Beijing Business Council Issues New Policy, Leaving Tax Rebate Shops To Promote Consumption

Enterprise energy saving products will be rewarded with policy funds for entering the supermarket; the traditional retail business will offer the highest 50% financial support for the online shopping experience zone; the Chinese traditional skills master will receive full financial support; the Tianjin free trade zone policy will extend to Beijing.

Under the influence of the current traditional business downturn and the difficult pformation of high-end catering, Beijing's consumption growth has been slowing down steadily. In order to promote sustained and stable consumption growth, Beijing Business Council released 15 policies to promote consumption growth yesterday.

According to Sun Yao, deputy director of Beijing Business Committee, since the establishment of the Tianjin Free Trade Zone in April this year, Beijing Business Committee and Tianjin business department have been closely communicating, will implement the coordinated development strategy of Beijing Tianjin Hebei, accelerate the integration of Beijing Tianjin Hebei market, and promote research and exploration in Tianjin.

The relevant preferential policies extended to Beijing to expand the sale of imported goods.

Sun Yao said, for example, in the port customs clearance cooperation, imported goods were pported by air in the past.

Most of them have to go to Tianjin port, but now they can go directly to Pinggu and Chaoyang ports in Beijing, so that the degree of trade facilitation will be further improved. At the same time, the duty-free shops in Tianjin free trade zone can also be copied to Beijing, so as to build a platform for the entry of famous brand goods from other places into the capital market, enrich the capital consumption market, and lay a foundation for further expanding consumption.

To boost consumption, Beijing will also be expected to become the first city in the country to implement the tax refund policy for overseas tourists.

The official of the Beijing Municipal Commission of Commerce said that the Beijing Municipal Commerce Commission has assisted the State Administration of Taxation to select 80 enterprises with the conditions for furniture. At that time, all the other goods purchased by foreign tourists in Beijing can enjoy the tax refund policy in addition to the state prohibition, restriction on exit and value-added tax exemption articles.

The amount of tax rebates purchased by the same overseas traveller on the same day at the same rebate store amounted to 500 yuan.

Not yet opened or consumed, the day of departure is not more than 90 days from the date of tax rebate purchase, and the purchased tax rebate articles are carried by foreign passengers themselves or checked out with their luggage. The value added tax can be returned to 11% according to the sales invoice amount of tax rebates.

According to the briefing, the policy was formally implemented in July 1st.

In order to improve the quality of life service industry in Beijing, Sun Yao said yesterday that Beijing's life service industry development fund with a total capital of 1 billion yuan will be set up.

Among them, the Beijing Municipal Commerce Commission will invest part of the funds, and guide and promote social capital participation.

It is understood that the fund mainly with equity, debt and other equity participation in support of social capital cooperation, according to the needs of enterprises to innovate the way of use, in accordance with the market operation of the organization of the operation and management of funds.

The fund will focus on life service enterprises with certain strength and development prospects, build a public service platform for life service industry, improve the infrastructure of life service industry, and carry out projects such as Beijing Tianjin Hebei cooperation in life service industries.