The full text of the draft Hainan Free Trade Ports Law is published for the first time, let’s see what amenities can be enjoyed in the commercial office_Sina Finance

　　The full text of the draft Hainan Free Trade Ports Law is published for the first time: Come and see what amenities can be enjoyed in commercial customs clearance and what tax incentives can be obtained by businesses and individuals …

Every time reporter Zhang Huaishui

　　1month4Today, the website of the Chinese People’s Congress announced that the 24th meeting of the 13th National People’s Congress（drought）“(Hereinafter, the” Draft “) was revised. The current draft has been posted on the website of the National People’s Congress of China, soliciting opinions from the public.

The “Daily Business News” reporter pointed out that it is a relatively rare phenomenon to legislate for a region at the national level. Prior to this, only two special administrative regions, Hong Kong and Macao, had enjoyed such treatment in China. Neither the Shenzhen Special Economic Zone, the Pudong New Area, nor the Xiongan New Area have enacted separate laws nationwide.

Chen Wenling, chief economist of the China International Economic Exchange Center, said in an interview with the “Daily Economic News” reporter that the Hainan Free Trade Port has an important position in the national opening up strategy. The Hainan Free Trade Port has the highest level of openness and the best in the world. More comprehensive business environment and policy support. In the future, it will become the most open, most convenient, and most strategic highland with the free movement of factor endowments.

These openness measures, advanced experience, and investment attraction policies formed in long-term exploration are clarified in the form of laws. On the one hand, they highlight the status of the Hainan Free Trade Port in the opening strategy. Better implementation, “said Chen Wenling.

Implement negative list management for cross-border trade in services

The “Draft” notes that the country will build the Hainan Free Trade Port in stages and phases, implement high-level policies of trade and investment liberalization and facilitation, and support the free, orderly, safe and convenient flow of various factors of production across borders and a modern industrial system. The arrangement of the tax system, the efficient social governance system and the complete system of rule of law are guaranteed to form a legalized, international and convenient business environment and a fair, unified and efficient market environment.

The proposed “Draft”,The Hainan Free Trade Port implements a negative list management system for cross-border trade in services. Non-listed cross-border trade in services will be managed in accordance with the principle of internal and external consistency, and a supporting payment and funds transfer system will be implemented.

Furthermore, the “Draft” has simplified the procedures for customs clearance procedures and customs supervision.

For example, the “Draft” noted that customs procedures should be simplified for goods in transit leaving abroad, reloaded through the Hainan Free Trade Port, sorted and assembled, and then shipped abroad. There is no storage period for import and export goods at the Hainan Free Trade Port, and the storage location can be freely selected on the premise of meeting the requirements of environmental protection and safe production.

Pang Chaoran, Research Associate at the Research Institute of the Ministry of Commerce, said China has actively promoted openness and made open commitments in cross-border trade in services through a negative list. There will be no additional restrictions in areas off the list, indicating China’s confidence and determination to continue promoting reform and openness. . “The negative list of cross-border trade in services is a manifestation of current high-level international trade and economic standards.”

The “Daily Economic News” reporter noted that the National Development and Reform Commission and the Ministry of Commerce2020year12month31Release day39Order, the full text of the “Special Administrative Measures for Foreign Investment Access of the Hainan Free Trade Port”（Negative list） （2020Year Edition）》。

　　2020The Annual Negative List of Free Trade Port Totals27Article, and2020Annual List of Negative Access to Foreign Investment in the Pilot and National Free Zones33Article,30Compared to the further reduction in regulations, some items have been partially liberalized, first supporting the opening of the Hainan Free Trade Port.

Preferential income tax for companies and individuals in Hong Kong

The “Draft” states thatA preferential corporate income tax will apply to eligible companies registered with the Hainan Free Trade Port; Personal income tax will be preferential for qualified persons at Hainan Free Trade Port.

For the tourism, modern services, and high-tech industries established in the Hainan Free Trade Port, revenues from newly added foreign direct investment prior to the closure and operation of island-wide customs and the tax system are reduced , they will be exempt from corporate income tax.

The “Draft” proposes that the Hainan Free Trade Port will establish an optimized, efficient and unified tax collection and management system, improve the scientific, computerization, international and convenient level of tax collection and management, actively participate in the international cooperation on tax collection and management, will improve the quality and efficiency of tax collection and management and protect the payment of taxes. The legitimate rights and interests of people.

Zhou Chengjun, director of the People’s Bank of China Institute, pointed out in an article published by the People’s Bank of China that after the island’s customs operations, Hainan market entities not only apply the special free port rules on the ownership and transactions of property rights, but are no longer subject to some laws and regulations of the continent. It is more in line with international standards than the continent in terms of rules and openness. It is also based on the characteristics of this basic property right and transaction system framework that Hainan can realize a differentiated management system that is different from the mainland and achieve “zero fee, low tax rate and simple tax system.”

The “Daily Economic News” reporter examined and found that, driven by a series of preferential tax policies, not only can businesses enjoy favorable policies, but Hainan will also become a “paradise” for consumers to shop.

　　2020year12month30On the same day, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation issued the “Notice on the” Zero Fee “Policy for Hainan Free Trade Port Transportation and Yachts”, which included automobiles passenger, recreational vehicles, airplanes, balloons, airships, yachts, etc. Navigation100Article8Of tax items“Zero fee“List of vehicles and yachts.

The notice stated that the “zero fee” policy includes9Passenger cars with seats or less, which involve displacement of1Get up down to4The comprehensive import tax rate range is31.26% ~ 116.58%Without waiting.

Experts have calculated, like the displacement of an imported car3.5Liters of cars, first you can savefifteen%Import duties may also be exempt13%Import value added tax and25%Consumption tax on imports.

Cover Image Source: Xinhua News Agency

Editor-in-charge: Zhang Mei