2022 Personal Tax in Hainan
To implement the Overall Plan for the Construction of Hainan FTP, the Ministry of Finance (MOF) and the STA jointly released the Circular about Individual Income Tax Policy for High-End and Urgently Needed Talents at Hainan FTP (Cai Shui [2020] No.32).
According to the Circular 32, the individual income tax (IIT) rate is capped at 15% for high-end talents and talents in short supply who work in the Hainan Free Trade Port.
Previously implemented and effective until December 31, 2024.