Where is Hainan Bonded Zone and what are its preferential policies?

Haikou Free Trade Zone is located in the south of downtown Haikou, which is full of charming tropical scenery, in the Jinpan Industrial Development Zone of Haikou, about 3 kilometers away from downtown Haikou and Haikou Port. It is adjacent to Nanhai Avenue in the north, Qiuhai Avenue in the west, Freight Avenue under construction in the south and Jinniu Road in the east, which is an important part of the development plan of Haikou downtown in the south.

Haikou Comprehensive Bonded Zone, approved by the State Council, is a special customs supervision area integrating port, logistics and processing. It is the only comprehensive bonded zone in Hainan and one of the two special customs supervision areas. It is the park with the highest level of opening to the outside world and the strongest degree of outward economic agglomeration in Hainan.

Preferential policies of Haikou Free Trade Zone:

(1) Imported goods can be bonded when they enter Haikou Comprehensive Bonded Zone. Domestic goods entering Haikou Comprehensive Bonded Zone are regarded as exports and can apply for export tax rebate. Goods produced by enterprises in Haikou Comprehensive Bonded Zone and products shipped abroad shall be exempted from value-added tax and export duties unless otherwise stipulated by laws and regulations. Machinery and equipment needed for productive infrastructure construction projects in the area, capital construction materials needed for the construction of production workshops and storage facilities, machinery and equipment needed by enterprises in the area, molds and spare parts for maintenance, and a reasonable amount of office supplies used by enterprises and administrative institutions in the area enter Haikou Comprehensive Bonded Zone from abroad, and the customs are exempt from import duties and taxes levied on behalf of the customs in the import process.

(2) Other domestic free trade zones selectively levy tariffs and other related import and export taxes to promote trade.

(3) The park has introduced industrial development policies such as import and export trade, cross-border e-commerce, parallel import of automobiles, financial leasing and bonded culture.

Article 12 Unless otherwise provided by laws and administrative regulations, import duties and import link taxes on goods entering the bonded area from abroad shall be handled in accordance with the following provisions:

(a) machinery, equipment and other infrastructure materials needed for productive infrastructure construction projects in the region shall be exempted from tax;

(2) Production and operation equipment and a reasonable amount of office supplies used by enterprises in the area, as well as spare parts for maintenance, fuel for production, materials and equipment needed for building production workshops and storage facilities, shall be exempted from tax;

(3) A reasonable amount of management equipment and office supplies used by the administrative organs of the bonded area and spare parts needed for maintenance shall be exempted from tax;

(four) raw materials, spare parts, components and packaging materials needed by enterprises in the region to process export products shall be bonded.

Goods and articles outside the scope specified in Items (1) to (4) of the preceding paragraph entering the bonded area from abroad shall be taxed according to law.

Transit goods and goods stored in bonded areas are managed as bonded goods.

Legal basis:

Measures for customs supervision of bonded areas

Article 13 Goods entering the non-bonded area from the bonded area shall be handled as imported goods; Goods entering the bonded area from the non-bonded area shall be handled as export goods, and the export tax rebate shall be handled in accordance with the relevant provisions of the state.

The customs shall, in accordance with the provisions of the state on import and export management, supervise the goods entering and leaving the bonded area and the non-bonded area.

Article 21 When the finished products processed by processing enterprises in the area and the leftover materials produced in the processing process are transported abroad, they shall go through the formalities with the customs in accordance with the relevant provisions of the state; Except as otherwise provided by laws and administrative regulations, export duties shall be exempted.

Processing enterprises in the zone shall go through the import declaration formalities with the customs in accordance with the relevant provisions of the state and pay taxes according to law when transporting finished products, defective products or leftover materials produced in the processing process to the non-bonded zone.

Article 22 If all the finished products processed by processing enterprises in the area are sold to non-bonded areas in the form of imported materials, the customs shall levy taxes on the imported finished products.

When the finished products containing imported materials are sold to non-bonded areas, the customs will levy taxes on the finished products according to the imported materials; If the name, quantity and value of the imported materials and components are falsely declared, the customs shall levy taxes according to the imported finished products.