Core Viewpoint - The recent announcement by the Ministry of Finance, Customs, and the State Taxation Administration regarding the adjustment of the duty-free shopping policy for outbound travelers in Hainan is a significant move to support the construction of the Hainan Free Trade Port, set to take effect on November 1, 2023, enhancing both supply and demand sides to meet diverse consumer shopping needs [1][2]. Summary of Key Points New Additions - The policy introduces two new categories of duty-free goods: pet supplies and portable musical instruments, expanding the existing 45 categories [3]. - Three new subcategories are added: 1. "Home air purifiers and accessories" is reclassified as "small appliances," adding 15 items like robotic vacuums and humidifiers. 2. "Wearable devices and electronic consumer products" is redefined as "electronic consumer products," adding two items including digital cameras and drones. 3. The "tablet computer" category now includes digital accessories like mice and keyboards [3]. Optimizations - Six categories of domestic products are now allowed for duty-free sale in Hainan's duty-free shops, including clothing, ceramics, and coffee, with VAT and consumption tax exemptions [4]. - The policy's beneficiary group is expanded to include outbound travelers, allowing them to enjoy the duty-free shopping policy with an annual limit of 100,000 RMB, with no restrictions on the number of purchases [4]. - Local residents can now purchase "immediate pick-up" items without limit during a year if they have traveled outside the island, covering 15 categories including cosmetics and clothing [4]. Market Impact - From 2020 to August 2025, Hainan's cumulative duty-free sales reached 206.9 billion RMB, 3.8 times the total sales from 2011 to 2019, with the current sales scale accounting for over 8% of the global duty-free market [4]. - The average annual growth rate of duty-free sales from 2018 to 2024 is nearly 30%, establishing duty-free shopping as a key feature of the Hainan Free Trade Port and contributing significantly to the province's economic and social development [4].
海南离岛免税政策再升级 “一个新增”“三个优化”满足多元消费需求
Hai Nan Ri Bao·2025-10-21 01:12