The Hainan Free Trade Port, in Haikou, presented significant progress in its customs operations and tax policies at a recent briefing. This development has drawn attention from international media representatives across 33 countries. The completion of essential infrastructure, the creation of a robust regulatory framework, and the enforcement of 18 tax regulations, including innovative ‘zero-tariff’ lists and a unique “dual 15%” income tax cap, are key highlights from the event. Embedded within these changes is the formal launch of special customs procedures scheduled for December 18, 2025, signifying a deliberate strategic pivot toward a more liberal economic landscape. This transformation…
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