Wednesday, December 5, 2018

HAINAN OFFSHORE DUTY-FREE POLICIES UPGRADED: ANNUAL ALLOWANCE UP TO RMB 30,000, TWO DUTY-FREE SHOPS TO BE OPENED

HAIKOU, China, Dec 4 (Bernama-AsiaNet) -- The policies on offshore duty free shopping for visitors to Hainan Island have been adjusted, according to a joint statement made by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation of the PRC. The adjusted policies are more open and convenient, aiming to transform Hainan into an international tourism consumption center. The new policies came into force on December 1, 2018.

The adjustments are mainly about three aspects. First, the offshore duty-free shopping allowance for visitors is increased from RMB 16,000 to RMB 30,000. Second, multiple rehabilitation medical devices are now covered by the tax-free list, including vision training equipment, hearing aids, orthotic aids, and respiratory aids for home health care. Two such medical devices are covered by the duty-free policies for each visitor each time they leave Hainan. Third, for Chinese citizens who live in or outside of Hainan, the duty-free policies are equally effective.
http://mrem.bernama.com/viewsm.php?idm=33376

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