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Signing of large projects in batches, “zero fee” policy accelerates implementation
Various lists will promote the construction of the Hainan Free Trade Port
At the end of the year, the construction of the Hainan Free Trade Port added firepower. A few days ago, 75 large projects were signed in batches. This is also the fifth batch of large projects that have been concentrated in Hainan this year. At the same time, Hainan Free Trade Port’s “zero fee” system agreements have accelerated implementation. The “Economic Information Daily” reporter learned that, following the publication of the “zero tariff” list for raw and auxiliary materials, three “zero tariff” lists for production equipment for own use by companies will soon also be published. businesses, operational vehicles and consumer goods for the island’s residents. In addition, the list of cross-border service trade in Hainan Free Trade Port is also ready to appear.
The analysis believes that favorable policies will effectively promote the construction of a free trade port, promote the free flow of factors of production, and especially enhance the level of development of the three main tourism industries, the modern service industry and the high-tech industries, and will enhance industrial competitiveness.
On December 13, at the Hainan International Convention and Exhibition Center, 75 key projects (14 projects financed with foreign funds and 61 projects with domestic funds) were signed in a concentrated manner, with a total contractual investment of approximately 39 billion USD. yuan, covering the three main industries of tourism, modern services and high-tech industries. , With cultural and sports participation, education and health care, financial leasing, international settlement, financial technology, smart logistics, jewelry processing and other fields with the “show grade” of the free port. So far, Hainan has signed 5 lots of 314 key projects this year.
Concentrated project implementation is inseparable from strong political support. The “Master Plan for the Construction of the Hainan Free Trade Port” (hereinafter the “Master Plan”) released on June 1 clarified that Hainan will establish a “zero tariff” list of “one negative and three positive” for goods imported before the closure of the island. Management system, including negative “zero duty” list of production equipment imported by enterprises for their own use, positive “zero duty” list for running vehicles, positive “zero duty” list of raw materials premiums consumed by companies for their own use or production and processing in the “two heads out” mode, A positive list of “zero tariffs” on imported goods consumed by residents of the island.
On November 11, the State Administration of Taxation, the Ministry of Finance and the General Administration of Customs jointly issued the “Notice on” Zero Fee “Policy for Raw and Auxiliary Materials of the Hainan Free Trade Port”, clarifying that island companies import for their own production and use the “two external extremes” model Raw and auxiliary materials from the positive list consumed in the process of production and processing activities or in the process of trade in services in the mode “two outer extremes” are exempt from import duties, import value added taxes, and consumption taxes. The list was implemented from December 1.
Implementation of the list has brought immediate tax cuts to businesses. Haikou Customs data shows that on the first day of policy implementation, Haikou Customs accepted import declaration procedures for 4 “duty-free” products from 2 companies, with a value of 40.84 million yuan and 5.5 million yuan tax exemption.
“The list includes 12 tax numbers for parts and components used in aircraft maintenance. We are fortunate to be the first to enjoy the dividend from the policy,” said Liu Shuai, manager of the Customs Clearance Office of the Department of Purchases from Hainan Airlines Holding Co., Ltd. On December 1, a batch of the company’s weather radar transceivers completed import declaration formalities and were put into production after being promptly cleared through customs. They became the first “duty-free” raw material and ancillary products in the Hainan Free Port, exempt from paying 530,200 yuan tax.
Yin Zhengping, a researcher at the Foreign Trade Research Institute of the Ministry of Commerce, told the Economic Information Daily reporter that the “zero tariff” list of raw and auxiliary materials includes 169 commodities of 8-digit tariff heading, which is compatible with the Materials processed at the Hainan Free Trade Port for goods with an added value of more than 30% (inclusive) will be exempt from import duties when entering the mainland through the ‘second line’, and the Import value added tax and consumption tax shall be applied in accordance with regulations. “This policy is unique in China and reflects the Central Committee, The determination and strength of the State Council to build an open free trade port of High level will play an important role in attracting relevant beneficiary industries and promoting economic and business growth in Hainan. (Along with the second edition)
Reporter Wang Wenbo and Wu Maohui reporting from Haikou, Beijing
