海南产经新观察：让离岛免税“金字招牌”更加闪亮

Core Insights - The adjustment of Hainan's offshore duty-free shopping policy is seen as a significant move to enhance the attractiveness of Hainan as a duty-free shopping destination, effective from November 1 [1][2]. Group 1: Policy Impact - The offshore duty-free policy is a key element in the construction of Hainan Free Trade Port and International Tourism Consumption Center [2]. - The policy is summarized by five continuous effects: market scale growth, sustained pull effect, increasing consumer attraction, market vitality, and industry driving force [2]. - From 2018 to 2024, the average annual growth rate of Hainan's offshore duty-free sales is nearly 30%, with domestic consumers' purchases in Hainan rising from about 5% to over 20% compared to overseas [2]. Group 2: Market Dynamics - Hainan's share of the national duty-free market has increased from one-quarter to nearly 70%, while its global market share rose from 2% to 8.6%, indicating strong development momentum [2]. - Over 900 international brands are now present in Hainan, with seven operating entities competing, creating a vibrant market landscape [2]. Group 3: Product Expansion - The policy introduces six new categories of domestic products, including scarves, clothing, hats, coffee, ceramics, and tea, into the duty-free stores, which are treated as exports and exempt from VAT and consumption tax [2][3]. - This expansion not only diversifies the range of duty-free products but also promotes domestic brands [2]. Group 4: Regulatory Support - The tax authority will assist businesses in utilizing the tax refund policy and ensure that the benefits reach both businesses and consumers [3]. - Hainan's commerce department is focused on enhancing the shopping experience by attracting more renowned domestic and international brands [3]. Group 5: Customs Innovation - Hainan Customs is implementing innovative regulatory measures to optimize service, having already expedited the release of new product categories for duty-free enterprises [5]. - A regulatory plan has been established to accommodate new shopping scenarios for residents and departing travelers, ensuring smooth policy execution [5].