China Tax & Investment Express Issue No. 2023048 – Self-Assessment and Commitment Form for Substantive Production for Hainan

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 Hainan Provincial Tax Service, State Taxation Administration (Hainan Tax Services) regarding the submission of “Self-Assessment and Commitment Form for Substantive Production” for enterprises entitled to corporate income tax incentives in Hainan Pilot Free Trade Port (PFTP); Notice issued by the Human Resources and Social Security Department of Hainan and Hainan Tax Services regarding the application for 2023 preferential Individual Income Tax (IIT) treatments for personnel working in aviation, shipping, and offshore oil and gas exploration industries who have resided in Hainan PFTP for less than 183 days in tax year 2023; China Advance Pricing Arrangement Annual Report 2022; Administrative measures of Foshan on the implementation of financial subsidy for the preferential IIT policy in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA); Application guidelines of Foshan on the 2023 financial subsidy for the preferential IIT policy in the GBA; Overall Development Plan for the Guangdong-Macau In-depth Cooperation Zone in Hengqin; Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone; Public notice regarding the tariff adjustment plan for 2024.

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.