On 13 april, at the opening of the 139th expedition, financial and economic journalists from the south were informed at the guangzhou customs special press conference that, in addition to customs facilitation measures, the expediency of the present expedition would benefit from a variety of benefits, including tax incentives for imported exhibits, tax refunds for departures and duty-free purchases, to further enhance the consumption experience of exhibitors and guests。
On 5 march this year, the ministry of finance, the general customs administration and the general tax administration jointly issued a circular on the policy of preferential taxation of imported exhibits sold during the “fifty-fifth” period during the china export-import merchandise fair (hereinafter referred to as the circular). Import exhibits sold during the expedition during the period specified as “fifty-five” continue to be exempt from import duties, value-added taxes and excise duties within the prescribed limits。
“this new policy continues with core preferences, optimizes accounting, lengthening the coverage cycle and significantly increases the accuracy and stability of the benefits.” according to guangzhou customs, a major change in the new deal has been the adjustment of the amount of tax exemption for imported exhibits from annual cumulative to self-accounting for each fair, which not only expands the number of exhibits sold free of tax, but also effectively avoids the use of the amount by exhibitors throughout the year due to, inter alia, inadequate planning, which will not allow them to fully reap the policy dividends。
In the case of exhibits such as machinery, machinery, electrical equipment and instruments, and instrumentation, the previous policy provided that each exhibitor would have a cumulative tax-exempt sales of no more than 12 items during the current year's exhibit, and this year's notice was changed to a tax-exempt sales of no more than 12 items per exhibit, equivalent to a maximum of 24 items for the two fairs throughout the year。
During each fair, each exhibitor is entitled to an expediency of imports into four categories: the first is an exhibition entitled “mechanical, mechanical, electrical and instrumentation, instrumentation” with no more than 12 items sold duty-free; the second is an exhibit entitled “mechanical or surgical instruments and equipment” with no more than 5 items sold duty-free; and the third is an exhibit entitled “natural or cultured pearls, precious stones or semi-precious stones, precious metals, packaged precious metals and their products”, with no more than 5 items sold duty-free and no more than 10,000 dollars for a single item; and the fourth is an exhibit containing no more than 20,000 dollars for a separate item。
It is worth noting that the items benefiting from tax incentives do not include goods that are prohibited by the state, endangered flora and fauna and their products, tobacco, alcohol, automobiles and goods included in the list of imports of significant technical equipment and products not tax-free。
In terms of increasing the consumption experience in the country, the joint customs business, tax authorities, on the basis of the pilot of last year's “one package” (a standard sealed bag is used by a store following the purchase of a tax refund by a foreign passenger in a pilot store, and a single tax refund application) on the basis of which the application of the “one size package” (the guangzhou proposal is to use a single package with a uniform label at the sealed door of the store's own bag) was explored during the meeting。
For departing tax refund goods carried by passengers, customs has achieved rapid clearance of non-dismantling bags and 2-dimensional codes, significantly reducing passenger waiting times and improving customs clearance efficiency. At the australian passenger terminal in niwa harbour, adjacent to the expedition fair, additional points for departure tax refunds were established to facilitate the close processing of tax refunds by visitors。
In addition, it optimizes the distribution of duty-free shops and supports the establishment of national goods, “national tide” zones. On the basis of the five tax-free shops that have been set up at white cloud airport in guangzhou, the south sha passenger port and the new city of pearl river, a tax-free shop at the australian passenger terminal at the port of biwa has been promoted to operate during the current meeting. The elaboration of customs control programmes, the optimization of regulatory processes, the expansion of national mobile phones, razor blades and “national tide” commodity supplies, the further enrichment of guest shopping options and the improvement of consumption experience。
The guangzhou customs department has indicated that it will continuously optimize exit tax reimbursement and port duty-free monitoring services to enable consumption to enter the country and then take the new steps。
