Friday, March 25, 2011

Hainan Island to Exempt Taxes on Imported Goods

Hainan, a tropical island province in southern China, will implement a duty-free policy for tourists since April 20, announced by China's Ministry of Finance. By that time, all visitors (aged 18 and above) to Hainan Province depart the island by air to other places in China can apply for the refunds with a total value of no more than 5,000 yuan (762 $) per person each time, but not tourists flying to foreign destinations.

There will be two duty-free shops in Hainan Province, one is in Haikou, and another is in Sanya. The duty-free commodities cover 18 types of imported items with a deduction rate ranging from 15 to 35 percent, including jewelry, artwork, wristwatches, perfumes, cosmetics, pens, glasses, scarves, neckties, wool fabrics, cotton goods, clothing, belts, bags, small leather goods, candies and sporting goods. Visitors from places outside the province can enjoy the preferential policy twice a year, while the local residents can only enjoy it once a year.

This policy of tax exemption in Hainan Province is definitely beneficial to build a tourist island with 4 "S": sunshine, sea, sand beach and shopping. Check out China Highlights' Hainan tours or design your Hainan tours.

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