Core Viewpoint - The article discusses the recent actions taken by tax authorities against venture capital companies in Hainan Free Trade Port, particularly focusing on the denial of tax incentives based on the lack of proper registration as per the Interim Measures for the Administration of Venture Capital Enterprises [1][2]. Group 1: Tax Incentives and Regulations - The local tax authority has issued a notice stating that a venture capital company registered in Hainan Free Trade Port is not eligible for the 15% corporate income tax rate due to failure to register according to the Interim Measures for the Administration of Venture Capital Enterprises [2][3]. - The criteria for enjoying the 15% tax rate include being registered in Hainan, having the main business income from encouraged industries exceeding 60%, and meeting substantial operational conditions [3][6]. - The tax incentive policy is valid until December 31, 2027, as extended by the Ministry of Finance and the State Taxation Administration [6]. Group 2: Registration and Compliance - The Interim Measures for the Administration of Venture Capital Enterprises stipulate that registration is voluntary and does not constitute a barrier to market entry [8][10]. - Registered venture capital enterprises can receive policy support, including potential funding from government-led venture capital funds [9][10]. - The tax authority's requirement for registration to qualify for tax incentives is not explicitly stated in the tax incentive policy, indicating that unregistered companies may still be eligible if they meet other criteria [6][7]. Group 3: Discrepancies in Policy Interpretation - The Hainan Provincial Development and Reform Commission has issued guidelines that incorrectly link the tax incentive to the registration requirement, which exceeds its authority [13][14]. - The guidelines have created confusion and may hinder the growth of smaller venture capital firms in Hainan, potentially reducing investment in local small and medium enterprises [17][18]. - The article suggests that venture capital firms should proceed with registration to avoid tax disputes and protect their investments, despite the lack of a legal basis for the registration requirement in the tax incentive policy [18].
未备案的创业投资企业能否享受海南自贸港15%企业所得税优惠税率？