QIANHAI

Guidelines for the recognition of industries eligible for preferential enterprise income tax policies recently released by the Qianhai Authority took effect on 20 May and will remain in force for five years. More

Starting from 7 May, enterprises in the Qianhai Comprehensive Bonded Zone are allowed, on a pilot basis, to carry out maintenance services for products in specific sectors. These include aviation and aerospace, shipping, rail transport, machine tools, telecommunications equipment, and precision electronic products. Maintenance for banned import and export goods is forbidden. More

The Qianhai Authority recently released a package of relief measures for market entities hard-hit by Covid-19. The package consists of 22 measures, including actions to reduce rent, stabilise jobs and payrolls, strengthen financial relief and cut taxes to reduce operating costs. More

The National Development and Reform Commission recently promulgated plans relating to the development of Hengqin and Qianhai. The Hengqin plan is intended to serve the interests of Macao and to promote the integrated development of Hengqin, while the Qianhai plan focuses on two key tasks: “expanding the scope of the zone” and “reform and opening-up”. More