Source: Macau Daily Times
Friday, 23rd June, 2017
Mainland Waives Taxes for 27 Products
Under the Closer Economic Partnership Arrangement (CEPA), 27 products will be charged zero taxes when exported to the mainland from Macau, as revealed by the Gongbei Customs District yesterday, according to a report by TDM. The list of products includes seasonings, wine and diamonds, with a few of the items originally manufactured in Macau. The tax-free policy will come into effect on June 1. According to Deng Weiguang, head of the Origin Management Office of Gongbei Customs, many of these 27 products are related to Portuguese-speaking Countries. The new policy is expected to attract companies from the Portuguese-speaking countries to invest in Macau.