Journalism

Notice of the Ministry of finance, the General Administration of customs and the General Administration of Taxation on the "zero tariff" policy of raw and auxiliary materials in Hainan free trade port

2020-12-29

Hainan Provincial Department of finance, Haikou customs, State Administration of Taxation Hainan Taxation Bureau:

In order to implement the overall plan for the construction of Hainan free trade port, with the approval of the State Council, the "zero tariff" policy for raw and auxiliary materials of Hainan free trade port is hereby notified as follows:

1. Before the operation of the island wide customs clearance, import tariff, import value-added tax and consumption tax shall be exempted from import duties, import value-added tax and consumption tax on the imported raw and auxiliary materials consumed by enterprises registered in Hainan free trade port and with independent legal personality in the process of production and processing for their own use, production and processing activities under the mode of "both sides outside" or service trade under the mode of "both sides outside".

2. The "zero tariff" raw and auxiliary materials shall be subject to positive list management, and the specific scope is shown in the annex.The contents of the list shall be dynamically adjusted by the Ministry of Finance and relevant departments according to the actual needs and regulatory conditions of Hainan.

3. The spare parts listed in the annex are subject to the "zero tariff" policy for raw and auxiliary materials and should be used for the maintenance of aircraft and ships (including the maintenance of relevant parts). If one of the following conditions is met, the import tariff, import value-added tax and consumption tax shall be exempted:

(1) used for the maintenance of aircraft and ships (including relevant spare parts) entering China from abroad and being transported out of China again;

(2) for the maintenance of aircraft (including relevant spare parts) operated by aviation enterprises with Hainan as the main operating base;

(3) for the maintenance of ships (including relevant spare parts) operated by shipping companies registered in Hainan with independent legal personality and taking the port of Hainan Province as the port of registry.

4. "Zero tariff" raw and auxiliary materials are only used by enterprises in Hainan free trade port and subject to customs supervision. They are not allowed to transfer or leave the island.If it is really necessary to transfer or leave the island due to enterprise bankruptcy and other reasons, it shall obtain approval and go through the procedures of paying tax.For goods manufactured with "zero tariff" raw and auxiliary materials, which are sold in the island or sold to the mainland, the import tariff, import value-added tax and consumption tax of the corresponding raw and auxiliary materials shall be paid, and the domestic value-added tax and consumption tax shall be levied in accordance with the regulations.The export of "zero tariff" raw and auxiliary materials processing and manufacturing goods shall be implemented in accordance with the current tax policies on export goods.

5. Enterprises that import raw and auxiliary materials listed in the positive list and voluntarily pay import value-added tax and consumption tax can apply at the time of customs declaration.

6. Relevant departments should strengthen supervision through information technology and other means, prevent and control possible risks, timely investigate and deal with violations, and ensure the smooth operation of the "zero tariff" policy for raw and auxiliary materials.The relevant departments of Hainan Province should strengthen the information interconnection and share the regulatory information of aircraft and ships.

7. This Circular shall be implemented as of December 1, 2020.

Ministry of finance, General Administration of customs and General Administration of Taxation

November 11, 2020


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