Hainan outlying islands tax exemption policy

The tax exemption policy for Hainan Islands, which has attracted much attention, has finally surfaced.　　On the morning of March 24, Hainan Provincial government held "Hainan Island passengers duty-free shopping policy pilot" press conference, announced the Hainan Island tax exemption policy, the policy will be implemented on April 20, May 1 officially. At the press conference, Hainan Province vice Governor Tan Li introduced that the outlying islands tax exemption policy currently in the world only Japan Okinawa, South Korea Jeju and other very few countries and regions to implement. The core of the outlying islands tax exemption policy is to change the application of duty-free shopping from departing passengers to outlying islands passengers, including their own citizens, with wider scope of application and greater tax concessions. Therefore, in line with the principle of wide and strict moderation, safe and controllable, convenient and feasible, for reference of foreign mature experience, Hainan Outlying Islands tax exemption policy stipulates some restrictive conditions, including 4 aspects, that is, limited varieties, limits, limits and limits.　　The basic guarantee 5000 yuan below the commodity price is not higher than Hong Kong, the concession range can reach 30% to 50%, the price of above 5000 yuan is lower than the domestic general level, the concession range 15% to 30%.　　Shopping offers for at least 8 million people a year the main implementation process of the outlying islands tax exemption policy is under the supervision of the whole customs, including the duty-free goods imported from outlying islands, the purchase and payment of outlying islands passengers, the duty-free shops to transport goods in accordance with the time of the outlying islands, passengers pick up the cargo in the airport quarantine area and carry the islands and other 4 links. Tan Li introduced that the outlying islands tax exemption policy applies to passengers at home and abroad, including Hainan Province residents, who have flown out of Hainan Island but have not left China at the age of 18 years.　　Statistics show that 2010 from Haikou Meilan Airport and Sanya Phoenix Airport outlying islands of 8.72 million people, Hainan Province, deputy director of the Department of Finance LV said that the number will continue to increase, that is to say, at least 8.72 million people have the conditions to enjoy the island duty-free policy. The Ministry of Finance 24th issued the "Hainan outlying islands passenger duty-free shopping policy of the pilot announcement" (hereinafter referred to as "Bulletin"). According to the provisions of the Bulletin, duty-free goods limited to: jewelry, handicrafts, watches, perfume, cosmetics, pens, glasses (including sunglasses), scarves, neckties, woolen fabrics, cotton fabrics, apparel, shoes, hats, belts, bags, small leather goods, candy, sporting products a total of 18.　　The tax exemption for outlying islands is tariff, import value-added tax and excise tax. The notice stipulates that non-island residents can enjoy a maximum of two outlying islands duty-free shopping policies per year, and the island residents may enjoy up to 1 times per year.　　Outlying islands passengers (including residents of the island) each time the duty-free shopping amount is tentatively 5000 yuan (inclusive of 5000 yuan), that is, the unit price of 5000 yuan (with 5000 yuan) of duty-free goods, each person's cumulative purchase amount shall not exceed 5000 yuan. Hainan Island residents how to enjoy the issue of tax exemption, Deputy Director of the Ministry of Finance of Hainan province, said Lv, "Outlying islands" is the premise of enjoying the outlying islands tax concessions, the island residents should also rely on islands tickets to enjoy preferential policies, by car, train, ship and other means of transport on the outlying islandsSubject to preferential policies. Will not affect the tourism and shopping in Hong Kong and Macao the implementation of the tax exemption policy will affect the shopping tour in Hong Kong and Macao? In view of this, LV that the Hainan outlying islands tax exemption policy in terms of commodity type, quantity, amount, shopping times and so on, there are restrictions on the basic tourism shopping in Hong Kong has its own unique advantages in tourism resources, the number of tourists will not fluctuate; In addition, Hong Kong as a free trade area,　　The entire tax system and the mainland is not the same, the original does not accept tariffs, tourism and shopping advantages than Hainan is bigger.　　Wang Keqiang, deputy director of Hainan Province Business, said in an interview with local media that it would not pose a threat to Hong Kong's travel and shopping and that Hainan and Hong Kong were not open to the same level and that both sides should be a cooperative relationship. Wang Keqiang analysis from three aspects: one, the shopping duty-free is China in the study international advanced tourism policy, Hainan is still in an experimental stage; Secondly, the development of Hainan's basic and operational links need to have a process of development; third, the tax exemption policy is still in the research stage, the development process will be subject to policy constraints,　　In particular, Hainan outlying islands duty-free shopping policy pilot duty-free goods limited to 18 kinds of imports, excluding the bulk of electrical appliances and computers and other electronic products, is considered the Hong Kong tourism shopping market affordability.　　Wang Keqiang that the Hainan outlying islands tax exemption policy has formed a kind of new retail trade form, which is a beneficial supplement to the mainland retailing industry and will not impact on the mainland retail trade. When asked by the media, Hainan overseas visitors to the departure tax refund is cold, on the island's tax exemption is expected, LV said that the departure tax rebate and outlying islands tax exemption first is two different concepts, there are some similarities, but basically no comparability. The departure tax refund is VAT, value added tax in commodity prices accounted for a small proportion of only about 10%, the equivalent of 90 percent of passengers to buy things, and the outlying islands duty-free return is the tariff, import value-added tax and excise tax, in the proportion of commodity prices are much larger, tourists buy 5000 yuan below goods, preferential margin of about 30%　　To 50%, and after the import duties of imported goods, the purchase of more than 5000 yuan of goods, tourists enjoy the concessions are 15% to 30%, because the import tax rate is generally lower than the same commodity imports of comprehensive tax (including tariffs, import value-added tax and excise tax). LV that, because the outlying islands duty-free mainly for domestic tourists, duty-free goods restricted to imported goods, and imported goods for domestic tourists more attractive, plus preferential margins, so, relative to the departure tax refund policy, the outlying islands tax policy will bring more economic and social benefits to Hainan.　　With the expansion of the duty-free consumption of outlying islands, the benefits will be more obvious. Xinhua Haikou, March 24