Hainan Free Trade Port overall plan
(WorldNews Business)

According to the Hainan Free Trade Port overall plan, there will be low tax rates for certain enterprises. Imported products are entitled to a tax exemption policy. Tourism enterprises are entitled to a reduced corporate income tax rate of 15 per cent; Modern service and high-tech industries enjoy tax exemption for income from newly increased Overseas Direct Investment before 2025; Capital expenditures are allowed to be fully deducted from taxable income or depreciated and amortized at an accelerated speed; highly-demanded talents enjoy an personal income tax of 15 per cent Be fully authorized by...