加工增值免关税政策全方位升级，对企业有何利好?

Core Viewpoint - The launch of the Hainan Free Trade Port's full island closure on December 18, 2025, introduces significant benefits for enterprises, particularly through the processing value-added duty exemption policy, which allows for tax-free entry of goods into the mainland if they meet certain processing criteria [1]. Group 1: Policy Benefits - The processing value-added duty exemption policy allows goods processed in Hainan with over 30% value added from imported materials to enter the mainland without import duties, while still subject to VAT and consumption tax [1]. - As of October 2025, 129 pilot enterprises have been approved under this policy, with a total processing value of approximately 11.096 billion yuan and duty exemptions amounting to about 860 million yuan [1]. Group 2: Policy Upgrades - The threshold for enterprises to benefit from the policy has been lowered, removing the requirement that the main business income from encouraged industries must exceed 60% of total revenue [2]. - The range of import materials eligible for the policy has been expanded to include "zero-duty" goods, allowing enterprises to benefit from both zero duties and processing value-added advantages [2]. - The calculation formula for value-added processing has been optimized to include self-produced materials, making it easier for enterprises to achieve the 30% value-added requirement [2]. - The scope of cumulative value-added processing has been broadened from special customs supervision areas to the entire island, allowing for collaborative processing among upstream and downstream enterprises [2]. Group 3: Industry Impact - The processing value-added duty exemption policy is expected to attract key players in various industries, such as petrochemicals, food processing, and medical devices, by creating a complete industrial chain from raw materials to finished products [3]. - The lowered entry barriers and expanded benefits of the policy are anticipated to better meet the production needs of local enterprises and support the development of industrial chains and clusters in Hainan [3].