Hainan to raise duty-free shopping quota
BEIJING, Nov. 28 (Xinhua) -- China's Hainan Province will increase its annual tax-free shopping quota for travelers, according to the Ministry of Finance (MOF) Wednesday.
Effective on Saturday, the quota will be raised to 30,000 yuan (about 4,300 U.S. dollars) per year from the current 16,000 yuan, without limit on the number of purchases, said a joint statement from the MOF and China's customs and taxation authorities.
Some home medical devices will be added to the duty-free list, including hearing aids and breathing machines.
The duty-free shopping policy was implemented in April 2011 and has been improved since with broader coverage and fewer restrictions.
Duty-free sales in Hainan jumped 24.1 percent year-on-year in the first half of the year, to 5.29 billion yuan.