Core Viewpoint - The new tax policy for the Shenzhen-Hong Kong Innovation and Technology Cooperation Zone aims to reduce cross-border costs for scientific research goods, promoting collaboration and innovation between Shenzhen and Hong Kong [2][3]. Group 1: Tax Policy Implementation - The policy, effective from February 10, 2026, establishes a dual management tax system for cross-border goods between the Shenzhen-Hong Kong Innovation and Technology Cooperation Zone and Hong Kong [2]. - Registered entities in the customs supervision area can import self-used research goods tax-free, including import duties, VAT, and consumption tax [3]. Group 2: Scope of Tax Exemptions - The first batch of tax-exempt goods includes 509 items across six categories, covering the entire research chain [3]. - Specific rules for the circulation of tax-exempt goods are outlined, including conditions for tax payment upon transfer and entry into mainland China [3]. Group 3: Broader Economic Impact - The policy supports Hong Kong's integration into national development and aims to establish it as a global innovation hub, contributing to the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area [4]. - Additional tax incentives for individuals and enterprises participating in the cooperation zone will be implemented in April 2024, offering a 15% tax reduction [4]. - The Shenzhen-Hong Kong Innovation and Technology Cooperation Zone has attracted significant talent and institutions, including 18 academicians and over 15,000 research personnel [4].

Core Viewpoint - The Chinese Ministry of Finance, General Administration of Customs, and State Taxation Administration have jointly issued a notification to clarify tax policies for the import and export of goods in the He Tao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, effective from February 10, 2026, to support the creation of an international highland for technological innovation in collaboration with Hong Kong [1][2]. Group 1: Tax Policies - The notification establishes a customs supervision area in the He Tao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, which is divided into a "first line" with Hong Kong and a "second line" with other regions of the People's Republic of China [1]. - Enterprises registered in the customs supervision area with independent legal status, research institutions, and certain non-enterprise units can import self-used scientific research goods from Hong Kong without paying import taxes, including customs duties, value-added tax, and consumption tax [1]. - When tax-exempt research goods and their R&D products circulate within the customs supervision area, any applicable import taxes must be paid if the goods are transferred to eligible entities due to reasons such as bankruptcy or deregistration [1]. Group 2: Impact on Cooperation and Development - The implementation of these policies is expected to reduce the cross-border flow costs of research goods between Shenzhen and Hong Kong, promoting mutual cooperation and collaborative technological innovation and industrial development [2]. - The policies support Hong Kong's integration into the national development framework, aiming to establish an international technological innovation hub and contribute to the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area [2].

Core Viewpoint - The announcement by the Ministry of Finance, General Administration of Customs, and State Taxation Administration outlines tax policies for the He Tao Shenzhen-Hong Kong Technology Innovation Cooperation Zone, allowing certain entities to import research goods tax-free under specific conditions [1][3]. Group 1: Tax Exemption Policies - The He Tao Shenzhen Zone will implement a customs supervision area with a "one line" designation for imports from Hong Kong, allowing eligible entities to import self-used research goods without paying import duties, VAT, or consumption tax [1][3]. - Eligible entities include independent legal entities registered in the customs supervision area, research institutions, and certain private non-enterprise units [3][4]. - Goods that are prohibited from importation or listed in the "Major Technological Equipment and Products Not Exempt from Import Tax" catalog are excluded from this exemption [1][3]. Group 2: Management and Compliance - A customs electronic ledger will be established for managing tax-exempt research goods, utilizing information technology for oversight and potential audits [4]. - Entities can voluntarily choose to pay import taxes on exempt goods, but if they waive their tax exemption status, they cannot reapply for the same goods within 36 months [4][5]. - The Shenzhen Municipal Government will define the criteria and management requirements for recognizing eligible entities [5][6]. Group 3: Regulations on Goods Flow - Tax-exempt research goods entering the mainland from the customs supervision area must comply with existing import regulations and may require tax payments [5][6]. - Goods that are exported from the customs supervision area may be subject to export duties, with VAT and consumption tax policies following current regulations [6][8]. - The announcement will take effect on February 10, 2026, and will apply to the specified customs supervision area [8][10].