- Notification regarding the “zero tariff” policy for drugs and medical devices in the Hainan Free Trade Port
- Issued on September 5, 2024
- Aimed at supporting the construction of the Hainan Free Trade Port and expanding the range of “zero tariff” goods
- Before the island-wide closure operation, medical institutions, medical education institutions, and pharmaceutical research institutes registered in the Boao Lecheng International Medical Tourism Pilot Zone can import drugs and medical devices without paying import tariffs and value-added tax
- The list of eligible units will be determined by the management authority of the pilot zone in conjunction with relevant departments and will be adjusted dynamically
Source: lexiscn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "China"
- China Clarifies SME Tax Preference Rules: New Tests Target Artificial Revenue Splitting and Abuse
- China Extends Import Tax Relief for Returned Cross-Border E-Commerce Goods Through 2027
- China Unveils Broad Import Tax Incentives for Key Sectors, Effective Through 2030
- VAT Return Filing Instructions Updated to Align with New VAT Law Effective February 2026
- GAC Releases Customs Codes for Goods Under 9% Import VAT Rate Following New Regulations
