Article 5
Definition of aids provided
1. Subject to the provisions of para. 3 below, of para. 2, article
6, and of instance (f), of para. 10, arti-cle 6, aids alternatively
provided to new organisations shall be:
a. Grant on expenditures and interest subsidy of medium and long
term investment loans, as well as leasing subsidy, depending on
the case, as follows:
|
Area
|
Grant rate on expen-diture
|
Interest subsidy rate of the investment
loans of the aided investment
|
Leasing subsidy rate, calculated on the
acquisition value of the aided equipment by the leasing company
|
|
D
|
40%
|
40%
|
40%
|
|
C
|
30%
|
30%
|
30%
|
|
A
|
15%
|
15%
|
15%
|
For area A and subject to the provisions of para. 3 of this article,
no grant, interest subsidy and leasing sub-sidy shall be provided
to new organisations.
b. Interest subsidy of medium and long term invest-ment loans, and
tax allowance on the value of aided expenditures and the value of
the new mechanical and other equipment leased, from the date these
presents shall come into effect, as follows:
|
Area
|
Interest subsidy rate of the investment
loans of the aided investment
|
Tax allowance rate (tax-free reserve) on
the value of the aided investment and/or the total equipment
leasing amount
|
|
D
|
40%
|
100%
|
|
C
|
30%
|
70%
|
|
B
|
15%
|
40%
|
For area A and subject to the provisions of para. 3 of this article,
no interest subsidy and tax allowance shall be provided to new organisations.
2. Aids provided to old organisations, subject to the provisions
of para. 3, below:
Old organisations shall receive interest subsidy of medium and long
term investment loans, of a term no less than four years, and tax
allowance on the value of aided expenditures implemented from the
date these presents shall come into effect, and/or the total leas-ing
amount of equipment from the date these presents shall come into
effect, as follows:
|
Area
|
Interest subsidy rate of the invest-ment
loans of the aided investment
|
Tax allowance rate (tax-free reserve) on
the value of the aided in-vestment and/or the to-tal equipment
leasing amount
|
|
D
|
40%
|
100%
|
|
C
|
30%
|
70%
|
|
B
|
15%
|
40%
|
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