Notice of the Ministry of Finance, the General Administration of Customs and the State Taxation Administration on the Favorable Taxation Policies for Import Exhibits Sold during the Exhibition Period of China International Consumer Products Expo

The Finance Department of Hainan Province, Haikou Customs, Hainan Taxation Bureau of State Taxation Administration, Hainan Provincial Bureau of International Economic Development,

To implement the Overall Plan for the Construction of Hainan Free Trade Port, with the approval from the State Council, we hereby publish the following notice on the favorable taxation policies for import exhibits sold during the exhibition period of China International Consumer Products Expo (Hainan Expo):

I. Before the independent customs operations in Hainan Free Trade Port are initiated, the import exhibits not exceeding the specified upper limit sold during the exhibition period of Hainan Expo are exempt from import duties, import value-added taxes and consumption taxes. The favorable taxation policy for each exhibitor shall be implemented according to the stipulations specified in the attachment. The exhibits whose owners enjoy the favorable taxation policy do not include the import commodities forbidden by China, endangered animals and plants and their products, tobacco, alcoholic beverage and automobiles.

II. For exhibits sold during the exhibition period that exceed the upper quantity or amount limit specified in the attachment, the part exceeding the upper quantity or amount limit and the exhibits that are neither sold during the exhibition period nor transported out of China shall be taxed according to the relevant provisions of China.

III. The exhibitor list and the list of exhibits for sale during the exhibition period shall be submitted to Haikou Customs by Hainan Provincial Bureau of International Economic Development or an organization designated by it.

IV. The notice shall be effective on the date of issuance.

Ministry of Finance

General Administration of Customs

State Taxation Administration

April 26, 2021