Core Viewpoint - The Hainan Free Trade Port will officially implement a full island closure on December 18, 2025, which aims to enhance trade facilitation and attract global resources through a series of liberalization policies [5][6]. Group 1: Definition and Implications of Closure - Closure refers to establishing Hainan Island as a special customs supervision area, characterized by "open on the first line, controlled on the second line, and free circulation within the island" [5]. - The closure is not a lockdown but an expansion of openness, facilitating more convenient international connections and promoting high-quality development of the Hainan Free Trade Port [6]. Group 2: Current Policies and Measures - The current closure policies can be summarized into "four enhancements": 1. More favorable "zero tariff" policies for goods, increasing the proportion of zero-tariff items from 21% to 74% [7]. 2. More relaxed trade management measures, allowing certain previously restricted imports [7]. 3. More convenient passage measures through designated ports [7]. 4. More efficient and precise regulatory models for zero-tariff goods [7]. Group 3: Zero Tariff Goods - The range of "zero tariff" goods will expand to approximately 6,600 tax items, accounting for about 74% of all tax items, an increase of 53% from before the closure [8]. - Importing companies are expected to save about 20% in tax costs due to these changes [8][22]. Group 4: Benefits for Individuals and Businesses - High-end talent working in Hainan will benefit from tax incentives, with personal income tax burdens exceeding 15% being exempted [11]. - The closure will not complicate travel to Hainan; most goods and personnel will continue to be managed under existing regulations [12]. - The closure will release various benefits, including continued implementation of corporate and personal income tax incentives to attract talent and businesses [14]. Group 5: Future Developments and Tax Reforms - The Ministry of Finance will continue to deepen tax reforms in line with the needs of the Free Trade Port, ensuring ongoing policy benefits [13]. - The scope of "zero tariff" goods will be further expanded, and adjustments to the import tax item catalog will be made as necessary [15]. - The sales tax reform will be gradually advanced, involving the consolidation of multiple taxes [16]. Group 6: Logistics and Customs Management - Goods leaving Hainan for the mainland will be subject to specific requirements, including pre-appointment for trucks at designated ports [18][20]. - Customs will implement intelligent systems for efficient cargo inspection and management at the ports [21]. Group 7: Economic Impact on Enterprises - The "zero tariff" policy is expected to significantly benefit enterprises, particularly in sectors like pharmaceuticals and high-end food processing, by reducing operational costs [22][23]. - The number of encouraged industries has expanded to over 1,100, allowing companies to benefit from a reduced corporate income tax rate of 15% [23].
海南自由贸易港全岛封关
Nan Fang Du Shi Bao·2025-12-16 23:15