Notice of the Ministry of Finance and the State Administration of Taxation on the Individual Income Tax Policy for High-End and Urgently Needed Talents in Hainan Free Trade Port

This notice provides that high-end and urgently needed talents working in Hainan Free Trade Port are exempt from individual income tax on the portion of their tax burden exceeding 15%, covering comprehensive income, business income, and talent subsidy income sourced from the port. The policy is effective from January 1, 2020 to December 31, 2024, and is subject to a list management system to be jointly formulated by Hainan Province, the Ministry of Finance, and the State Administration of Taxation.