TPK benefits from tax break policies
By Guo Yiming ( chinadaily.com.cn )
Updated: 2013-08-13
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TPK imported cargo is unloaded. [Photo provided to China Daily] |
The Pingtan branch of TPK Holding, the world's largest touch panel maker, benefits from favorable tax break policies as a "special favor", and is the first beneficiary of state largess at the Pingtan Comprehensive Pilot Zone.
As a routine part of a sort of pilot project, the Pingtan office of Fujian Entry-Exit Inspection & Quarantine Bureau conducted a field inspection of 40 imported containers at the company on August 5.
The inspection was conducted after TPK (Pingtan) received the duty-free cargo that is worth $316.93 million, and which concerns a tax exemption of 410 million yuan ($66.994 million), according to the General Administration of Customs of the People's Republic of China (China Customs).
"Because the pilot zone's port area has not started operation, many of the tax break policies are yet to take effect," said Zhou Junguang, a director at Fujian Customs who is responsible for the Pingtan branch.
"This special favor for TPK, which serves as a driving force for technological industry in the zone, will promote the county's further opening up and stimulate faster growth."
"This is a milestone for our development," said a TPK executive surnamed Jian. "TPK's fast growth is not possible without support from China Customs, Fujian Provincial Government and the pilot zone."
Edited by Chen Zhilin and Niva Whyman
