Chinanews client June 29-On June 29, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued the "Announcement on Tax-Free Shopping Policies for Hainan Islands Travelers", which will be implemented from July 1, 2020. The announcement clarifies that the annual tax-free shopping quota per person for outlying island passengers is 100,000 yuan per year, unlimited; cancel the 8,000 yuan tax-free limit for individual products; expand the variety of tax-free products, increase 7 types of consumer-friendly products such as electronic consumer products; only limited cosmetics ( 30 items), mobile phones (4 items) and alcohol products (total not more than 1500 ml) for single purchase quantity; passengers purchase goods that exceed the tax-free limit and limit, the import tax on imported goods shall be levied in accordance with the regulations; tax-free goods distribution qualification Of business entities can participate in the tax-free operation of Hainan Islands as required.
Tax-free shopping quota for Hainan Islands travellers raised to 100,000 yuan
2020-06-29T12:11:26.376Z
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Chinanews client June 29-On June 29, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued the "Announcement on Tax-Free Shopping Policies for Hainan Islands Travelers", which will be implemented from July 1, 2020. The announcement clarifies that the annual tax-free shopping quota per person for outlying island passengers is 100,000 yuan ...
Source: chinanews
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