The zero tariff policy of the Hainan Free Trade Port has resulted in tax reduction of 462 million yuan for enterprises

The zero tariff policy of the Hainan Free Trade Port has resulted in tax reduction of 462 million yuan for enterprises

Over the past year since the “General Plan for the Construction of Hainan Free Trade Port” was published, the “zero-tariff” list of raw materials, transportation vehicles, yachts and self-use production equipment has been implemented. According to haikou Customs statistics, by the end of July, the value of imported goods under the “zero tariff” policy reached 2.69 billion yuan, and the tax exemption for enterprises reached 462 million yuan. The products enjoyed include ships, yachts, automobiles, airplanes, production materials and production equipment.

 

In order to promote the free trade and investment facilitation of Hainan free trade port, Hainan implements the tax system of “zero tariff” as the basic feature of goods trade, and exempts import duties, import value-added tax and consumption tax for goods and articles under the list management. Enterprises in line with the preferential treatment conditions through China (Hainan) international trade “single window” Hainan feature application “zero tariff” special area for the qualification audit of the preferential treatment subjects, and then through the information system to complete the multi-department joint audit. The goods that pass the scope of enterprise import list can enjoy “zero tariff” goods import.