STA, and the General Administration of Customs, relevant provisions regarding tax incentives for imported exhibits as stipulated in theCai Guan Shui [2023] No.5(Circular No.5) will continue to be implemented till 2025. From 2024
Enterprises that (a) are registered in Hainan FTP; (b) have “substantive operations” in Hainan; and (c) with their main business in the encouraged industries in Hainan are eligible for a reduced corporate income tax (CIT) rate of 15 percent from January 1, 2020, to December 31, 2024....