| Point of comparison |
Export Processing Zone |
regular industrial parks |
|
Importing production equipment ,spare parts,molds,basic construction materials,office supplies,etc. |
Tariff free |
in accordance with regulations,tariffs are imposed on infrastructure development materials ,spare parts,molds,office supplies and other products.machines and qther equipment from government-encouraged industries and export-only enterprises are exempt from tariffs;all other goods are subject to tariffs. |
| Customs clearance |
24 hour direct customs services |
Direct or transferred for other customs checks.full container loads will be able to enter directly,but bulk-cargo will need clearance from the entry ports customs office. |
| Importof materials or parts used for processing and trade |
bonded materials or parts are simply placed on record and requar no registration handbook or cash deposits |
Bonded goods require the use of registration handbooks and cash deposits,and must be decleared to customs during import and export.customs clearance procedures include item-by-item declearation,electronic or personal document review,and item-by-item handbook verfication. |
|
Quota and licensing policies |
not necessary for imports |
Customary quota and licensing policies apply |
| Domestic purchasea |
viewed as exports,customs office signs and issues export tax refund forms |
Value-added taxes imposed on domestic sales |
|
Transfer of bonded materials and parts within the area |
raw materials and unfinished products can be transferred and exchanged freely within the zone |
Taxes levied on the domestic sale of bonded goods |
|
Post-processing exports |
exempt from value-added taxes |
Value-added taxes refunded |
|
Goods verification |
twice a year |
Verified with each handbook |
|
Canceallation after verification of foreign exchange |
no need for foreign currency sale verification procedures |
Export verification form management and import payment verification procedures required |
| Income tax rate |
15% |
24% |
