The National Development and Reform Commission, the Ministry of Finance and the State Administration of Taxation issued the Catalogue of Encouraged Industries for Hainan Free Trade Port

Relevant responsible persons of the National Development and Reform Commission answered questions about the Catalogue of Encouraged Industries for Hainan Free Trade Port (2024 Edition) and stated that in order to coordinate the implementation of national industrial policies and promote the development of Hainan Free Trade Port, the Catalogue (2024 Edition) will continue to use the structure of "national existing catalogue ' regional new catalogue".

✅ The "national existing catalogue" includes the encouraged industries in the "Guidelines for Industrial Structure Adjustment" and the "Catalogue of Industries Encouraged for Foreign Investment", all of which are implemented in accordance with the latest versions.

✅ The "regional new catalogue" has been further revised and improved based on the implementation of the catalogue in recent years and the actual needs of Hainan, focusing on key industries such as tourism, modern services, and high-tech industries. It includes 14 major industries and 176 items, with 33 more items than the previous version. The new content is mainly concentrated in cultural tourism, new energy, medicine and health, aerospace, ecological and environmental protection and other fields.

Q: Please introduce the background and process of the revision of the Catalogue (2024 Edition)
A: The Catalogue is an important basis for guiding the direction of industrial development of Hainan Free Trade Port and implementing preferential policies such as corporate income tax. The previous version is the 2020 version. Since its implementation, the Catalogue (2020 Version) has played an important role in supporting the development of key industries in Hainan and promoting the accelerated agglomeration of high-quality enterprises. In order to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, accelerate the construction of Hainan Free Trade Port, and promote the better and faster development of Hainan's industries, our commission, together with the Ministry of Finance and the State Administration of Taxation, launched the revision of the Catalogue. During the revision process, we widely listened to the opinions of Hainan Province, relevant departments, relevant industry associations and business entities. Relevant parties put forward many constructive opinions, which we actively adopted after careful study. On this basis, we will submit the Catalogue (2024 Version) to the State Council for approval and then issue it for implementation.
Q: What are the main changes in this revision?
A: In order to coordinate the implementation of national industrial policies and promote the development of Hainan Free Trade Port, the Catalogue (2024 Version) continues to use the format structure of "national existing catalogue ' regional new catalogue". The "national existing catalogue" includes the encouraged industries in the "Guidelines for Industrial Structure Adjustment" and the "Catalogue of Encouraged Foreign Investment Industries", all of which are implemented in accordance with the latest versions. The "regional new catalogue" has been further revised and improved based on the implementation of the catalogue in recent years and the actual needs of Hainan, focusing on key industries such as tourism, modern services, and high-tech industries. It includes 14 major industries and 176 items, with 33 more items than the previous version. The new content is mainly concentrated in cultural tourism, new energy, medicine and health, aerospace, ecological and environmental protection and other fields.

Q: What preferential policies can enterprises in encouraged industries enjoy?

A: The "Overall Plan for the Construction of Hainan Free Trade Port" issued by the CPC Central Committee and the State Council proposes: "For encouraged industry enterprises registered in Hainan Free Trade Port and substantially operating, the corporate income tax shall be reduced to 15%", "For encouraged industry enterprises that do not contain imported materials or contain imported materials and the value-added exceeds 30% (inclusive) in Hainan Free Trade Port, they are exempted from import tariffs when entering the mainland through the "second line", and the import value-added tax and consumption tax shall be levied according to the regulations." Qualified encouraged industry enterprises can enjoy the above preferential policies in accordance with the relevant documents.

Q: How to resolve any doubts during the implementation of the "Catalog (2024 Edition)"?

A: Hainan Province is the implementing body of the "Catalog (2024 Edition)". During the implementation process, Hainan Provincial Taxation and other departments are responsible for judging whether the main business of the enterprise belongs to the "Catalog (2024 Edition)". If it is difficult to accurately determine, Hainan Provincial Taxation and other departments may request the provincial development and reform department to define it, and the provincial development and reform department shall issue an opinion within the specified time.