What are the differences between investing in Songjiang Export Processing Zone and in Waigaoqiao Free Trade Zone?
Export Processing Zone Free Trade Zone Business Scope 1. Only the processing trade of self-produced goods is permitted. 2. Over 70% of the Products should be sold to other countries. 1. Enterprises can be engaged in international trade, domestic trade and manufacturing and processing. 2. All products can be sold out domestically. Taxation 1. The entrance of spare parts and raw materials from enterprises outside the zone to the zone is regarded as export and VAT can be refunded. 2. Customs duty will be levied according to ready-made products sold domestically and manufactured by enterprises in the zone with spare parts and raw materials from abroad. 1. VAT on spare parts and raw materials entering the zone from enterprises outside will not be refunded. 2. Customs duty will be levied according to the standard of spare parts and raw materials from abroad on those ready-made products sold domestically and manufactured by enterprises in the zone with spare parts and raw materials from abroa
