The new regulations of the export tax rebate from July
- Details
- Category: Ningbo News
- Published: Friday, 22 June 2012 10:44
Source 2012-6-22 9:27:32 Ningbo Evening News
Expand the scope of the program to simplify Ningbo export enterprises welcome positive
Reporter Peng Ying correspondent side plain
Ministry of Finance, State Administration of Taxation issued a "notice" on the export of goods and services value-added tax and consumption tax policy on the 19th of this month, the State Administration of Taxation issued the "export of goods and services value-added tax and consumption tax management approach".
The new export tax rebate policy to expand the range of manufacturers acquisition of goods for export tax rebates, part of the export of goods from the tax adjustment for the tax exemption, in addition to the time of the refund to significantly extend. For Yongcheng export enterprises, to usher in good. The new regulations will be implemented from July 1.
Expand the scope of the acquisition of goods for export tax rebates
From Ningbo Municipal Foreign Trade and Economic Cooperation Bureau data show that Up to now, the city registration of import and export enterprises, 18314, before May this year, the export performance of 10301. Among them, the production-oriented enterprises accounted for 70%.
For production-oriented enterprises, the export tax rebate new regulations alleviate cost pressures. The new rules were laid to expand the scope of the manufacturing enterprises to the acquisition of goods the export tax rebate, increase deemed to own the enterprise production, business activities related to goods. "It also means in the acquisition of products, bought products and business products will have the opportunity to enjoy tax rebates, and enjoy the tax rebate will inevitably be able to reduce business costs." Foreign Trade and Economic Cooperation Bureau of Ningbo City staff analyzed .
In addition, new regulations will also be part of the export duty-free goods from the tax adjustment. And the relaxation of the companies to declare the tax rebate period. The original provisions of enterprise is required to declare tax refund within 90 days after the export of goods declaration, otherwise it will be refunded, now modified for the export of goods to be exports to the next April VAT tax during the reporting period to declare the tax rebate.
This is really a good news. Ningbo the Phaeton Leisure Goods Co., Ltd. is a manufacturer of tents and other leisure products business products enjoy a 13% export tax rebates. The export tax rebate, the person in charge of the company Mr. Yang has been quite concerned. "We are now the financial specific knowledge of the specific scope of the tax rebate, if we buy the product can also enjoy tax rebates that profit margins can certainly improve."
The rebate program has been simplified
Reporters learned from Ningbo City, the IRS, production-oriented enterprises and trade-oriented enterprises to apply for export tax rebate, provided the certificate is not the same. Under the new regulations, production-oriented enterprises and trade-oriented enterprises to apply for export tax rebate will be more convenient.
New regulations to adjust the current tax rebate declaration of export goods with export contracts and sale of a breakdown in advance the scope and conditions of production enterprises, specifically modified to: expand the scope of goods traffic in more than one year production cycle for transport equipment and machinery, and the elimination of export scale conditions, more than $ 30 million enterprise has certain assets changed last year net assets is greater than the same period the export VAT and consumption tax rebates, and three times, will never happen export tax fraud changed to never tax evasion, tax fraud, false invoices and false invoices behavior.
The new regulations also adjust the foreign trade enterprises to apply for the rebate information. The current export tax rebate provisions of the special letter of payment of customs import VAT as a tax rebate certificate, notice on the basis of the existing declarations, an increase of customs import VAT payment book. Goods imported by the foreign trade enterprises, the need to export, rely on customs import VAT payment of declaration of export tax rebate.
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Emerging markets as a "meat and potatoes"
Jordanian trade shows attract a large number of Ningbo enterprises
(Reporter correspondent Peng Ying Mao both) of European and American economic downturn, emerging markets, Ningbo's foreign trade enterprises in the eyes of "meat and potatoes". More and more Ningbo enterprises to expand into emerging markets, exhibiting a number of Ningbo enterprises preferred. Reporters learned yesterday from the Municipal Bureau of Foreign Trade, to be held in September, the Ninth China (Jordan) commodity exhibition to attract a large number of Ningbo enterprises.
Located in Europe, Asia, Africa occupies the Middle East has been a trade hub and distribution center for goods of things, many goods by re-exported to over 60 countries of West Asia, North Africa, Eastern Europe and other places, a very large market radiating Therefore, more and more Ningbo enterprises to open up the market. "Ningbo Municipal Foreign Trade and Economic Cooperation Bureau official told reporters. In recent years, more and more Ningbo enterprises have to route through Jordan, to seize the emerging markets. In 2011, China has become Jordan's second largest trading partner. From the customs statistics, in 2011, about trade volume was $ 2.78 billion, an increase of 35.2 percent, including Ningbo, the city's Middle East exports year-on-year increase of 22.1 percent in 2011.
The source also told reporters that to encourage more businesses to open up the market in the Middle East, known as "Fair" in the Middle East (Jordan) commodity exhibition will be included in the international market development funds to support, exhibitors, in addition to support from the project, will also additional study the market cost of support. This has been held for the eighth exhibition last year attracted 17,244 professional buyers from Jordan and the Middle East, 37 countries and regions, the total accumulated turnover of 1.3176 billion U.S. dollars.
