2022 Tax Policies in the Free Trade Port of Hainan
To implement the Overall Plan for the Construction of Hainan FTP, the Ministry of Finance (MOF) and the STA jointly released the Circular on Preferential Corporate Income Tax Policies in Hainan FTP (Cai Shui  No. 31).
According to the Circular 31, a 15% CIT may be applied for companies which are registered and have “substantive operations” in Hainan FTP and which are operating in the encouraged industries.
Previously implemented and effective until December 31, 2024.