Notice of the Ministry of Finance and the State Taxation Administration on Extending the Implementation Period of Preferential Corporate Income Tax Policies for the Hainan Free Trade Port

(Cai Shui [2025] No. 3)

Issuing Authorities: Ministry of Finance, State Taxation Administration
Date of Issuance: January 2025

To: Hainan Provincial Department of Finance, Hainan Provincial Tax Service of the State Taxation Administration

In order to continue supporting the construction and high-quality development of the Hainan Free Trade Port, and with the approval of the State Council, the following notice on extending the implementation period of preferential corporate income tax policies is hereby issued.

Article I

The preferential corporate income tax policies stipulated in the Notice of the Ministry of Finance and the State Taxation Administration on Preferential Corporate Income Tax Policies for the Hainan Free Trade Port

(Cai Shui [2020] No. 31)
shall continue to be implemented until December 31, 2027.

Article II

During the extended period, the policy provisions, application scope, eligibility criteria, and administration requirements shall remain unchanged.
Enterprises meeting the conditions for substantive operations and engaged in encouraged industries, as defined in Cai Shui [2020] No. 31, may continue to enjoy the 15 percent corporate income tax rate on qualifying income derived within the Hainan Free Trade Port.

Article III

The Hainan Provincial Department of Finance and the Hainan Provincial Tax Service of the State Taxation Administration shall strengthen supervision and administration, improve service quality, and ensure the policy is implemented in accordance with laws and regulations.
Where major issues arise during implementation, they shall be promptly reported to the Ministry of Finance and the State Taxation Administration.

Article IV

This Notice shall take effect from January 1, 2025, and remain valid through December 31, 2027.

Ministry of Finance
State Taxation Administration
January 2025