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local investment promotion is an important measure to drive economic and social development. in the context of building a unified national market with fair competition, behaviors such as irregular tax and fee preferential policies in investment promotion have also become the focus of audit attention.

recently, some provinces have successively released the audit reports on the implementation of local budgets and other fiscal revenues and expenditures in 2023 (hereinafter referred to as "audit reports"). while affirming the positive role of local investment promotion, they also pointed out some existing problems, including the illegal granting of preferential policies such as land transfer, financial rewards and subsidies, and financial refunds linked to taxes.

according to the hunan audit report, nine counties at the three municipal levels issued preferential policies such as land transfer and financial rewards and subsidies in violation of regulations, and provided investment promotion incentives by means of advance payment to private enterprises or disguised returns. among them, 287 million yuan of reward and subsidy funds were paid in advance to enterprises that failed to meet the contract conditions.

the yunnan audit report pointed out that the management committees of one city, one county and two high-tech zones violated regulations by setting their own policies to give enterprises financial rewards linked to taxation, and paid out 277 million yuan.

in order to attract enterprises to settle in, some places have illegally granted preferential policies such as tax and fee reductions, financial subsidies, and financial refunds, creating vicious competition for investment and undermining fair competition in the unified national market.

to this end, the state council recently promulgated and implemented the "fair competition review regulations", in order to promote fair competition in the market, optimize the business environment, and build a unified national market. the regulations require that the policy measures drafted by the drafting units shall not contain tax incentives for specific operators; selective and differentiated financial rewards or subsidies; administrative and institutional fees, government funds, social insurance premiums, etc.