The Ministry of Finance and two other departments have issued the policy on tax collection for goods entering and leaving Hainan Free Trade Port.

In order to steadily promote the construction of the Hainan Free Trade Port, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued the "Notice on the Taxation Policies for Goods entering and leaving the 'First Line' and 'Second Line' in Hainan Free Trade Port and circulating on the island" and the "Notice on the Catalogue of Imported Taxable Goods in Hainan Free Trade Port", clearly defining the tax policies for goods during the closure of the entire island in the Hainan Free Trade Port. The policy stipulates that a "first line" will be established between the Hainan Free Trade Port and other countries and regions outside the People's Republic of China, and a "second line" will be established between the Hainan Free Trade Port and other areas within the People's Republic of China. Firstly, independent legal entities registered in the Hainan Free Trade Port, as well as eligible public institutions and private non-enterprise units within the Free Trade Port, are exempt from import taxes on goods other than those in the imported taxable goods catalog when entering through the "first line". Secondly, goods with "zero tariffs" and their processed products are exempt from paying import taxes when circulating among entities in the island. Thirdly, for goods with "zero tariffs" and their processed products entering the mainland through the "second line" or circulating to non-eligible entities and individuals, import taxes must be paid. Among them, enterprises in encouraged industries in the Hainan Free Trade Port that achieve or exceed a 30% value-added processing level for goods are exempt from import duties when entering the mainland through the "second line." The beneficiaries of the above-mentioned policies will basically cover all types of enterprises and institutions with actual import demand on the island, and the scope of "zero tariff" goods has been expanded to approximately 6,600 tax items, accounting for 74% of all tax items. After the implementation of the policy, it will further reduce production costs for enterprises on the island, stimulate market vitality, greatly enhance the level of liberalization and facilitation of goods trade in the Hainan Free Trade Port, and have significant implications for demonstrating China's firm commitment to expanding its opening up to the outside world and building the Hainan Free Trade Port into an important gateway for leading China's new era of opening up.