Hainan's new policy on duty-free shopping brings a tax-free economy, "Haidai" is coming, and the purchasing market is heating up
How does "shopping paradise" say no to purchasing?
Recently, driven by Hainan's new tax-free shopping policy, the tax-free economy has set off a boom. But at the same time, the tax-free craze has spread to the purchasing circle, and many Japanese and South Korean purchasing agents who could not purchase abroad due to the epidemic have turned to Hainan. How to standardize duty-free shopping and crack down on purchasing has become the focus of public opinion.
The annual tax-free shopping quota per person for outlying island passengers is increased to 100,000 yuan per year, unlimited times, and the single-item commodity tax exemption limit of 8,000 yuan is cancelled. The variety of island-free tax-free commodities has been increased from 38 to 45...
Along with the imagination of Hainan to create a new "shopping paradise" in all walks of life, the first week of the implementation of the new tax-free policy on Hainan's outlying islands, 65,000 passengers made purchases with a total purchase of 450 million yuan. In the capital market, the duty-free sector has also continued to be hot. As of July 10, several stocks have continued to limit their boards.
But at the same time, Hainan's tax-free boom has spread to the purchasing circle. The reporter learned from the interview that the price of some duty-free commodities on the outlying islands is lower than that in Japan, South Korea, Singapore, and other markets, and the inconvenience of leaving the country under the influence of the epidemic has greatly increased Hainan's purchasing business.
Under the New Deal, Hainan's duty-free shopping is popular
"Hainan Duty Free Top iPhone is nearly 2,500 yuan cheaper than the official website, which is equivalent to 20% off!" On the first day of the implementation of the Hainan Duty Free Shopping New Deal, this news that rushed to the hot search made many people have a "true fragrance" of Hainan Duty Free Shopping. Intuitive feeling.
This is not the "biggest bargain" consumers can find in Hainan duty-free shops. As the double-material champion of sales and sales in the first week of the New Deal, Hainan Islands' duty-free cosmetics pricing is not only lower than the counters, but even 10% to 20% lower than the average selling prices in traditional popular markets such as Japan, South Korea, and Singapore.
"Duty-free goods are mainly exempt from the three taxes, firstly the import tax, then the consumption tax and value-added tax." Zhu Zijun, a researcher of Harvest Fund, told reporters that the preferential tax rates of these three links make the price of duty-free products very obvious. Competitive advantage, "Generally speaking, there is a range of 50% to 5.8% of taxable goods."
In addition to highly competitive duty-free commodities, the supporting products of Hainan's duty-free shopping recently have also been well received by the market. On July 6th, the HNA Group launched the "HNA Freely Flying, Gathering Free Trade Port" product, priced at 2699 yuan/person, and presented 2880 yuan as a voucher for the Hainan Duty Free Shop under the China Exemption Group.
Some civil aviation experts said that although HNA’s product discounts are not as good as those of other airlines, they have found a good combination with the island tax exemption policy. The main target customers are “buy, buy, buy” tourists in Hainan.
There are not many tourists who are heading to "Buy, Buy, Buy" to go to Hainan. Xiang Hanshang from Hunan has just canceled his original travel plan. Hainan is his new destination. "Actually, I just went to Hainan last year, and I went to the duty-free shop at the time. I didn’t find much worth buying. But now there are more types of goods and the amount is higher. Recently, the prices of air tickets and hotels are not expensive. Go once."
"Haidai" behind the tax-free fever is heating up
Under the New Deal, Hainan's duty-free shopping is popular, and the Hainan cultural and tourism market is expected to usher in a small peak. However, it is the purchasing business that heats up faster. Xiao Nan of the tourism industry felt the same, "After the epidemic, many colleagues were at home, and many people started to work part-time as a purchaser."
After five years of working as a tour guide, Xiao Nan also began a transition to purchasing last month. "In the past, the tax exemption quota was relatively low. Individuals only had 30,000 yuan and they could only buy six or seven items, which is certainly not enough for purchasing. Now not only the quota is up, but the price advantage is also obvious."
According to the new tax-free shopping policy, the tax-free shopping quota in Hainan will be increased from 30,000 yuan per person to 100,000 yuan per year starting July 1. At the same time, the variety of duty-free commodities on the islands has also increased from 38 to 45. Products such as mobile phones and tablet PCs that are popular with consumers are included in the scope of tax exemption.
According to media reports, many Japanese and South Korean purchasers who cannot purchase overseas due to the epidemic have turned to Hainan. Many Hainan purchasers are active on multiple e-commerce platforms or social platforms. Xiao Nan revealed to reporters that the duty-free New Deal and the duty-free shop promotions are superimposed, and the demand for cosmetics and other popular merchandise purchases has just risen. "There are a few long queues in duty-free shops, and of course there are tourists, but most of them buy for people."
The reporter learned that in the purchasing circle, the new purchasing is often in the stage of expanding customer base, and the number of purchasing is not large. But Xiao Nan's part-time purchasing has just been for more than a month, and now it is necessary to find four or five people to go to the duty-free shop together to meet the customer's purchasing needs.
Data show that in 2018, China's overseas market reached 90 million people, and the overseas purchasing market reached 260.1 billion yuan. The industry generally expects that with the development of the domestic tax-free market, some purchasing needs will return.
The tax-exempt policy "Jing" can't make purchasing people think
Significantly relaxing the tax-free shopping policy for outlying islands is an important part of the design of the "zero tariff" system for Hainan Free Trade Port. The original intention of the policy is to increase the convenience of shopping, promote the convenient and efficient flow of various elements, and consolidate the industrial foundation of Hainan's real economic development. The heating of the "Haidai" is obviously not planned.
"If you allow the purchase to make the difference, it will make the country's policies change, and it is easy to destroy the normal development order of the market economy." Bai Ming, deputy director of the Market Research Institute of the Research Institute of the Ministry of Commerce, said that the purpose of the establishment of the tax-free islands is mainly for construction The Hainan International Tourism Consumption Center, tax exemption is equivalent to the state giving benefits to consumers and must be regulated.
On July 6, the General Administration of Customs issued the revised "Regulations of the Customs of the People's Republic of China on Tax-Free Shopping for Hainan Islands Travellers", clearly saying no to "Haidai".
According to this method, if you purchase tax-free goods for others for the purpose of profit-making or re-sell the purchased tax-free goods on the domestic market, you shall provide false identification documents or travel documents when you purchase or extract the tax-free goods, or use non-compliant identification documents or travel documents. Or provide false outlying island information will be handled by the customs in accordance with relevant laws and regulations. Since the day when the customs made the decision, it shall not enjoy the tax-free shopping policy for outlying islands within 3 years and may be included in the relevant credit records in accordance with the relevant regulations.
"According to the regulations, the second sale after the purchase of duty-free products is tax evasion and tax evasion. However, at present, the crackdown on the purchase and purchasing is still facing some problems in the identification and operation." Zhao Zhan, a special researcher of the Intellectual Property Center of China University of Political Science and Law, told reporters It said that how to determine the second transaction of duty-free goods needs further clarification. Moreover, purchasing transactions often carry certain concealment, for example, they are conducted in a peer-to-peer private transaction mode, which is not easy to find and difficult to supervise.
It is understood that after the promulgation of the E-Commerce Law, my country has continued to increase its supervision and governance of purchasing, and has accumulated some experience, but it still needs to constantly improve its technical means. At the same time, there are also views that the hotness of duty-free goods purchasing shows strong domestic demand. While standardizing duty-free shopping and severely cracking down on purchasing, it is also necessary to continue to open wider to the outside world to better meet the domestic demand for duty-free goods.
Our reporter Bei Mengyuan