Highlights of Hainan free trade port master plan
    
        
    
      
    
      
    
        
          
          chinadaily.com.cn |
          Updated: 2020-06-03 06:40
          
          
          
          
        


        
      
    
      
    
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   A staff explains to a taxpayer about a new policy on VAT reduction at a local tax bureau in Fengze district of Quanzhou, Southeast China's Fujian province, April 1, 2019. [Photo/Xinhua] 
 
     

     

    8. Taxation system
     

    An internationally competitive taxation system will be established, which should be suitable for a high-level free trade port by sticking to the principle of zero tariffs, low tax rates, a simplified taxation system and the rule of law.
     

        
    

        
        
      
    
        
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