Hengqin Cooperation Zone Issues Detailed Guidelines, Clarifying Implementation Path for Corporate Income Tax Incentives
On September 5, 2021, the State Council of China issued the “Master Plan of the Development of the Guangdong-Macao Intensive Cooperation Zone in Hengqin,” establishing a preferential corporate income tax policy framework for the Guangdong-Macao In-depth Cooperation Zone in Hengqin (hereinafter referred to as the “Hengqin Cooperation Zone”). This policy clearly stipulates that eligible industrial enterprises will receive a preferential corporate income tax rate of 15%, a significant reduction from the Mainland's standard rate of 25%.
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