Notice of the General Administration of Customs on Issuing the “Measures for the Administration of Tax Collection on Domestic Sale of Processing and Value-Added Goods in the Hengqin Guangdong-Macao Intensive Cooperation Zone” (Public Notice [2024] No.10)
24 January 2024
On 24 January 2024, the General Administration of Customs issued the “Measures for the Administration of Tax Collection on Domestic Sale of Processing and Value-Added Goods in the Hengqin Guangdong-Macao Intensive Cooperation Zone” (“the Measures”). According to the Measures, for goods (including imported materials) produced by enterprises in the Cooperation Zone with value added at 30% or more, customs duty shall be exempted if importing into mainland China via the Cooperation Zone and the Value-added Tax and Consumption Tax shall be levied based on the actual inspection status of goods. In addition, the exemption of customs duty on value-added processing goods will apply to domestic sales that have an overall value-added of 30% or more in the Cooperation Zone. The Measures will be effective from the date of operation of the Cooperation Zone.