Legal analysis: For high-end talents and talents in short supply working in the Hainan Free Trade Port, the actual tax burden of their personal income tax exceeds 15% of the portion of the tax will be exempted. The income that enjoys the above preferential policies includes the comprehensive income (including wages and salaries, remuneration for labor, remuneration for manuscripts and royalties), business income, and the subsidized income of talents recognized by Hainan Province, which are derived from the Hainan Free Trade Port.
Legal basis: "Notice of the General Administration of Taxation on the Individual Income Tax Policies for High-end and Shortage Talents in Hainan Free Trade Port" (Cai Shui [2020] No. 32) Article 1 of the high-end talents and shortage talents working in Hainan Free Trade Port, the actual tax burden on their individual income tax exceeds 15% of the portion of the tax to be exempted.