China News Agency, Haikou, June 1 (Reporter Wang Ziqian) The General Plan for the Construction of the Hainan Free Trade Port issued by the Central Committee of the Communist Party of China and the State Council specifies that Hainan will implement a zero-tariff policy for some imported goods by 2025. Among them, the duty-free shopping quota for outlying islands will be relaxed to 100,000 yuan per person per year (RMB, the same below), and the variety of duty-free goods will be expanded.
The picture shows a male customer queuing to pay at the Haikou Riyue Plaza Duty Free Shop. China News Service reporter Luo Yunfei
The island tax-free shopping policy is a special preferential policy granted by the state to Hainan. Since the implementation in 2011, it has undergone five adjustments, and the annual tax allowance has been increased to 30,000 yuan. There is no limit to the number of purchases in the natural year. Residents inside and outside the island can enjoy the same tax-free shopping policy. At present, Hainan has implemented the island tax exemption policy to cover "air, sea, and rail" three types of island passengers, and there are "four places in three places" in duty-free shops.
The tax-free shopping policy on outlying islands is the "golden sign" of Hainan Tourism. Haikou Customs introduced that from the implementation of this policy to the first quarter of 2020, the Customs has supervised the sales of 72.01 million pieces of island-exempt duty-free goods, with a sales amount of 55.07 billion yuan and 16.097 million shoppers. This year's new coronary pneumonia epidemic has had a short-term impact on Hainan's offshore tax-free business, but the main business indicators have recovered quickly.
Several departments in Hainan Province revealed in March this year that the province is seeking national support for further liberalization policies within the framework of a free trade port, including the introduction of world-famous duty-free sales groups to open duty-free shops in Hainan, layout of large boutique flagship stores, and introduction of high-end consumer brands Measures such as simplifying duty-free shopping procedures and expanding the scale of duty-free goods online sales.
The relevant person in charge of China Tourism Group revealed in April that CTS will cooperate with the Hainan Provincial Government to add two duty-free shops in Sanya City and Sanya Phoenix Airport. (Finish)