What are the specific individual income tax policies for foreign talents in the Hainan Free Trade Port?

[TropicalHainan]

The Overall Plan for the Construction of the Hainan Free Trade Port clarifies that before 2025, anything exceeding 15% of the actual individual income tax burden will be exempted for high-end talents and talents urgently needed to work in the Hainan Free Trade Port;

Before 2035, for individuals who have lived in the Hainan for a total of 183 days in a tax year, their individual income tax for comprehensive income and operating income derived from the Hainan Free Trade Port will be levied at three different progressive tax rates of 3%, 10%, and 15%.

According to a Notice from the Ministry of Finance and the State Administration of Taxation on the Income Tax Policy for High-end Talents in the Hainan Free Trade Port (CS(2020)No.32), currently, the individual income tax policies for relevant talent before 2025 will be executed to exempt anything exceeding 15% for high-end talents and talents urgently needed too work in the Hainan Free Trade Port.