The Shanghai Pilot Free Trade Zone is expanding to include Lingang New Area. It will offer businesses tax cuts, duty exemptions, and access to other beneficial policies to attract greater talent settlement.
On 30 August 2019, the Shanghai Municipal Government released the announcement "Several Opinions on Promoting the Implementation of Special Support Policies for the Quality Development of the Lingang New Area of the China (Shanghai) Free Trade Zone" which introduced 50 measures with regard to the administration of the zone, professional talents, finance and taxation, land planning, industrial development, housing supply and infrastructure. The measures apply from 1 September 2019 to 31 August 2023.
The tax incentives contained in the announcement are as follows:
Furthermore, a special tax policy relating to goods entering the zone, transactions of goods and services between enterprises within the zone is being developed, as is the VAT policy on export of services.
Back to top