govt.chinadaily.com.cn

News

Hainan to raise duty-free shopping quota

Updated: Dec 9, 2018 Xinhua Print
Share - WeChat
Duty-free sales in Hainan jumped 24.1 percent year-on-year in the first half of the year, to 5.29 billion yuan.[Photo/Xinhua]

China's Hainan province will increase its annual tax-free shopping quota for travelers, according to the Ministry of Finance (MOF) Wednesday.

Effective on Saturday, the quota will be raised to 30,000 yuan (about $4,300) per year from the current 16,000 yuan, without limit on the number of purchases, said a joint statement from the MOF and China's customs and taxation authorities.

Some home medical devices will be added to the duty-free list, including hearing aids and breathing machines.

The duty-free shopping policy was implemented in April 2011 and has been improved since with broader coverage and fewer restrictions.

Duty-free sales in Hainan jumped 24.1 percent year-on-year in the first half of the year, to 5.29 billion yuan.

Copyright©2024 China Daily. All rights reserved.

京ICP备13028878号-6

京公网安备 11010502032503号 京公网安备 11010502032503号