Ministry of Finance and two other departments issue "Notice on Tax Policies for Goods Imported and Exported from Shenzhen Park of Hetao Deep Hong Kong Science and Technology Innovation Cooperation Zone"

On January 14th, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued the "Notice on Tax Policies Regarding the Import and Export of Goods in the Shenzhen Area of the Hetao-Shenzhen Science and Innovation Cooperation Zone". It mentioned that the customs supervision area in the Hetao-Shenzhen Park with specific closed management and the Hong Kong Special Administrative Region are on the "frontline". Enterprises with independent legal personality registered in the customs supervision area, institutions engaged in scientific research work in the customs supervision area, and non-enterprise units in the customs supervision area engaging in scientific and technological activities (hereinafter referred to as beneficiaries) that import goods for self-use through the "frontline" are exempt from import duties, import value-added tax, and consumption tax (hereinafter referred to as import taxes). Excluded are goods prohibited from import by national regulations, goods explicitly not exempt from tax by national laws and regulations, and goods listed in the "Catalog of Major Technical Equipment and Products not Exempt from Import Tax". The original text is as follows: (The Chinese text follows)... Source: WeChat public account "Chinese Finance", translated by GMTEight. Editor: Xu Wenqiang.