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    HNA Is Planning To Operate &Nbsp Tax-Free; The "Four Separatist Regimes" In The Tax Exempt Market.

    2011/4/22 10:39:00 41

    Four Tax Exemption For HNA Tax Exemption

    Hainan "Islands"

    duty-free

    "The first day of the implementation of the policy was hot, causing widespread concern in the market.

    Against this background, insiders of Hainan Airlines disclosed to our reporter yesterday that HNA is now planning to enter the duty free market and plan to integrate it with the group's existing aviation, tourism and hotel businesses.

    According to reports, the Hainan provincial government is applying for tax exemption from the State Council.

    Management

    At the same time, HNA is negotiating with the Hainan SASAC and the Sino - free group. The three parties will set up a joint venture to enter the duty free market.


    In this regard, HNA said that as early as in Hainan, "Islands tax exemption".

    policy

    Before launching, HNA Group communicated with related parties, hoping to get the right to operate duty-free products.

    Now, many travel agencies have already launched tour products that include tax-free shopping, and HNA has already possessed the complete industrial chain of aviation, hotels and tourism. Therefore, the market can not stand idly by.

    At present, the main problem is whether we can get policy approval and how many shares the HNA Group will have in the joint venture in the future.

    It has been revealed that the hardware decoration of the duty free shops at Hainan Airlines Group has been basically completed, and is at the domestic departure hall of the airport.


    Chen Feng, chairman of HNA Group, said at the Boao forum for Asia that Hainan was approved to build an international tourism island last year, which has brought more opportunities for Hainan group. In addition to the accelerated development of existing aviation logistics and other industries, HNA has also set up Hainan tourism island development group to promote the investment and construction of all major sub sectors of the modern service industry in Hainan.


    Unlike Eastern Airlines, Air China and China Southern Airlines, the group has expanded its focus to the non aviation industry, which is the three largest airline.

    Chen Feng disclosed that the current aviation industry contribution income of Hainan Airlines has dropped to about 40%.

    In the future, the proportion of aviation industry contribution revenue will be around 30%, the logistics industry will account for about 30%, and other industries such as the financial industry and tourism business will contribute 20%.


    Current situation


    Tax exemption market "four separatist"


    According to the reporter, at present, in the mainland of China, the operation of duty free shops in the city has not yet been released, and it still needs approval from the State Council.

    There are mainly 4 tax-free operators who are allowed to operate wholesale and retail businesses of duty-free commodities, namely, China duty-free products group limited, Shenzhen state duty free commodities (Group) Co., Ltd., Zhuhai duty free enterprise group Co., Ltd. and Japan duty free line Co., Ltd.

    However, only the China exempt company can carry out business nationwide and there is no geographical restriction.

    The central bank is a subsidiary of the state owned assets supervision and Administration Commission, the China National Tourism Corporation.


    Shenzhen tax exemption is a wholly state-owned enterprise approved by the Shenzhen municipal government and the General Administration of customs, which operates tax-free goods. Zhuhai's tax exempt businesses include foreign duty free shops and foreign tax exempt shopping malls.

    Zhuhai duty-free shops at all ports are managed by Zhuhai duty-free Enterprise Group Co., Ltd.


    The duty-free line on the day is a foreign-funded enterprise specializing in airport duty free shops approved by the Chinese government.

    At present, there are exit and entry duty free shops at the Capital International Airport (T2 and T3 terminal) and the Shanghai International Airport (Pudong International Airport T1, T2 terminal and Hongqiao International Airport Area).

    The company staff said yesterday that if you need to shop in the duty-free shop, you need to bring in and exit tickets, which can be purchased at airports in Beijing and Shanghai, and there are no stores in the urban area.


    According to the offshore duty-free policy of the State Council, a duty free shop will be set up in Haikou and Sanya.

    However, after the implementation of the policy in April 20th, only the Sanya branch of the group started operation, and the Haikou store is still in the process of preparation.

    (Hu Hongwei)


    Exergy analysis


    First day, "fire" is not normal.


    In view of the hot spot of Sanya's duty-free shops opening on the first day, the China Insurance Group responsible person said yesterday that before the domestic consumers were concerned about offshore duty-free policy and waited for a long time, it appeared a hot scene on the first day, releasing the enthusiasm of consumption, and after a period of time, it will return to normal condition, so it will be easier to have clear expectations for the market.

    The person in charge said that according to the needs of the consumers, according to the market changes, the category of sales products should be adjusted, and the price of the products would be the same as those of other duty free shops of the group.

    (


     
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