CCTV News: According to the Ministry of Finance, in order to steadily promote the construction of Hainan Free Trade Port, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued the "Notice on the Tax Policy for the Inlet and Out of the "First Line" and "Second Line" and the Circulation of the Island of the Hainan Free Trade Port" and the "Notice on the Catalogue of Import Taxed Commodities in Hainan Free Trade Port", clarifying the tax policy for goods when the entire island of Hainan Free Trade Port is closed.

Policy stipulates that a "first line" is established between Hainan Free Trade Port and other countries and regions outside the People's Republic of China's customs, and a "second line" is established between Hainan Free Trade Port and other regions within the People's Republic of China's customs. First, independent legal person enterprises registered in Hainan Free Trade Port, and qualified public institutions and private non-enterprise units (hereinafter referred to as enjoying entities) in the Free Trade Port that are exempt from import tax (including import tariffs, value-added tax and consumption tax) outside the "first-line" import catalog (hereinafter referred to as "zero tariffs" goods). Second, "zero tariff" goods and their finished products are exempt from additional import taxes when they are circulated between the main entities on the island. Third, import taxes will be paid when "zero tariffs" goods and their processed products enter the mainland through the "second line" and are circulated to non-profit entities and individuals. Among them, import tariffs are exempted for goods that have a value-added value of 30% for Hainan Free Trade Port that are encouraged to process industries that have reached or exceed 30% of the processing value, and enter the mainland through the "second line".

The enjoyment entities of the above policies will basically cover all types of enterprises, institutions, private non-enterprise units with actual import needs across the island. The scope of "zero tariff" goods has been expanded to about 6,600 tax items, and the proportion of "zero tariff" goods has reached 74%. After the implementation of the policy, it will further reduce the production costs of enterprises on the island, stimulate market vitality, and significantly improve the level of liberalization and facilitation of goods trade in Hainan Free Trade Port. It is of great significance to demonstrate my country's unswerving determination to expand opening up to the outside world and to build Hainan Free Trade Port into an important portal to lead my country's opening up in the new era.