Go to Hainan sweep goods average 15%-35% discount Super Forecast

Source: Internet
Author: User
Outlying islands duty-free shopping May implementation per person limit purchase 5000 Yuan New Express reporter Shing this year "51" long vacation, Guangzhou's petty white-collar workers in Sanya will be able to enjoy the beach Coconut Grove Beauty, but also can bring back a point "cheap" luxury. Yesterday, the Ministry of Finance issued "on Hainan outlying islands passenger duty-free shopping policy of the pilot Bulletin", Hainan will be on April 20, 2011 to run the outlying islands duty-free policy, May 1 from the formal implementation. The passengers are limited to 5000 yuan per person each time, and 18 kinds of jewellery watches are duty-free pilot products.  Hainan Island became the fourth area in the world to implement the outlying islands duty-free shopping policy after Japan Okinawa, South Korea Jeju Shido and Kinmen Island.  Tax exemption policy for outlying islands more than expected the head of the Customs Department of the Ministry of Finance said yesterday that the core of the outlying islands tax exemption policy was to change the application of duty-free shopping from departing passengers to outlying islands passengers, including their own citizens, with a wider range of applications and greater tax concessions. From the beginning of this year's New Year's Day to implement the foreign passenger shopping departure tax refund policy pilot situation--in January, Haikou customs audited 129 tax rebate application business, the total value of 462300 Yuan tax rebate, tax rebate only 50,800 yuan. In the 129-vote refund application, Sanya port for 110 votes, accounting for 85.2%.  The main reason for this result is that the rate concession is equal to 90 percent, and the number of beneficiaries is very small. It is understood that the tax exemption for customs duties, import links value-added tax and excise tax. The Ministry of Finance in January issued the "Import Goods tax adjustment program" shows that imports tariffs up to 50%, including tobacco, alcohol, cosmetics.  The excise and VAT rates are also as high as 30% and 17%. According to the notice, non-island travellers and local residents of Hainan can enjoy 2 and 1 duty-free shopping opportunities for outlying islands respectively in each calendar year. Each person shall not exceed 5000 yuan each time.  If you also want to buy more than 5000 yuan of goods, in full payment of imported goods import duty conditions, each person can buy another 1. Yang Chunyan, an analyst with Oriental Securities, said the policies announced yesterday were more than expected in terms of number of purchases or amount and quantity. Before the market generally agreed that the application of the target only domestic and foreign tourists, and the announcement of the island residents also included therein.  In addition, in the high-end consumer goods in the main watches, bags, etc. are included in the tax exemption, but also according to the provisions of the purchase of more than 5000 yuan of goods, these will directly increase the level of consumption per capita. Compared to Japan and South Korea's tax exemption policy, the Hainan preferential margin is also better. Hainan Province Department of Finance deputy director Lv Yong said, from the experience of overseas implementation, South Korea Jeju Limited purchase amount of 400,000 won (about 2400 yuan), Okinawa, Japan, although up to 200,000 yen (about 16000 yuan), but only exempt from the lower tax rates, the actual tax concessions are very limited.  From the actual situation of our country, tax concessions are significantly higher than Japan and Korea. The potential market at least 4.8 billion consulting firm McKinsey's latest releaseThe rising China luxury market report predicts sales of luxury goods in China are expected to reach $27 billion trillion by 2015, accounting for 20% of the world's luxury goods market. In 2010, China's luxury sales reached $12 billion trillion.  At the same time, according to the National Tourism Administration data, the number of domestic tourists to the United States last year about 1 million people, the average per capita tax rebate to buy more than 7000 U.S. dollars, the amount of consumption reached 7 billion U.S. dollars. Hainan outlying islands tax exemption policy can be divided into how much? CITIC Securities analyst She Analysis results show that, according to statistics of Hainan statistics, Hainan Island 2010, a total of 25.21 million visitors to host domestic tourists, an increase of 14.8%.  Based on conservative attitude, the number of visitors to 20 million people as the base, assuming that per capita consumption of 1500 yuan, into the shop rate of 20%, domestic tourists buy duty-free shop market share of 80% to calculate, the outlying islands duty-free policy at least for Hainan can bring 4.8 billion yuan duty-free sales increment. Whether that means that luxury spending in other cities will be hit.  Hainan Province Business Office deputy director Wang Keqiang that Hainan is still in an experimental stage, the development of the basic and operational links need to have a process of development, and the amount of shopping, the number of restrictions will not affect the mainland retail industry, not to impact Hong Kong. Jiangguoyuan, deputy general manager of Guangzhou Friendship store, also said to the New Express reporter, to consider the cost of airfare and accommodation, customers deliberately to buy the situation is more difficult to happen.  But some tourists to travel at the same time to bring back a little high-end goods will certainly have, so now can not say that the policy on the high-end consumer market in Guangzhou has no effect, but believe that the impact will not be big. However, although the blueprint is particularly beautiful now, but actually can do so, there are insiders believe that Hainan has a lot of homework to do. Prior to this, local tour guides, drivers, catering and other tourism-related industries shoddy, high prices of tourists and other tourism environment problems have been very serious, the image of international tourism island greatly discounted.  At the same time, talent, soft power and other aspects also have bottlenecks.  Four ask Hainan outlying islands duty-free 1 Hainan how much cheaper? Simple to 1000 yuan of foreign cosmetics for example, in the case of duty-paid, the need to levy a 50% import duties, 30% consumption tax, 17% value-added tax.  Do not consider the reasonable profit rate of 2507 yuan after duty. And yesterday reporter from China duty-free Goods (group) Limited Liability company (abbreviation group) learned that, the first start-up of the trial of Sanya duty-free shop duty-free goods sold by the group directly from the brand of origin procurement, there is no intermediate link, and duty-free goods exempted from import tariff, value-added tax and special consumption tax,  So the duty-free retail price of the same commodity is lower than the domestic tax rate of about 15%-35%.  2 where is the gap with Hong Kong? Xiafeng, director of Hainan Institute of China (Hainan) Reform Institute, believes that Hainan will not pose a threat to Hong Kong's status as a world shopping centre in the next 10 years.  What is the difference? Guangzhou hundred Jia Xin Group deputy general manager and commercial real estate general manager landlords boat thought, Hong Kong is a tourism shopping market which has been formed for several decades, with complete variety and perfect service. The new listing of international brands is definitely the first time in Hong Kong, and the mainland is often in the past quarter. In addition, Hong Kong's legal awareness is relatively perfect.  A previous survey by the Ministry of Commerce also showed that 20 brands of high-end consumer goods, such as watches, bags, clothing, alcohol and electronic products, had the difference in price, and the mainland market was about 45% higher than that in Hong Kong.  3 What can be bought at present? Journalists from the group to understand that the business area of Sanya duty-free shop up to 7000 square meters, mainly engaged in covering perfume cosmetics, jewelry, watches, clothing, leather goods, bags, sunglasses, travel supplies, China and Hainan specialties, such as 10 categories, Dior, Chanel, Lancome, Lauder, Shiseido, The world's top five perfume cosmetics brand all settled, Gucci, Tiffany and other international top luxury brands in Sanya store also achieved the first time to enter the mainland duty-free market, Burberry, Hugoboss, Zegna, Ferragamo and other world's top brands have also opened its mainland in Sanya store image of the latest, the largest area,  The most complete duty-free store.  4 How to handle tax exemption for outlying islands? The Outlying Islands tax exemption policy refers to the imposition of restrictions, limits, limits and restrictions on the number of passengers travelling on outlying islands (excluding departure), the tax concession on outlying islands duty-free shops, and the collection of outlying islands in the airport quarantine area. Among them, the outlying islands duty-free shop refers to the duty-free shop which has the exemption policy of the outlying islands and implements franchising. According to the policy requirements, the outlying islands duty-free shopping implementation of the store payment, airport delivery of a new model.  That is, customers are required to purchase goods in the Sanya duty-free shop and delivery of the entire paragraph, from the Sanya Phoenix International Airport on the island, with delivery documents in the airport within the departure zone of the designated pick-up place to extract the duty-free goods purchased. Links to the Hainan plate "see Light dead" has been because of the outlying islands tax exemption policy has been the speculation of the Hainan plate yesterday in the policy, but did not appear to rise, but almost overall drift green. Among them, the country's most-benefited Chinese brigade opened yesterday with a low opening, with a fall of nearly 3% per cent and a 1.19% per cent decline of 28.21. In addition, Hainan high-speed, Hainan Airlines, Hainan Yedaolugui and other direct beneficiaries of the shares are also different degrees of decline. Market recognition, Hainan Plate has been a lot of speculation, although this week before a few trading days have risen, but the hype has been much worse than before, and a number of stocks have also appeared in the positive shipping signs. And yesterday's policy was formally issued, good has also been exhausted, it fell.  However, in the long run, the direct benefit of the stock outlook is still very optimistic, especially the tourism companies will have a significant boost in performance. Japan, South Korea, Hainan, Hong Kong four tax exemption policy comparison (according to public Information collation) regional duty-free shop location commodity category limit annual sales South Korea Jeju Airport, Port cosmetics, perfume, cigarettes, purses, clocks and so on each person not more than 6 times a year, not more than 400,000 Korean currency according to 2006 data, Jeju Island Airport duty-free shop annual sales of 200 million U.S. YuanJapan's Okinawa airport, city wine, cigarettes and brand-name goods limit 200,000 Yen Naha Airport duty-free shop annual sales of about 200 million U.S. dollars Hainan Island Airport, the city jewelry, handicrafts, watches, bags and other 18 types of island residents 2 times per year, the limit of 5000 yuan estimated potential market at least 4.8 billion yuan in Hong Kong all over the town Unlimited number of goods, domestic travellers with personal belongings allowance of 5000 yuan, excess to levy a tariff of about 6.4 billion dollars

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.