4. Interpretation of policy on rent reduction or subsidy, rent exemption from February to March and rent reduction by half from April to June: for small and medium-sized enterprises renting buildings for business purpose of Nanning City [including counties (districts) and development zones] that belong to state-owned assets, rent exemption from February to March and rent reduction by half from April to June 2020 will be given to them. Self-employed business owners enjoy the same policy as small and medium-sized enterprises. If the state-owned asset is contracted to a third-party company by the state-owned assets management company, the exemption shall be directly given to the third-party company, and then the third-party company shall distribute it to small and medium-sized enterprises and self-employed business owners.
For non-state-owned enterprises renting the industrial plants in Nanning’s development zones and industrial concentration zones that are constructed according to the national general standards and industrial specifications and have passed the completion acceptance and engaging in industrial production and operation, if their projects conform to the industrial policies and development planning of the country, autonomous region and Nanning, and have been put into operation or installed with equipment, 2-month full subsidy for rent from February to March and three-month half subsidy for rent from April to June will be given.
In the period between February to June, if the rent reduction of the leasing enterprise is more than 1 million yuan in total and the proportion of reduction reaches more than 30% of the receivable rent, or the rent reduction exceeds 500,000 yuan in total and the proportion of reduction reaches more than 50% of the receivable rent, the finance departments of local county (district) and development zone shall give the enterprise a subsidy of no more than 15% of the total rent exemption, and the maximum subsidy amount shall not exceed 2 million yuan. The deduction to the self-employed given by the leasing enterprises is included.