Gov't unveils tax policy for International Financial Center

 Corporate income tax for priority business lines

A newly-registered project in the international financial center shall be entitled to a corporate income tax rate of 10 percent for 30 years.

Corporate income tax shall be exempted for the maximum period of four years.

Corporate income tax shall be reduced by 50 percent for the maximum period of 9 subsequent years for income generated from new investment projects in the international financial center.

The above tax rates shall only be applied to investment projects belonging to priority business lines in the international financial center.

Corporate income tax for non-priority business lines

A newly-registered project in the international financial center shall be entitled to a corporate income tax rate of 15 percent for 15 years.

Corporate income tax shall be exempted for the maximum period of two years.

Corporate income tax shall be reduced by 50 percent for the maximum period of four subsequent years for income generated from new investment projects in the international financial center.

The above tax rates shall only be applied to investment projects belonging to non-priority business lines in the international financial center.

Personal income tax

Personal income tax shall be exempted for domestic and foreign experts, managers, scientists and skilled workers working at the international financial center by the end of 2030.

Individuals' income generated from share transfer and capital contribution to members of the international financial center shall be entitled to enjoying personal income tax exemption until the end of 2030./.