China has unveiled a zero-tariff policy on certain imported goods for consumption by residents in the Hainan Free Trade Port (FTP).
Effective immediately, the policy entails exemption of import duties, along with value-added tax and consumption tax levied at both the import and domestic stages, on eligible goods purchased by the FTP residents at designated retail stores.
Effective immediately, the policy entails exemption of import duties, along with value-added tax and consumption tax levied at both the import and domestic stages, on eligible goods purchased by the FTP residents at designated retail stores.
