The General Administration of Customs (GAC) issued on February 6, 2024 the Measures of Customs of the People's Republic of China for the Administration of Duty Exemption on Import of Goods in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin (Hengqin Cooperation Zone) (GAC No.18 (2024) Announcement), which will take effect from the date when the Zone completes inspection and acceptance of regulatory facilities and starts to implement the tax policies.
The Circular on the Tax Policies for Entry and Exit of Goods in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin issued in January 2024 stipulates that importers of duty-free products in the Hengqin Cooperation Zone are exempt from import tariffs, import value-added tax, and consumption tax on the machines, equipment, molds, as well as spare parts and infrastructure materials used for repairing the abovementioned goods which they import for self-use.
The Measures further clarify the declaration and subsequent management details of the above duty exemption policy.