(A) tax incentives and support policies in the context of Hainan
1, preferential tax policies
(1) The enterprise income tax will be levied at the reduced rate of 15% for encouraged industrial enterprises registered in Hainan Free Trade Port and having substantial operations.
China generally levies 25% corporate income tax. Even in Shanghai, Shenzhen and other policy highlands, only some regions and industries have the opportunity to enjoy 15% income tax, and the opportunity is rare. In Hainan, except for the negative list industry, all industries in the province can enjoy it.
At present, for qualified venture capital enterprises established in Hainan Free Trade Port, on the one hand, the taxable income can be deducted by 70% of the investment in small and medium-sized high-tech enterprises and high-tech enterprises in the initial stage, on the other hand, the enterprise income tax can be reduced by 15% for encouraged industries in Hainan Free Trade Port.
(2) For high-end talents and talents in short supply who work in Hainan Free Trade Port, the actual personal income tax burden exceeds 15%, which shall be exempted.
Personal income tax is more attractive. Generally, the mainland adopts the "seven-step excess progressive tax rate", which is 3%, 10%, 20%, 25%, 30%, 35% and 45% respectively. Hainan, on the other hand, is simplified to the third grade, provided that as long as individuals who have lived in Hainan for 183 days, their income comes from the income within the scope of Hainan Free Trade Port, and personal income tax is levied at the third grade according to the excess progressive tax rate of 3%, 10% and 15%, which is almost the same as the preferential treatment in Hong Kong, which is really attractive to high-paying talents! Hainan has a low personal income tax. Eligible venture capital practitioners can enjoy the preferential policy of exemption from personal income tax for the part of Hainan Free Trade Port's comprehensive income, business income and talent subsidy income recognized by Hainan Province that the actual tax burden exceeds 15%.
2. Adequate support policies
Project investment. If the project company invested by venture capital enterprises belongs to the encouraged industrial enterprises registered in Hainan Free Trade Port, the project company can also enjoy the tax reduction and exemption of 15%. Under the same circumstances, venture capital enterprises have higher dividend income and a stronger sense of enterprise acquisition.
Work and life. Venture capital practitioners who work in Hainan Free Trade Port and meet the requirements of high-level talents in Hainan Province can enjoy preferential policies such as talent settlement, house purchase and car purchase, spouse employment, children's schooling, medical care and housing.
3. Fast business registration
Hainan Free Trade Port continues to push enterprises to "reduce materials, links, time and expenses". At present, enterprises can register independently through the "Hainan e-registration" platform, and the time for starting enterprises will be reduced to 1 working day before the end of the year.
4. Free Trade Port Development Bonus
Policy dividends are constantly being released. Since the release of the overall plan for the construction of Hainan Free Trade Port in June 2020 1, a large number of policies with high gold content, such as Notice on Several Measures for Promoting Trade Liberalization and Facilitation of Hainan Free Trade Port and Several Special Measures for Supporting the Construction of Hainan Free Trade Port, have been intensively introduced and achieved results, which have actively promoted the smooth start and vigorous development of the construction of Hainan Free Trade Port.
The business environment is constantly improving. Hainan has accelerated the creation of a legalized, internationalized and convenient business environment. At present, the problem complaint mechanism and public opinion supervision mechanism have been established and put into operation, the reform of "one approval seal" has been initially completed, the "single window" of talent service has covered cities and counties, and 10 "one thing, one discussion" has been put into operation, which has greatly helped to improve the convenience of investment and construction in Hainan.
5. QFLP (Qualified Foreign Limited Partner) and QDLP (Qualified Domestic Limited Partner) policies of Hainan Free Trade Port.
On June 5438+ 10, 2020, the Interim Measures of Hainan Province on Carrying out Domestic Equity Investment of Qualified Foreign Limited Partners (QFLP) was promulgated, which effectively promoted the freedom and convenience of cross-border investment, and the cross-border capital inflow of Hainan Free Trade Port increased significantly. QFLP policy of Hainan Free Trade Port includes five highlights:
(1) "No joint trial", and registration is simple and efficient.
(2) The "seven prohibitions" and the implementation of negative list management for foreign investment.
(3) "Zero threshold", the access requirement is the lowest in the country.
(4) "No difference", domestic and foreign capital are treated equally.
(5) "More preferential treatment" and more powerful supporting policies.
On April 8th, 20021,Hainan Province jointly issued the Interim Measures for Overseas Investment of Qualified Domestic Limited Partners (QDLP), which opened up new channels for overseas investment and cross-border wealth management of domestic high-net-worth individuals and further stimulated the vitality of various market players. After the promulgation of the Measures, Hainan Provincial Local Financial Supervision Administration officially announced the list of the first batch of QDLP pilot enterprises in Hainan Free Trade Port in early August. After the announcement of the list, the pilot enterprises responded quickly and strived for the fund to land quickly.
In other places, QDLP can basically only set foot in the secondary market, but QDLP in Hainan can be both a primary market and a secondary market, with high flexibility.
QFLP can effectively attract overseas funds wishing to enter the China market, QDLP can attract overseas funds interested in investing, and the two-way channels for cross-border investment are smooth, creating a more relaxed capital flow environment for the development of the fund industry.
Legal basis:
People's Republic of China (PRC) Small and Medium-sized Enterprises Promotion Law
Article 11 _ The state implements a tax policy that is conducive to the development of small and micro enterprises, and implements measures such as deferring, reducing or exempting enterprise income tax and value-added tax for qualified small and micro enterprises in accordance with regulations, simplifying tax collection and management procedures, and reducing the tax burden of small and micro enterprises.
Article 12 The State implements preferential policies such as reducing or exempting administrative fees for small and micro enterprises to reduce their burdens.