14

2024

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02

Inner Mongolia Speeds up the Transformation and Upgrading of Rare Earth Industry from 7 Aspects

According to the state owned assets supervision and Administration Commission of Inner Mongolia, the autonomous region government recently issued several policies on accelerating the transformation and upgrading of rare earth industry, which clearly promotes the transformation and upgrading of rare earth industry from seven aspects: fund support, raw material supply guarantee, tax support, land support, electricity price preference, innovation support and reward, and promotes the development of rare earth industry to a deeper level, wider field and higher level. According to reports, starting from this year, the autonomous region's finance will provide equal amount of supporting funds in accordance with the state's support, focusing on supporting rare earth extended processing projects such as rare earth demonstration production lines, research and development and industrialization of key common application technologies for new rare earth materials, rare earth components and terminal application products. For rare earth core materials and application enterprises, those who meet the conditions can enjoy preferential tax policies for the development of the western region. For newly-built rare earth new materials and application enterprises that are in line with the national industrial policy, if the annual output value exceeds 20 million yuan, the local share of enterprise income tax shall be exempted from the first to the fifth year. In addition, those who invest in new construction, reconstruction, expansion of rare earth new materials and application industry projects in Inner Mongolia that need to supply land can adopt flexible transfer of land within the legal maximum period. If the new technology developed by the autonomous region-level rare earth new material innovation center has achieved more than three industrial applications, and the total output value generated by the industrial application of the new technology exceeds 5000 yuan, the autonomous region will give the innovation center a one-time reward of 5 million yuan each year for three consecutive years. A one-time reward of 20 million yuan will be given to those who have become national rare earth innovation centers. For rare earth new materials industrialization projects that fill the gaps in industry or technology and are completed and put into production, the project research and development team or project leader will be awarded 500000 yuan respectively. Source: magnet manufacturer Youlian Magnetics www.youliancy.com


According to the state owned assets supervision and Administration Commission of Inner Mongolia, the autonomous region government recently issued several policies on accelerating the transformation and upgrading of rare earth industry, which clearly includes financial fund support, raw material supply guarantee, tax support, land support, electricity price preference, innovation support and incentivesIn seven aspects, we will promote the transformation and upgrading of the rare earth industry and promote the development of the rare earth industry to a deeper, broader and higher level.

According to reports, starting from this year, the autonomous region's finance will provide equal amount of supporting funds in accordance with the state's support, focusing on supporting rare earth extended processing projects such as rare earth demonstration production lines, research and development and industrialization of key common application technologies for new rare earth materials, rare earth components and terminal application products. For rare earth core materials and application enterprises, those who meet the conditions can enjoy preferential tax policies for the development of the western region. For new rare earth new materials and application enterprises that are in line with national industrial policies, the annual output value exceeds20 million yuan, the first year to the fifth year exempt from corporate income tax local share part.

In addition, those who invest in new construction, reconstruction, expansion of rare earth new materials and application industry projects in Inner Mongolia that need to supply land can adopt flexible transfer of land within the legal maximum period. New technology realization of the autonomous region-level rare earth new material innovation centerIf there are more than three industrial applications and the total output value generated by the industrial application of new technologies exceeds 5000 yuan, the autonomous region will give an one-time reward of 5 million yuan to the innovation center every year for three consecutive years. A one-time reward of 20 million yuan will be given to those who have become national rare earth innovation centers. For rare earth new materials industrialization projects that fill the gaps in industry or technology and are completed and put into production, the project research and development team or project leader will be awarded 500000 yuan respectively.

Source: magnet manufacturers Youlian Magnetic Industrywww.youliancy.com


 

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