海南自贸港年底封关！海南省财政厅厅长蔡强：这四大场景适用于自贸港“零关税”政策

Core Viewpoint - The Hainan Free Trade Port will officially start its full island closure operation on December 18, marking a new phase in its development with a focus on liberalization and facilitation policies [1][2]. Group 1: Policy Framework - The overall plan for the Hainan Free Trade Port aims to establish a policy system focused on trade and investment freedom by 2025, with a more mature system by 2035 and a high-level free trade port by the mid-21st century [2]. - The tax system will be based on principles of zero tariffs, low tax rates, simplified tax systems, strong rule of law, and phased implementation [2]. Group 2: Zero Tariff Policy - The range of "zero tariff" goods will be managed through a negative list, expanding to 6,637 items, which accounts for approximately 74% of all goods, covering most products needed for production, processing, and research [3]. - Goods imported under the "zero tariff" policy will be exempt from import tariffs, VAT, and consumption tax, with specific provisions for goods processed in Hainan before entering the mainland [3][5]. Group 3: Scenarios for Zero Tariff Application - Four scenarios for applying the "zero tariff" policy include: 1. Importing equipment for self-use, saving 5-10% in import tariffs and 13% in VAT [4]. 2. Importing transportation tools and yachts, also exempt from import tariffs and VAT [4]. 3. Importing goods for processing, with exemptions if value-added exceeds 30% [5]. 4. Direct sales of imported goods, which can save on tariffs and VAT, particularly beneficial for capital-sensitive industries [5]. Group 4: Low Tax Rate Policy - Enterprises registered and operating substantively in Hainan can benefit from a reduced corporate income tax rate of 15%, with high-end and scarce talent enjoying personal income tax exemptions on amounts exceeding 15% [6]. - To qualify for the 15% corporate tax rate, companies must operate substantively in the free trade port and belong to encouraged industries, with at least 60% of their revenue coming from these main business activities [6][7].