Tax Incentives Offered in Specific Regions of China


Source: china-briefing.com china-briefing.com

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This article notes the tax incentives offered region-wise in China, including the western regions, Hainan FTP, GBA, and certain economic development zones. China has been introducing different tax incentive schemes in certain regions. Some regions, such as the Hainan Free Trade Port (FTP) and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), are part of the country’s economic development strategy, where tax incentives are there to help achieve ambitious development goals. Other regions are encouraged due to their lack of geographical and legacy industrial advantages and need policy support to lure investments for economic development like the vast western regions. In...