Preferential policies of enterprise income tax in Hainan FTZ

On July 1, the Ministry of Finance and the State Administration of Taxation jointly issued the preferential policies for enterprise income tax of Hainan free trade port, which will be implemented from January 1, 2020 to December 31, 2024. Enterprises registered in Hainan free trade port and operating in a substantial way shall be subject to enterprise income tax at a reduced rate of 15%. Encouraged enterprises shall operate the industry specified in the catalogue of encouraged industries of Hainan free trade port as the main business with income accounts for more than 60%, and the actual management organization isRead More →

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