Tax data: Hengqin Guangdong-Macao Deep Cooperation Zone has achieved remarkable results after five years of establishment

China News Service, Beijing, October 14 (Reporter Zhao Jianhua) Data released by the State Administration of Taxation of China on the 14th showed that in the five years since the establishment of the Hengqin Guangdong-Macao Deep Cooperation Zone (hereinafter referred to as the Cooperation Zone), the business scale and benefits of enterprises in the Cooperation Zone have steadily increased, the benefits and tax contributions of key industries have maintained rapid growth, and the number, income and scale of benefits enjoyed by Macao residents working in the Cooperation Zone have continued to grow.

The cooperation zone as a whole shows a good development trend. From 2021 to 2025, the number of enterprises in the cooperation zone that have completed tax registration increased from 37,200 to 42,800, the declared operating income increased from 419.63 billion yuan (RMB, the same below) to 513.34 billion yuan, and the total realized profits increased from 68.12 billion yuan to 72.7 billion yuan. During the same period, the number of employees in enterprises in the cooperation zone increased from 184,000 to 207,000. In 2025, there will be nearly 6,000 Macao residents filing personal income tax returns in the cooperation zone, an increase of 58.5% compared with 2021; the per capita declared income will nearly double compared with 2021. From 2021 to 2025, a total of more than 2,200 Macao residents have enjoyed preferential personal income tax policies, with a total personal income tax reduction of nearly 130 million yuan, and the per capita preferential tax amount increased by 33.1%.

The number of tax-related Australian-funded enterprises in the cooperation zone, business scale and tax contribution continue to increase. From 2021 to 2025, the number of tax-related Australian-funded enterprises in the cooperation zone increased from 3,563 to 5,910; the average annual increase in declared operating income and tax contribution exceeded 30%. As of the end of August this year, the number of Australian-funded enterprises in the cooperation zone has further increased to 6,194.

In recent years, the number of enterprises, business scale, efficiency and tax contribution of the four key industries in the cooperation zone, including scientific research and development and high-end manufacturing, traditional Chinese medicine and other Macao brand industries, culture, tourism, exhibition and trade, and modern finance, have all maintained rapid growth. In 2025, there will be nearly 24,000 enterprises in the four key industries in the cooperation zone, and their declared operating income and total profits will increase by an average of 14.8%, 8.8% and 2.9% respectively compared with 2021. During the same period, the tax revenue contributed by the four key industries in the cooperation zone accounted for 60.2% of the cooperation zone's tax revenue. In the first eight months of this year, the tax share further rose to 63%.

Multiple sets of tax data reflect the development trend of accelerated integration between Hengqin and Macao and continued improvement in the level of integration. The relevant person in charge of the Guangdong Provincial Taxation Bureau of the State Administration of Taxation stated that they will continue to implement the preferential tax and fee policies to support the development of the cooperation zone, and help the cooperation zone become a new platform to promote moderately diversified economic development in Macao, a new space to facilitate the life and employment of Macao residents, a new demonstration to enrich the practice of "one country, two systems", and a new highland to promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. (over)