China's Tianjin Municipality has confirmed the preferential tax status of its Dongjiang Port District. Part of efforts to advance economic and industrial development, the Tianjin Municipal Government has announced favourable tax regulations for investors, including tax-free programs. Dongjiang, currently undergoing major development works, is part of Tianjin Port and is scheduled to have an area of over 30 km².
As the major investor in Dongjiang, the Tianjin Port Group will receive all tax revenues from commercial land and sea usage at the port for the period up to 2020.
According to the construction schedule, Dongjiang would have formed a land base of 13 km² and container berthing length of 2.2 km by the end of this year.
Reports say that a free trade zone, or tax-bonded zone of about 4 km² will be operational by the end of this year. Dongjiang has been planned to include a consolidated port, a free trade zone, a container and freight complex and general commercial facilities along with leisure travelling terminals. Dongjiang will be the third of its kind in China, following Dayaowan Bonded Harbour Area in Dalian and Shanghai's Yangshan Bonded Harbour Area.
As the major investor in Dongjiang, the Tianjin Port Group will receive all tax revenues from commercial land and sea usage at the port for the period up to 2020.
According to the construction schedule, Dongjiang would have formed a land base of 13 km² and container berthing length of 2.2 km by the end of this year.
Reports say that a free trade zone, or tax-bonded zone of about 4 km² will be operational by the end of this year. Dongjiang has been planned to include a consolidated port, a free trade zone, a container and freight complex and general commercial facilities along with leisure travelling terminals. Dongjiang will be the third of its kind in China, following Dayaowan Bonded Harbour Area in Dalian and Shanghai's Yangshan Bonded Harbour Area.