Free Trade Zone Tax Legal System And The Tax Law System Of Maritime Services In The Region Studied

Founded by the state council and supervised by the customs, bonded area is an area cover warehouse, import and export processing re-exports and finance leasing of ships and other functions. Compared with the special economic zone, technological development zones and the state high-tech industries development zones, bonded area is the most open district in China.Unlike traditional free trade area, bonded area implements preferential tax system with Chinese characteristics. The main functions of bonded area are "bonded warehousing, imports and exports, re-exports". Any products into the bonded area from oversea or from domestic markets enjoy no tax pressure.Considering maritime services, bonded area should further develop its existing tax system and legislation to improve the capacity of bonded area. The tax regulations of bonded area are revised and on the process of improvement. This paper studies the bonded area of tax advantages and disadvantage and makes a list, and explicates some advice towards these situations.