Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

China’s resort island duty-free sales exceed 25 bln yuan

byCT Report
24/04/2017
in Latest News
Share on FacebookShare on Twitter

BEIJING: Offshore duty-free shops on the island province of Hainan sold more than 25.6 billion yuan (around 3.7 billion U.S. dollars) of goods over the past six years, official data showed. According to Haikou customs, the two duty-free shops, one in the provincial capital of Haikou and one in the resort city of Sanya, received more than 8 million customers and sold over 32 million items since offshore duty-free sales began in 2011.

The State Council gave Hainan the permission to run a trial duty-free program in April 2011 to help make the island a world-class tourist destination by 2020. Without any restrictions on the number of purchases, non-locals are allowed to buy duty-free products worth up to 16,000 yuan a year before they take flights or trains to leave the island. Travelers can also order on the Internet and pick up goods at the airport or railway station.

You might also like

Punjab revises property valuation rates to attract UAE & Gulf investors

05/05/2026

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

05/05/2026
Tags: China's resort island duty-free sales exceed 25 bln yuan

Related Stories

Punjab revises property valuation rates to attract UAE & Gulf investors

byCT Report
05/05/2026

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

byCT Report
05/05/2026

LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately instruct its field...

FTO dismisses Rs70m tax evasion complaint

byCT Report
05/05/2026

LAHORE: The Federal Tax Ombudsman (FTO) has dismissed a complaint involving alleged tax evasion of over Rs70 million, reiterating that...

FBR waives penalties on Rs8.77b tax liability of PIA

byCT Report
05/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting...

Next Post

Collector Preventive Ch Zulfiqar Ali reshuffles customs inspectors

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.