Ministry of Finance, General Administration of Customs, and State Administration of Taxation published policies on import taxation in the Pilot Free Trade Zones in Guangdong, Tianjin, and Fujian on June 8. These policies have been in force since the launch of the Pilot Free Trade Zones.

Apart from the policies that have been tested in Shanghai Pilot Free Trade Zone, the three new Pilot Free Trade Zones also implement alternative tariff policies.

Import and consumption taxes are required for products produced, processed, and sold to the Chinese mainland in the Custom Special Monitoring Area of the Free Trade Zones. In addition, the products should be taxed according to their imported parts or actual declaration situation, according to the application.

Moreover, under import and export taxation policies, the three newly-launched Pilot Free Trade Zones are allowed to establish bonded presentation and exchanging platforms.

The range of the Customs Special Monitoring Area and the implementation of the taxation policies will stay the same in all three new Pilot Free Trade Zones.

Some special policies will be implemented. The Guangdong Pilot Free Trade Zone will implement exclusive preferential taxation policies with the Shenzhen Qianhai Port Modern Service Cooperation Area and the Zhuhai Hengqin Area. The Fujian Pilot Free Trade Zone will implement exclusive preferential taxation policies with the Pingtan Comprehensive Experimental Area.

Furthermore, under the prerequisite of ensuring effective administration, the Fujian Pilot Free Trade Zone will explore and establish classified product monitoring patterns in the Custom Special Monitoring Area.