Hainan Extends Tax Incentives for High-End Talent Until 2027

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Hainan Extends Tax Incentives for High-End Talent Until 2027

The Ministry of Finance and the State Taxation Administration recently announced the extension of the preferential personal income tax policy for high-end and in-demand talent in the Hainan Free Trade Port until December 31, 2027.Tax Benefits OverviewUnder this policy, personal income tax for high-end talent will be capped at 15%. Any tax burden beyond that rate will be waived. The policy covers a broad range of income, including:• Salaries and …