BEIJING, Oct. 24 (Xinhua) -- South China's Guangdong Hengqin Free Trade Zone (FTZ) has attracted 2,434 Hong Kong and Macao enterprises to settle down over the past three years, among which 1,258 are from Macao and 1,176 from Hong Kong, according to Guangdong Provincial Tax Service on Tuesday.
With the opening of the Hong Kong-Zhuhai-Macao Bridge, Hengqin will become the only FTZ in the Chinese mainland connected with Hong Kong and Macao, said Huang Yong, head of the tax authority in Hengqin.
The local tax department has been improving management measures and services based on the demands of the enterprises from Hong Kong and Macao, as well as solving their practical tax issues to provide a better environment. Since 2017, the tax department has reduced taxation of 3.5 billion yuan for Hong Kong enterprises and 15 million yuan for Macao enterprises.
The favorable policy of 15-percent corporate income tax rate has helped reduce taxes of more than 270 million yuan for Hong Kong and Macao enterprises since its implementation, said Zeng Tianxiang, head of the tax authority in Zhuhai. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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