in light of the actual conditions of the district.

Article 2

The measures are applicable to the construction enterprises registered and paying tax in Huangpu District, the Guangzhou Development District (GDD) and the parks under the GDD. These enterprises need to be the independent legal entities included in the district's statistical scope of construction enterprises with a sound financial system and independent accounting. Those who obtain support fund according to the Measures shall be subject to the requirements of not removing their registration and office address from the district, not changing the tax liability in the district, and of not reducing their registered capital within 10 years. If the supported enterprises are unable to abide by the requirements, they will be requested to give back the support funds. The calculation of each indicator is based on the data submitted by the enterprise to the taxation department.

Article 3

[Settlement Award] Newly-settled construction enterprises with premium qualification for general contracting will receive a one-time reward of 5 million yuan; and those with grade I qualifications for general contracting of construction will receive a one-time reward of 2 million yuan.

Article 4

[Business Contribution Award] In the annual period of the effective period of the Measures, the enterprises with an annual output value of more than 3 billion yuan or an annual tax payment of more than 100 million yuan will receive a reward of 500,000 yuan; those with an annual output value of more than 2 billion yuan or an annual tax payment of 60 million yuan will receive a reward of 300,000 yuan; and those with an annual output value of more than 1 billion yuan or an annual tax payment of more than 30 million yuan will receive a reward of 150,000 yuan. If the growth rate of the output value of the enterprise is lower than the GDP growth rate of the whole city during the same period, or the value-added rate is lower than the added value rate of the construction industry in the same period, the reward will not be granted.

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