Financial & Tax Policies Zero-Tariff Policy for Imported Pharmaceuticals and Medical Devices in the Hainan Free Trade Port
Zero-Tariff Policy for Imported Pharmaceuticals and Medical Devices in the Hainan Free Trade Port
Core Content Summary
Before the island-wide independent customs operation, eligible medical institutions, higher education institutions for medical studies, and pharmaceutical scientific research institutes that are registered and possess independent legal person status within the Hainan Boao Lecheng International Medical Tourism Pilot Zone, and have been officially certified, may import qualifying pharmaceuticals and medical devices free of import tariffs, import-stage value-added tax, and consumption tax, provided that these products are used strictly in accordance with relevant regulations.
Eligibility Conditions
This preferential policy applies to:
Certified medical institutions,
Higher education institutions offering medical programs, and
Pharmaceutical scientific research institutes
that are registered as independent legal entities within the Hainan Boao Lecheng International Medical Tourism Pilot Zone.
Implementation Process
The list of institutions eligible to benefit from this policy is jointly reviewed and determined by the Boao Lecheng Pilot Zone Administration together with the Hainan Provincial Health Commission, Drug Administration, Department of Education, Department of Science and Technology, Department of Finance, as well as Haikou Customs and the Hainan Provincial Tax Service of the State Taxation Administration.
This list is subject to dynamic adjustment and is formally communicated in writing to Haikou Customs and the Hainan Provincial Tax Service.
Lead Department
Organization: Hainan Boao Lecheng International Medical Tourism Pilot Zone Administration
Address: No. 32 Kangxiang Road, Boao Lecheng International Medical Tourism Pilot Zone, Qionghai City, Hainan Province, China
Responsible Office: Department of Real-World Research and Translational Applications
Telephone: +86-898-62830087
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