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Legal update
Hainan Released Document to Interpret the Catalogue of Encouraged Industries
Pubdate：2022.11.11
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On November 8, 2022, Hainan released the Guidelines on the Interpretation of the Catalogue of Encouraged Industries in the Hainan Free Trade Port (2020 Version). It is a reference to judge if a business falls under the encouraged industry.
Enterprises in encouraged industries in the Hainan Free Trade Port are entitled to a preferential 15 percent corporate income tax rate, and the catalogue of encouraged industries include the industries encouraged in the National Catalogue and the newly added encouraged industries in the Hainan Free Trade Port.
