Circular on the Zero-Tariff Policy for Pharmaceuticals and Medical Devices in the Hainan Free Trade Port
Circular on the Zero-Tariff Policy for Pharmaceuticals and Medical Devices in the Hainan Free Trade Port
Circular on the Zero-Tariff Policy for Pharmaceuticals and Medical Devices in the Hainan Free Trade Port
Cai Guan Shui [2024] No. 21
September 5, 2024
To the Hainan Provincial People's Government, Haikou Customs District, and the Hainan Provincial Tax Service of the State Taxation Administration,
To support the development of the Hainan Free Trade Port, continuously expand the scope of goods eligible for zero-tariff status, and intensify stress testing for the island's closed-off operation, with the approval of the State Council, the zero-tariff policy for pharmaceuticals and medical devices in the Hainan Free Trade Port is hereby notified as follows:
1. Prior to the implementation of the island's closed-off operation, import tariffs and import value-added tax may be exempted for pharmaceuticals and medical devices specified in Article 3 of this Circular that are imported and used in accordance with this policy by medical institutions, higher education institutions for medical education, and medical and pharmaceutical research institutes (hereinafter referred to as “Relevant Entities”) registered and established with the status of an independent legal person and recognized within the Hainan Boao Lecheng International Medical Tourism Pilot Zone (hereinafter referred to as the “Pilot Zone”).
If Relevant Entities eligible for the policy opt to voluntarily pay import value-added tax when importing pharmaceuticals and medical devices, they may apply for such payment when undergoing the tax exemption procedures.
2. The list of Relevant Entities eligible for the policy shall be determined and dynamically adjusted by the Pilot Zone Management Administration, in conjunction with the health, medical products administration, education, science and technology, finance authorities of Hainan Province, as well as Haikou Customs District and the Hainan Provincial Tax Service of the State Taxation Administration (the “STA Hainan Tax Service), and shall be notified to the Haikou Customs and the STA Hainan Tax Service.
3. The pharmaceuticals and medical devices (hereinafter referred to as “Tax-exempt pharmaceuticals and medical devices”) that are exempt from import tariffs and import value-added tax under this Circular include:
(1) Imported pharmaceuticals and medical devices that have been approved for registration in China;
(2) Pharmaceuticals (excluding vaccines) and medical devices that have not yet been approved for registration in China under relevant State Council regulations but have been approved by the Hainan Provincial People's Government for import and use within the Pilot Zone (hereinafter referred to as “Permitted pharmaceuticals and medical devices”).
4.
......
Cai Guan Shui [2024] No. 21
September 5, 2024
To the Hainan Provincial People's Government, Haikou Customs District, and the Hainan Provincial Tax Service of the State Taxation Administration,
To support the development of the Hainan Free Trade Port, continuously expand the scope of goods eligible for zero-tariff status, and intensify stress testing for the island's closed-off operation, with the approval of the State Council, the zero-tariff policy for pharmaceuticals and medical devices in the Hainan Free Trade Port is hereby notified as follows:
1. Prior to the implementation of the island's closed-off operation, import tariffs and import value-added tax may be exempted for pharmaceuticals and medical devices specified in Article 3 of this Circular that are imported and used in accordance with this policy by medical institutions, higher education institutions for medical education, and medical and pharmaceutical research institutes (hereinafter referred to as “Relevant Entities”) registered and established with the status of an independent legal person and recognized within the Hainan Boao Lecheng International Medical Tourism Pilot Zone (hereinafter referred to as the “Pilot Zone”).
If Relevant Entities eligible for the policy opt to voluntarily pay import value-added tax when importing pharmaceuticals and medical devices, they may apply for such payment when undergoing the tax exemption procedures.
2. The list of Relevant Entities eligible for the policy shall be determined and dynamically adjusted by the Pilot Zone Management Administration, in conjunction with the health, medical products administration, education, science and technology, finance authorities of Hainan Province, as well as Haikou Customs District and the Hainan Provincial Tax Service of the State Taxation Administration (the “STA Hainan Tax Service), and shall be notified to the Haikou Customs and the STA Hainan Tax Service.
3. The pharmaceuticals and medical devices (hereinafter referred to as “Tax-exempt pharmaceuticals and medical devices”) that are exempt from import tariffs and import value-added tax under this Circular include:
(1) Imported pharmaceuticals and medical devices that have been approved for registration in China;
(2) Pharmaceuticals (excluding vaccines) and medical devices that have not yet been approved for registration in China under relevant State Council regulations but have been approved by the Hainan Provincial People's Government for import and use within the Pilot Zone (hereinafter referred to as “Permitted pharmaceuticals and medical devices”).
4.
......