Core Insights - The new policy for duty-free shopping in Hainan aims to enhance consumer demand and diversify product offerings, effective from November 1 [1][2] Group 1: Policy Adjustments - The adjustments include expanding the range of duty-free products from 45 to 47 categories, adding items like pet supplies, portable musical instruments, drones, and small appliances [2] - Domestic products such as clothing, ceramics, and tea will now be allowed in duty-free stores, benefiting from VAT and consumption tax exemptions [2] - The minimum age for duty-free shopping has been raised from 16 to 18 years [2] - Departing travelers can now enjoy duty-free shopping, with purchases counting towards an annual limit of 100,000 RMB, with no restrictions on the number of transactions [2] - Local residents with travel records can purchase duty-free items without limits within the same calendar year [2] Group 2: Strategic Goals - The policy aims to promote domestic products and enhance their global presence, catering to the growing preference for "national trend" products among consumers [2] - The Ministry of Finance plans to work with relevant departments to ensure effective policy implementation and to stimulate consumer spending [3] - Continuous tax reform will be pursued to support the ongoing development of Hainan as a free trade port [3]
财政部：五项措施从供需两端发力 让离岛免税政策更便利、更给力
Xin Hua Cai Jing·2025-10-17 12:43