(1) enterprise income tax
Before 2025:
1, encourage enterprises to reduce the tax rate by 15%.
Since the release of the Overall Plan for the Construction of Hainan Free Trade Port, before 2025, the enterprise income tax will be levied at the reduced rate of 15% for encouraged industrial enterprises registered and operating in Hainan Free Trade Port.
China generally levies 25% corporate income tax. Even in Shanghai, Shenzhen and other policy highlands, only some regions and industries have the opportunity to enjoy 15% income tax, and the opportunity is rare. In Hainan, except for the negative list industry, all industries in the province can enjoy it.
The scope of industries encouraged by Hainan:
Manufacturing, construction, information transmission, software and information technology services, finance, leasing and business services, scientific research and technical services, transportation, warehousing and postal services, agriculture, forestry, animal husbandry and fishery, wholesale and retail, accommodation and catering, water conservancy, environment and public facilities management, education, health and social work, culture, sports and entertainment.
2, tourism, modern service industry, high-tech industrial enterprises overseas investment income shall be exempted.
Before 2025, enterprises in tourism, modern service industry and high-tech industries established in Hainan Free Trade Port will be exempted from enterprise income tax for newly added overseas direct investment before 2025.
Suppose a high-tech enterprise with a turnover of 70 billion, according to the original tax, needs to pay 9 billion tax every year, but if it is located in Hainan, it will save 9 billion! How many financial companies, large and small, work overtime every year to reduce taxes by tens of thousands? Isn't it sweet to save 9 billion yuan, expand industrial scale and invest in more projects?
From 2025 to 2035:
From 2025 to 2035, enterprise income tax will be levied at the reduced rate of 15% for enterprises registered in Hainan Free Trade Port and having substantial operations (except negative list industries).
What are the benefits of registering a Hainan company in 2022?
According to the overall plan for the construction of Hainan Free Trade Port issued by the Central the State Council, Hainan will be closed to the whole island in 2025. After the closure, Hainan Island will become an independent region, similar to Hong Kong. The central government has promulgated a law for Hainan called Hainan Free Trade Port Law.
In Hainan Free Trade Port, the applicable laws are different from those in our inland areas. What is the difference?
1, about "people" is different.
If you have an account in Hainan and a residence permit in Hainan, you will enjoy a special status after customs clearance, called offshore residents. What is an offshore resident?
Offshore residents, you can understand this. Before, many rich people wanted to move their hukou to Hong Kong, so they could enjoy a lot of convenience. For example, they can freely enter and leave the country in many aspects of visas. But if they move their hukou to Hong Kong, the handling fee will be very high. Now there is a simpler way, that is, to obtain offshore resident status in Hainan.
2. Offshore companies.
The corporate tax rate in Hainan is very low. How low is it? Take personal income tax as an example. Hainan individual income tax capped 15%. We should know that many rich people in the mainland pay personal income tax at 45%.
In addition, Hainan has a rich subsidy policy for all walks of life. At the same time, offshore companies in Hainan also have the same convenience of capital entry and exit as Hong Kong companies and Singapore companies, which is convenient for you to conduct trade settlement on a global scale. So the second advantage of Hainan is called offshore company.
3. Offshore assets.
The property you bought in Hainan and the deposit in your account in Hainan are called offshore assets. According to the central policy, Hainan's finance should be open to the whole world, that is, your assets can be freely convertible and your currency can be freely convertible. If you haven't started to lay out in Hainan, do it quickly.
Legal basis:
People's Republic of China (PRC) enterprise income tax law
Article 4 The enterprise income tax rate is 25%.
The tax rate applicable to non-resident enterprises obtaining the income specified in the third paragraph of Article 3 of this Law is 20%.