The Ministry of Finance and the State Administration of Taxation recently issued the "Notice on the Preferential Policies for Enterprise Income Tax at Hainan Free Trade Port" (hereinafter referred to as the "Notice") clearly，For encouraged industrial enterprises registered in Hainan Free Trade Port and operating substantively，Collect corporate income tax at a reduced rate of 15%。

So-called encouraged industrial enterprises，refers to the industrial projects specified in the encouraged industry catalog of Hainan Free Trade Port as its main business，Enterprises whose main business income accounts for more than 60% of the total enterprise income。So-called substantive operations，refers to the actual management organization of the enterprise located in Hainan Free Trade Port，Consult with enterprise production and operation、188bet online sports betting Personnel、Accounting、Implement substantial comprehensive management and control of property, etc.。For enterprises that do not meet substantive operations，Not allowed to enjoy discounts。

The "Notice" also proposed，For the tourism industry established in Hainan Free Trade Port、Modern service industry、Income from new overseas direct investment by high-tech industrial enterprises，Exemption from corporate income tax。

For enterprises established in Hainan Free Trade Port，New purchase (including self-built、Self-developed) fixed assets or intangible assets，The unit value does not exceed 5 million yuan (inclusive)，Allow one-time cost expenses to be included in the current period and be deducted when calculating taxable income，No longer calculate depreciation and amortization on an annual basis；New purchase (including self-built、Self-developed) fixed assets or intangible assets，Unit value exceeds 5 million yuan，Depreciation can be shortened、Amortization period or accelerated depreciation、Amortization method。

Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of the Beijing National Accounting Institute, said in an interview with a reporter from the Shanghai Stock Exchange，The above policies first emphasize the orientation of industry，Only encouraged industries are allowed to enjoy preferential tax rates；The second is 188bet app to focus on substantive operations，Prevent Hainan Free Trade Port from becoming a tax depression；The third is to give full play to the platform function of Hainan Free Trade Port，Allow some specific encouraged key development industries to exempt income from corporate income tax from overseas direct investment，Change from credit system to territorial system。

“These are positive innovations in the tax system of Hainan Free Trade Port，The optimization of the tax system plays a positive guiding role in promoting the construction of free trade ports。It can be said that the key to the construction of a free trade port lies in institutional innovation，The innovation of the tax system comes first，It is the optimization of the internationalization of my country’s modern tax system，It is also the key to my country’s high-level opening up to create a good taxation and business environment。"Li Xuhong thinks。

The Ministry of Finance and the State Administration of Taxation also issued the "Notice on the Personal Income Tax Policy for High-end Shortage Talents in Hainan Free Trade Port" on the same day。Among them，For high-end talents and urgently needed talents working in Hainan Free Trade Port，The portion of its actual personal income tax burden exceeding 15%，Exempted from taxation。

188bet online sports betting Also，Income that enjoys the above preferential policies includes comprehensive income from Hainan Free Trade Port (including wages and salaries、Remuneration for labor service、Remuneration、Four items of income from royalties)、Business income and subsidized income for talents recognized by Hainan Province。

In Li Xuhong’s opinion，Currently for the development of Hainan Free Trade Port，Talent is crucial。Viewed from a high-level opening strategy，The flow of human capital is also a successor to commodities、Capital、Another important element besides data flow，Personal income tax concessions undoubtedly play a positive role in attracting talents。

"Overall，The above two tax policies of Hainan Free Trade Port play a key role in promoting the development of the Free Trade Port，It is also a key factor for investors to choose to invest in Hainan Free Trade Port。" Li Xuhong said。

188bet Online Sports Betting and Casino , original title：《Some corporate income taxes in Hainan Free Trade Port、Personal tax upper limit reduced to 15%》.