Hainan Implements List Management for High-end Talent

The Hainan Provincial People’s Government recently issued interim measures for list management in relation to high-end and urgently-needed talents that may be subject to preferential personal income tax policies in the Hainan Free Trade Port. Individual income tax in excess of 15% will be waived. These measures are in force from 1 January 2020 to 31 December 2024.

Published together with these measures is a catalogue (2020 edition) of urgently-needed talents in designated industries in the Hainan Free Trade Port. It covers 18 categories, including individuals from Hong Kong, Macao and Taiwan operating in the Hainan Free Trade Port, technical backbone and management personnel in modern service industries, technical backbone and management personnel in high-tech industries, technical backbone and management talents in the internet field, and technical backbone and management talents in the financial field.

Source: Hainan Provincial People’s Government