The tax incentive policy for enterprises in the HeTao Shenzhen-Hong Kong Technology Innovation Cooperation Zone has been issued, focusing on areas including blockchain and artificial intelligence

ChainCatcher news, the Ministry of Finance and the State Administration of Taxation issued the "Notice on the Corporate Income Tax Preferential Policy for Enterprises in the HeTao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone" (CaiShui [2024] No. 2), which clarifies that enterprises in the specific closed areas of the HeTao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone that meet the conditions for encouraged industries will be taxed at a reduced corporate income tax rate of 15%. The focus areas in the preferential catalog cover the information science and technology field, focusing on network and communication technology, semiconductors and integrated circuits, artificial intelligence and digital technology, precision instruments and equipment, blockchain and quantum information, among other national key development directions. Among them, blockchain technology includes distributed ledger, asymmetric encryption, consensus mechanism, smart contracts, and other blockchain technology research and development.