Hainan's tax exemption policy refers to a series of preferential tax policies implemented in Hainan Province, China to exempt import duties, value-added tax and consumption tax. These policies aim at promoting the construction of Hainan free trade port, attracting domestic and foreign tourists and investors, and promoting the economic development of Hainan. The following are some main contents of Hainan's tax-free policy:

1. Tax-free policy for outlying islands: The tax-free policy for outlying islands allows tourists to buy imported goods in duty-free shops designated by Hainan Province, and is exempt from paying customs duties, value-added tax and consumption tax. Each tourist has a duty-free shopping quota of RMB million per year, and can buy various imported goods including cosmetics, watches, jewelry, clothing, bags and so on.

2. Preferential import tax policies: In order to encourage enterprises to import raw materials and equipment, Hainan Free Trade Port implements preferential import tax policies for qualified enterprises, including exemption from customs duties, value-added tax and consumption tax.

3. Export tax rebate policy: Export goods produced in Hainan Free Trade Port can enjoy the export tax rebate policy, which will help reduce the cost of enterprises and improve their competitiveness.

4. cross-border electronic commerce policy: Hainan Free Trade Port has also introduced the cross-border electronic commerce policy, allowing enterprises to conduct business in cross-border electronic commerce under the premise of complying with relevant laws and regulations, so as to facilitate consumers to buy overseas goods.

5. Bonded logistics policy: Hainan Free Trade Port provides bonded logistics policy, supports enterprises to carry out bonded warehousing, logistics distribution and distribution services, reduces enterprise costs and improves logistics efficiency.

It should be noted that the scope of implementation, applicable conditions and specific preferential tax policies of Hainan's tax exemption policy may change due to policy adjustment, so when enjoying the tax exemption policy, we need to pay attention to the latest changes of relevant policies and regulations.