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Home for High-speed Trains to be completed by 2022 in Ningbo

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Category: Ningbo News

Published: Friday, 09 October 2020 14:53

It is learned from Ningbo Railway Construction Office that the construction of the “home for high-speed trains” in Ningbo will be completed by the end of 2022. Upon completion, Ningbo will increase the number of trains and consolidate its position as a railway hub of the national railway network. 

The home for high-speed trains will serve as a kind a railway infrastructure for the preparation and maintenance of the high-speed train sets, according the deputy director of Ningbo Railway Office. Currently, the only one home for high-speed trains of Zhejiang Province has been built in Hangzhou. Ningbo will be the second city in the province to have such a home for high-speed trains.

According to the deputy director, the home for high-speed trains aims to provide more convenience for traffic. At present, there are about 250 high-speed train sets running at Ningbo Railway Station, but with only 37 starting trains, mainly due to the lack of such a

The Integrated Application of Electronic Business License and Electronic Seal in Ningbo

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Category: Governmental News

Published: Tuesday, 18 August 2020 13:01

Since August, the digitalized “1+0” mode for opening enterprise in Ningbo has been officially launched. According to this mode, a newly opened enterprise can simultaneously obtain an electronic business license, electronic seal and tax UKey. This is another innovative measure taken by the city to further reduce the time for opening enterprises, to improve the convenience of setting up enterprises, and to stimulate the entrepreneurial and innovative vitality of market subject. Ningbo is the second city in China to implement the integrated application of electronic business license and electronic seal after Shanghai.

What is “1+0” mode? According to the director of the Administrative Examination and Approval Division of the Municipal Market Supervision Bureau, “1” refers to the integration of seal making and invoice application into the business establishment process, achieving “1 link” completion; “0” refers to zero cost, i.e., the newly opened enterprise will obtain free electronic business license, electronic seal, tax UKey at the same time. The director said, “We have integrated all the online links and business systems of enterprise establishment to achieve ‘one-time login, one-network operation’. We will extend the enterprise establishment window to various bank outlets and provide one-stop service offline through deepening the cooperation between government and banks.”

More than 10.7 Billion Yuan of Tax Deductions and Exemptions in Ningbo for Energizing Enterprises

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Category: Governmental News

Published: Tuesday, 18 August 2020 12:58

The data of the final settlement of the business income taxes in 2019 of Ningbo are released. It is indicated that there are 1060 high-tech enterprises in Ningbo enjoying the preferential policy of lowered 15% tax rate for income tax, which is 4.666 billion yuan of tax reduction; 5678 enterprises enjoy the preferential policy of 175% additional deduction for research and development expenses, and the tax reduction is 6.039 billion yuan for them. The two policies have reduced the burden of 6738 companies by more than 10.7 billion yuan. The number of enterprises as beneficiary has increased by 26.63% year-on-year, and the amount of tax deductions and exemptions has increased by 25.07% year-on-year.

“For we thought that the additional deductions of R&D expenses and preferential policies for high-tech enterprises were the ‘privilege’ of the manufacturing industry, we did not expect that the construction industry could also be covered by this policy!” Ningbo Municipal Engineering Construction Group Co., Ltd. is a newly recognized high-tech enterprise in 2019. For this unexpected tax cut, Chief Financial Officer Chen Bohe was overwhelmed with joy