Five Departments: Zero-tariff Policy for Medicines and Medical Devices Adopted in Hainan Boao Lecheng International Medical Tourism Pilot Zone

Five departments, including the Ministry of Finance (MOF), jointly released the Circular on the Zero-tariff Policy for Medicines and Medical Devices in the Hainan Free Trade Port (the "Circular"), which shall only be applicable in the Hainan Boao Lecheng International Medical Tourism Pilot Zone, with effect from the date of release.

The Circular clarifies that before the independent customs operation of the entire island of Hainan, for the medical institutions, higher education institutions for medical education, and pharmaceutical research institutes that are registered in the Hainan Boao Lecheng International Medical Tourism Pilot Zone with independent legal status and have been recognized, the import of the medicines and medical devices specified in the Circular may be exempt from import tariff and import value-added tax, provided that they are put to use in accordance with the relevant regulations.



(Source: http://gss.mof.gov.cn/gzdt/zhengcefabu/202409/t20240905_3943199.htm)

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