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China Tax & Investment Express Issue No. 2020051 - The implementation of preferential Individual Income Tax policies for high-end talents in Hainan Free Trade Port
China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Notice issued by the Finance Bureau of Hainan Province, Hainan Provincial Tax Service, State Taxation Administration, Administration for Market Supervision of Hainan Province and Talent Development Bureau of Communist Party of China, Hainan Provincial Committee regarding matters related to the implementation of preferential Individual Income Tax policies for high-end talents in Hainan Free Trade Port; Public notice (PN) regarding certain issues related to implementing electronic special Value-added Tax invoices for new taxpayers; Notice regarding the 2021 tariff adjustment plan; Measures for the Security Review of Foreign Investment; Notice regarding the “Administrative Measures of the Customs of the People’s Republic of China for the Duty Reduction and Exemption of Imports and Exports”.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.