Oct. 25 ? In a move to boost tourism in the island province of Hainan, China?s Ministry of Finance (MOF) released the ?Announcement on Adjusting the Tax-free Shopping Policies for Visitors Departing from Hainan Island (Announcement [2012] No.73, hereinafter referred to as ?Announcement?) on October 22, which is scheduled to take effect from November 1, 2012.
The Announcement makes the following adjustments to the tax-free policies for visitors departing from Hainan Island:
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Adjusting the minimum age threshold of applicable visitors to age 16.
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Adding three categories of tax-free commodities, including beauty and health care equipment, tableware and kitchen appliances, and toys; with the scope of tax-free commodities expanding to 21 categories.
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Adjusting the upper value limit of tax-free commodities purchased each time by every visitor departing from Hainan Island to RMB8,000, with the number of tax-free commodities purchased expanding to an appropriate extent.
Apart from the above-mentioned adjustments, other contents of the tax-free shopping policies for visitors departing from Hainan Island shall be carried out according to the ?Announcement of the Ministry of Finance Concerning the Pilot Implementation of Tax-free Shopping Polices for Visitors Departing?from Hainan Island (Announcement [2012] No.14),? and the tax-free commodities must comply with relevant regulations?regarding inspection and quarantine, Chinese tags, product certification, hygiene licenses, and quality safety.
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