CCTV News: According to the website of the Ministry of Finance, in order to support the construction of Hainan Free Trade Port, continuously expand the scope of "zero tariffs" goods, and further release the policy effect, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued a notice to adjust the "zero tariff" policy for raw and auxiliary materials of Hainan Free Trade Port.

1. Add a list of "zero tariff" raw and auxiliary materials for unroasted coffee, ethylene, machine parts, etc. to Hainan Free Trade Port. See the attachment for specific scope.

2. Notice of the Ministry of Finance, General Administration of Customs, and the State Administration of Taxation on the "zero tariff" policy for raw and auxiliary materials of Hainan Free Trade Port" (Financial Customs [2020] No. 42), the following contents are added:

Notice of the Ministry of Finance, General Administration of Customs, and the State Administration of Taxation on the "zero tariff" policy for transportation vehicles and yachts in Hainan Free Trade Port (Financial Customs [2020] No. 54), the Notice of the Ministry of Finance, General Administration of Customs, and the State Administration of Taxation on the "zero tariff" policy for self-use production equipment of Hainan Free Trade Port (Financial Customs [2021] No. 7), the Notice of the Ministry of Finance, General Administration of Taxation on the "zero tariff" policy for self-use production equipment of Hainan Free Trade Port (Financial Customs [2021] No. 7), and the Notice of the Ministry of Finance, General Administration of Customs Notice of the State Administration of Taxation on Adjusting the "zero tariff" policy for self-use production equipment in Hainan Free Trade Port (Cai Tariff [2022] No. 4) Imported "zero tariff" yachts and self-use production equipment (including related parts) are exempt from import tariffs, value-added tax and consumption tax in the import link.

Without obtaining the customs approval and paying additional import tariffs, value-added tax and consumption tax in the import link, "zero tariff" parts shall not be used for other purposes.

3. Article 4 of the "Notice of the Ministry of Finance, General Administration of Customs and the State Administration of Taxation on the "zero tariff" policy for raw and auxiliary materials of Hainan Free Trade Port" (Cai Tariff [2020] No. 42) is amended to: "zero tariff" raw and auxiliary materials are only for production and use by enterprises in Hainan Free Trade Port, and are subject to customs supervision and may not be transferred. If the company needs to transfer "zero tariff" raw and auxiliary materials due to the company's bankruptcy in accordance with the law, the customs approval should be obtained before transfer and the tax payment and other procedures should be handled. Among them, if the "zero tariff" raw and auxiliary materials are transferred to entities that meet the policy conditions, they will be exempted from import tariffs, value-added tax and consumption tax in the import link. When the goods processed and manufactured by "zero tariffs" are transferred, the import tariff, value-added tax and consumption tax of the raw and auxiliary materials must be paid. The above transfer behaviors shall be subject to domestic VAT and consumption tax in accordance with the regulations.

The export of "zero tariff" raw and auxiliary materials and processed and manufactured goods shall be implemented in accordance with the current tax policies for export goods.

4. Other contents of the "zero tariff" policy for raw and auxiliary materials will continue to implement the relevant provisions of the "Notice of the Ministry of Finance, General Administration of Customs, and State Administration of Taxation on the "zero tariff" policy for raw and auxiliary materials in Hainan Free Trade Port (Cai Tariff [2020] No. 42).

5. This notice will be implemented from February 1, 2025.

Attachment: List of supplementary materials for "zero tariffs" in Hainan Free Trade Port