General Administration of Customs issues Interim Measures for Customs Duties on Processing and Value-added Tax Exemption for Goods in Hainan Free Trade Port of the People's Republic of China.

According to the financial news app Sina Finance, on July 23, the General Administration of Customs announced Notice No. 158 of 2025 (Announcement on the Interim Measures for Customs Tax Collection and Management on Goods Processed with Added Value in the Hainan Free Trade Port of the People's Republic of China). The announcement mentioned that for goods produced by encouraged industries in the Hainan Free Trade Port with a processing value-added of 30% or more, imported materials included, entering the mainland from the Hainan Free Trade Port will be exempt from import duties, while import value-added tax and consumption tax will be levied in accordance with regulations (referred to as the processing value-added tax exemption policy).