New Export Tax Rebates: Steering Criteria For Shishi Foreign Trade Enterprises

Since July 1st, China's newly adjusted

The tax rebate policy has been implemented.

Insiders say this will become Shishi.

The "steering standard" of exports.

Reporters yesterday learned from the city's Inland Revenue Department that after the implementation of the new export tax rebate policy, Shishi export enterprises will receive a number of "loosening" measures, and 110 foreign trade enterprises of Shishi will benefit from it.

Among them, there are 8 new export oriented enterprises this year, and about 3000000 yuan will be rebate this year, while 5 small businesses will be able to refund about 600000 yuan this year.

The time limit for tax refund is extended to 470 days

"Once encountering the delay in payment and the return of goods, it is very likely that enterprises will not be able to declare the export tax rebate according to the regulations."

A Shishi clothing trade company official said, "the tax rebate declaration period is changed from 90 days to the middle of April next year, the longest adjustment day is 470 days, the time limit is similar to the income tax remittance time, the new regulation is more humane."

It is understood that the new regulations for export tax rebates have been adjusted, including expanding the scope of export tax rebates for the acquisition of goods exported by production enterprises, adjusting the duty for some export goods to tax exemption and tax rebates, adjusting the period from 90 days to the longest 470 days (counting from the date of export), increasing the contents of exemption management of export goods, and canceling the 12 month audit period of small enterprises and new export business enterprises.

Shishi Municipal Taxation Bureau personnel said that every year, export enterprises in Shishi had missed 90 days' declaration time for various reasons. The original regulations required enterprises to declare tax rebates within 90 days after the export of goods declared, otherwise no tax rebates would be granted. Now the goods being exported must be declared tax rebates during the various value-added tax declaration periods from the first month of the export to the next April, and the time limit for enterprises to declare tax rebates has been significantly relaxed.

Enterprises can handle tax rebates on a monthly basis.

The new policy also lifted the ban on tax rebates for small businesses and new enterprises.

The old method stipulates that small enterprises and new production export enterprises designated by the newly registered export tax rebates will not be able to handle tax rebates until thirteenth months later.

To a large extent, this restricts the capital flow of enterprises, and this policy has been abolished after the policy adjustment, which means that these enterprises will be able to get the tax refund in the next month after they have done business.

After the lifting of the ban, enterprises can declare monthly and tax rebates on a monthly basis.

A company in charge of export business in the urban area has introduced a tax refund of about 500000 yuan.

After the new policy comes out, they will be able to get the tax rebate in July this year, and it is estimated that millions of dollars can be reinvigorated throughout the year.

According to the relevant staff of the IRS, the newly revised export tax rebate regulation has also expanded the scope of export tax rebates for production enterprises.

According to the new deal, the production enterprises of general taxpayers of value-added tax, which have been operating for 2 years and more than 2 years, have a tax credit rating of Grade A and a sales amount of more than 500 million yuan in the previous year, have the same type or correlation with the goods produced by the enterprises themselves.

It is also understood that the implementation of the new policy, the city's 110 export oriented enterprises will benefit from it.

The new tax policy has not only reduced the financial pressure of enterprises, but also saved financial costs. This is especially important in the environment where corporate finance is difficult and financing costs are high.

Loose policy enhances enterprise confidence

Stone lions mainly export garments, footwear, sporting goods and hardware products, aquatic products and so on.

The footwear industry and other industries enjoy 13% of the high export tax rebates, but many enterprises are not having a good time. The weak export and narrow profit margins make these enterprises only rely on export tax rebates. Therefore, the more relaxed export tax rebate policy will help improve the export environment of the industry.

Mr. Cai, a senior shoe company in Shishi, said: "the main purpose of the export tax rebate adjustment is to promote exports. This adjustment tax rebate scope and declaration cycle have been loosened. This is a good news for export enterprises, to a large extent will promote the export industry, but also to ease the pressure on enterprises, and enhance confidence in the development of enterprises."