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The following article was published in our article directory on March 24, 2011.
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Hainan islands exemption policy today will release three consumer attention focus

Article Category: Advice

Author Name: Amanda xzh

Source: China news service on March 24 in 2011 00:31 me two sentences (0) copy link medium sized print medium Sunday March 24, (financial channel giardina mg, matarazzo m) hainan passengers duty-free shopping "" islands in pilot press conference policy today (24) held in haikou. This is after January 1, launched in overseas visitors after departure tax rebates, again launched a important policies. This policy is expected to start in 5 month ahead. Beijing for consumer financial channel carding the hot issues, hoping that will help users to understand.

The official policy, if applicable object, product categories, shopping number, tax-free quota and take delivery process, tax preferential specific measures and regulatory guaranteeing measures will be announced formally.

Tax exemption policy has been isolated islands construction of international tourism in hainan island of the most popular support policies, and also one of hainan to attract the main advantages of passenger flow policy. Earlier this year New Year's day, hainan shopping departure from the implementation of "foreign passengers to foreigners," tax rebates mainly shopping drawback, implement foreign visitors for 11% decreased. While "islands tax-free" policy is aimed at people, the audience will greatly increase, so the market as on hainan island passenger and economic development play a huge role in promoting the one of the important policies.

More importantly, shopping is just part of tourism economic growth, the number of tourists shopping duty-free pulling can drive food, housing, transportation, play and so on a series of tourism consumption growth. Forecasts says, shopping duty-free will increase in the number of hainan tourists can drive, promoting 20% to 25% per capita consumption growth around 15% to 20%. "China securities journal comments point, this will give hainan tourism scenic spots, aviation, high-speed, transport and logistics, hotels, restaurants and even yacht manufacturing industries and relative listed companies bring results, in the long term, real estate etc will also benefit.

Concerns a: who will enjoy preferential? "Islands tax-free" benefit universal?

Media reports said the exemption, the implementation of the policy of isolated islands, for consumers, can greatly reduce the cost of shopping consumption.

As a global luxury fastest-growing market, Chinese luxury but mostly in overseas purchase. Data shows, 2010 the luxury, Chinese buying of consumption occurred in overseas 56%, spending reach $13 billion. According to Goldman sachs predicts that in the next five years, China's population of luxury goods to consumption from 40 million up to 160 million, two third-line city's population will become a luxury industry's main support.

The Chinese took consumption goals to overseas travel, has become the fact that everyone knows. But overseas tourism costly, many white-collar also can choose to buy luxury goods purchasing network. Earlier this year New Year's day, hainan overseas travelers shopping departure from practice "to" policy, tax rebates mainly implemented foreign visitors foreigners shopping tax refund. This policy is mainly aimed at overseas visitors upcomings hainan passengers duty-free shopping "" islands, who will be able to enjoy policy to the preferential? Truly, truly

The personage inside course of study revealed that, according to the tax policy of isolated islands, the domestic tourists to "buy import goods, hainan to enjoy duty-free. Now sure tax-free restricted quota for 5000 yuan a year, tourists can enjoy two duty-free. In addition, for citizens to buy imports, island of hainan tourism development committee assistant director of domestic market, says ZouXianFeng division is restricted for tax exemption amount a year 5000 yuan, can enjoy a tax-free.

Concerns two: what can save purchasing consumer compared to how much money?

Ministry of commerce a previous survey, watches, bags, clothing, wine, electronic products five products 20 of the consumer price difference, domestic brand high-grade market than Hong Kong area around 45% higher, higher than in the United States than French high 72%, 51 percent. Some residents have introduced chief of website of Mr Mourinho, with the Classic Chanel classical money Flap Jumbo, for example, will sell for about in Europe, while in Shanghai 2550 euros, this package within a contact-free stores sold 29500 yuan, the price of that more than $5,000 difference. Preferential price is compatriots scrambled to overseas is one of the main reasons why buy luxury goods.

In addition to overseas purchase, network consumers to buy luxury purchasing is also the important channel. By the end of 2010, our domestic act as purchasing agency website to about 1,000 number. Compared with the overseas purchase, because contain the purchasing the reward and the logistics cost, purchasing price often network slightly more expensive, but still a lot cheaper than domestic store prices. A specialized in the sellers revealed: "residents of a chanel bag, the domestic price about 3 million yuan RMB, the foreign counters selling 2.4 million | 2.5 million RMB, usually play 7 | 8 fold, fold the 1.68 million to 2 million yuan buying, I usually sell 2.5 million to 2.6 million."

According to Beijing financial channel understanding, commerce ministry spokesman said YaoJian in 22 regular news conference, analysis "domestic luxury prices higher than overseas" cause has pointed out that China for some brand goods is still relatively high comprehensive import duties. If hainan "islands tax-free" policy implementation, exactly how much money can save consumers? And hainan provincial party committee secretary WeiLiuCheng also has said, "although there are limit exemption policy outlying islands limited 5000 yuan, but if you buy a $20,000 yuan of imported watches, exceed 5000 yuan of taxes will that part of the common cities than domestic much lower taxes."

Concerns three: how layout a tax-free shop? Formalities is convenient shortcut?

"Economic reference newspaper news says, at the present time, hainan has in haikou, sanya and qionghai, four cities in all open magna bloc, duty-free shop sell perfume, watch, fashion, hainan specialties and other commodities. But for now, although duty free commodity than normal bazaar to 10% - 40% cheaper, but operating situation not satisfied.

The duty free shop in sanya city as an example, it was introduced, the consumer need first to show the departure from sanya non-stop overseas ticket, passport, and consumers to purchase goods, but not directly after a tax-free shop to pick the documents provided by the goods before the departure at the airport to get the goods purchased by dot. Hainan as resort, it has not formed a "shopping paradise" environment and reputation. In addition to preferential price and convenient delivery, except procedures is reasonable, a tax-free shop layout is all ready, whether the supply of brand sufficient, facilities and other details will affect whether perfect shopping experience the tourists.

And the outbound tourism as high as thousands of yuan ticket prices, americans compared to hainan's travel cost a lot cheaper. Insiders say, hainan beautiful scenery, entertainment project is numerous, americans are more convenient, if commercial service soft environment construction well, certainly will will be part of purchasing power can from these countries or regions and the past.

China (hainan) reform and development research institute President ChiFuLin when in accept media access once pointed out, hainan executive exemption policy is only the first step, the ultimate objective is to strive to build international shopping center, as the first step into three go, now is the exit drawback, being done to domestic tourists and residents of some duty-free island as soon as possible, the second step to hainan island become China's first daily consumer goods free territory, duty-free limits, tax-free varieties can be expanded to include FMCG whole range, the third step to learn Hong Kong shopping center built international. (Beijing financial channel)

Extensive reading: "islands tax-free" policy economy

International on domestic tourists "islands tax-free" policy in Okinawa, Japan, South Korea chiju few areas such as after the enforcement of local tourism economy, for stimulating plays a vital role.

Japan's Okinawa compatriots "islands tax-free" policy is no frequency, 1 times 20 million yen, or restricted 1.6 million yuan RMB, not selling cigarettes and domestic goods. South Korea chiju regulation, americans "islands tax-free" policy applies to more than 20 tourists, 1 year 6 times, 1 times is restricted, $40 million won restricted 2300 yuan. In implementing "islands chiju shopping policy, tax exemption" drive visitors rose 11%, preferential tax policies to bring benefits to local is immediate.

While China's Hong Kong, macau, and Japan, South Korea and other neighboring countries and regions of every year attracts large domestic tourists, shopping is except sightseeing besides, one of the main purposes. Hainan islands shopping exemption policy implemented after will be part of purchasing power, certainly will can from these countries and regions transferred to compatriots more convenient hainan international tourism island. (

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