The Ministry of Finance, the General Administration of Customs and the State Taxation Administration released on March 4, 2021 the Circular about "Zero Tariff" Policy for Importing Self-use Production Equipment into Hainan Free Trade Port, with immediate effect.
According to the circular, before the entire island is sealed off, companies registered at Hainan Free Trade Port will not have to pay tariff, import value-added tax and consumption tax for importing self-use production equipment, unless tax exemptions are outlawed or the equipment is not permitted to be imported into China, or the equipment is on the list of a negative list. The list includes self-use production equipment imported by companies in 11 industries, and it will be adjusted from time to time based on actual needs and regulatory conditions.