Preferential Tax Policies in Qianhai
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Preferential Corporate Income Tax Policy
Basis:
(1)
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Notice of the Ministry of Finance and the State Taxation Administration on Continuing Preferential Corporate Income Tax Policy in Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone (Caishui [2026] No. 3)
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(2)
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Notice of the Ministry of Finance and the State Taxation Administration on Preferential Corporate Income Tax Policy in Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone (Caishui [2024] No. 13)
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(3)
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Public Announcement of State Taxation Administration Shenzhen Tax Bureau and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration Authority Regarding Clarifications on the Relevant Issues of Preferential Corporate Income Tax Policy in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (2023 No. 4)
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(4)
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Notice of the Ministry of Finance and the State Taxation Administration on Continuing Preferential Corporate Income Tax Policy in Qianhai Shenzhen-Hongkong Modern Service Industrial Cooperation Zone (Caishui [2021] No.30)
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Qualified enterprises established in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone may enjoy a reduced corporate income tax rate of 15%. The relevant enterprises shall satisfy the following conditions:
(1)
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Mainly engaged in the encouraged industries listed in the Catalogue of Preferential Corporate Income Tax in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (2021 Edition), and the main business income accounts for at least 60% of the total income.
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(2)
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Carry out a substantial operation in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. If an enterprise is registered in the cooperation zone only, while any of its production and operation, personnel, finance, or property etc. are not in the zone, it will not be considered to have substantial operations in the zone and thus cannot enjoy the preferential corporate income tax policy.
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The Catalogue of Preferential Corporate Income Tax in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (2021 Edition) covers the following industries: (1) Modern Logistics Industry; (2) Information Service Industry; (3) Science and Technology Service Industry; (4) Culture and Creative Industry; (5) Commercial Service Industry.
The above preferential corporate income tax policy shall be implemented until 31 December 2027 and apply to the entire area of Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone after expansion, including the original Qianhai cooperation zone, Shekou and Daxiaonanshan area, Convention and Exhibition New City and Ocean New City area, Airport and surrounding area, Bao'an Central District and Dachanwan area.
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Preferential Individual Income Tax Policy
Basis: Circular on Preferential Individual Income Tax Policy in Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone (Caishui [2024] No.12), which shall be effective until 31 December 2027.
Hong Kong residents working in Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone may be exempted from paying the portion of their individual income tax that exceeds the tax they would have paid in Hong Kong. The said individual income tax preferential policy applies to the entire area of Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone after expansion.
Qualified Hong Kong residents can enjoy the above preferential individual income tax policy when handling the annual individual income tax settlement in Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone.
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