Core Insights - The offshore trade stamp duty tax incentive policy in Hainan Free Trade Port has begun to show positive effects, with 21 enterprises benefiting from a total of 9.67 million yuan in tax reductions in the second quarter of 2025 [1][2] Group 1: Policy Implementation - The Ministry of Finance and the State Taxation Administration issued a notice in March 2025 to continue the offshore trade stamp duty tax incentive policy, exempting stamp duty for contracts related to offshore trading by enterprises registered in Hainan Free Trade Port and other designated areas [1] - The policy has been particularly beneficial for key industries such as petroleum and product wholesale, metal and metal ore wholesale, and trade brokerage and agency [1] Group 2: Business Impact - The tax incentives have led to a reduction in operational costs and facilitated business expansion for companies in Hainan, with specific examples including 8 enterprises in Danzhou receiving 3.91 million yuan in tax reductions and 3 enterprises in Sanya benefiting from 3.07 million yuan [1] - Zhongkuang Guolian (Hainan) Development Co., Ltd. reported over 100% quarter-on-quarter growth in offshore trading business volume in Q2 2025, attributed to the combined effects of tax incentives and cross-border trade facilitation policies [2] Group 3: Coordination and Risk Management - Hainan Provincial Taxation Bureau has established a cross-departmental coordination mechanism with finance, commerce, and foreign exchange management departments to ensure smooth policy implementation and service management [2] - A comprehensive management service mechanism has been developed to prevent risks, including pre-implementation guidance, real-time reminders during implementation, and post-implementation risk response [2] - The Hainan Taxation Bureau is enhancing the offshore trade comprehensive service platform to improve the efficiency of tax compliance and management through digital means [2]