Point of comparison |
Export Processing Zones |
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 other 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. |
Import of materials or parts used for processing and trade |
bonded materials or parts are simply placed on record and require no registration handbook or cash deposits |
Bonded goods require the use of registration handbooks and cash deposits, and must be declared to customs during import and export. customs clearance procedures include item-by-item declaration, electronic or personal document review, and item-by-item handbook verification. |
Quota and licensing policies |
not necessary for imports |
Customary quota and licensing policies apply |
Domestic purchase |
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 |
Cancellation 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% |
