Recently, the "Regulations on Tax related Professional Services of Hainan Free Trade Port" were announced and will come into effect on November 1st. The Regulations on Tax related Professional Services of Hainan Free Trade Port (hereinafter referred to as the "Regulations") are important regulations for the high-quality development of modern service industry in Hainan Free Trade Port, and also the first local regulations in China to regulate tax related professional service behavior. As the operation of the free trade port is approaching, the special tax system has put forward higher requirements for tax related professional services. The Regulations can promote the smooth implementation of the special tax system by regulating the behavior of tax related professional service institutions and personnel, assist the tax authorities in achieving the "collection of all receivables" of tax revenue, better serve enterprises and individuals to enjoy the tax benefits of the free trade port, further promote the free and convenient flow of trade and investment, and have significant implications for the high-level opening of Hainan Free Trade Port. Lin Hongyan, Deputy Director of the Tax Service Department of the Hainan Provincial Taxation Bureau of the State Administration of Taxation, introduced that in terms of international cooperation, the "Regulations" focus on three aspects: innovating cross-border characteristic tax related services, clarifying the provision of cross-border personnel tax related services, facilitating cross-border investment and financing tax related services, accurately matching the cross-border business needs of free trade ports, and making international tax related matters more smoothly handled; Expand the opening up of industries to the outside world, allow overseas tax related professional service institutions and personnel to participate in local services in accordance with national and free trade port regulations, and break down regional barriers to industry access; Promote the internationalization of industry associations, encourage associations to build international and digital platforms, help tax related professional services connect with international rules, and strengthen international exchanges and cooperation. It is understood that the specific tax related professional services in this regulation include tax declaration agency, general tax consultation, professional tax advisor, tax compliance plan, tax certification, tax situation review and other service items. (New Society)