1. Preferential Tax Policies
(1). Goods and materials for infrastructure and imported equipment are exempt from import tariff and import linkage tax.
① Machines, equipment needed for productive infrastructure construction projects and goods and materials required for building production factories and storage facilities in the special zone are duty-free.
② Machines, equipment, moulds and parts and accessories for maintenance demanded by corporations for production purpose in the zone are free of tax.
③ Reasonable number of office supplies used by corporations and administrative management agencies, machines and equipment imported for self-use by corporations in the zone are duty-free.
(2). Imported cargos are under bond upon entering the zone.
(3). Domestic (but outside the zone, similarly hereinafter) goods are regarded as exported and will be given tax rebates when entering the zone.
(4). Goods within the zone, if enter the domestic markets outside the zone should go through customs formalities in accordance with relevant provisions of importing goods and will be taxed based on the actual status of goods.
(5). Goods transactions between corporations within the zone are exempt from added value tax and consumption tax.
2. Trade Regulation Policies
Imported or exported goods are free from import and export quotas and permit license management except those under special provisions of legislation, administrative laws and regulations.
3. Bonded Supervision Policies
(1). There is no storage deadline for bonded storage goods in the zone.
(2). Ledger management of pledged deposits won’t be provided for processing companies in the zone.
(3). Free flow of goods between corporations in the zone is allowed.
4. Foreign Exchange Policies
Imported or exported goods will not go through any foreign exchange verification procedures. Goods entering or exiting the zone (outside the zone but still domestic) are allowed to settle accounts in foreign currencies or RMB.
