Circular of Ten Authorities Including the State Taxation Administration on Further Enhancing Support for Export Refunds to Promote the Steady Growth of Foreign Trade
Circular of Ten Authorities Including the State Taxation Administration on Further Enhancing Support for Export Refunds to Promote the Steady Growth of Foreign Trade
Circular of Ten Authorities Including the State Taxation Administration on Further Enhancing Support for Export Refunds to Promote the Steady Growth of Foreign Trade
Shui Zong Huo Lao Fa [2022] No.36
April 20, 2022
The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government, and the relevant departments of the State Council:
In order to thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, assist foreign trade enterprises to alleviate difficulties, promote the stable development of imports and exports, give better play to the export refund policy, which is inclusive, fair, and in line with international rules, and optimize the foreign trade business environment in various aspects, with the approval of the State Council, the matters relating thereto are hereby notified as follows:
I. Further enhance the support policy for enterprises
1. Strengthen the connection between export credit insurance and export refund policy. For an export business that files for a tax refund, if the export credit insurance proceeds are obtained due to the inability to collect exchange earnings, the export credit insurance proceeds shall be regarded as the collection of exchange earnings, and the export refund shall be processed. (The Ministry of Commerce, the State Taxation Administration, and the China Banking and Insurance Regulatory Commission are responsible as per the division of duties.)
2. Improve the export refund policy for processing trade. In order to support the development of processing trade enterprises and further reduce the burden on enterprises, after the refund rate for export products is consistent with the tax rate, the input VAT transferred out due to inconsistent rates and other reasons is allowed to be deducted by the enterprise as the input tax. (The Ministry of Finance, the State Taxation Administration, etc. are responsible as per the division of duties.)
3. Explore the potential of the departure tax refund policy. Further expand the geographical coverage of the departure tax refund policy for overseas tourists’ shopping. Optimize the layout of tax-refund stores, promote more high-quality merchants to become tax-refund stores, and form a larger-scale agglomeration effect. Actively implement convenient measures such as convenient payment for departure tax refunds and "refunding as soon as you buy it", facilitate the travel, shopping and consumption by overseas tourists in China, and promote the standardized development of departure tax refunds.
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Shui Zong Huo Lao Fa [2022] No.36
April 20, 2022
The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government, and the relevant departments of the State Council:
In order to thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, assist foreign trade enterprises to alleviate difficulties, promote the stable development of imports and exports, give better play to the export refund policy, which is inclusive, fair, and in line with international rules, and optimize the foreign trade business environment in various aspects, with the approval of the State Council, the matters relating thereto are hereby notified as follows:
I. Further enhance the support policy for enterprises
1. Strengthen the connection between export credit insurance and export refund policy. For an export business that files for a tax refund, if the export credit insurance proceeds are obtained due to the inability to collect exchange earnings, the export credit insurance proceeds shall be regarded as the collection of exchange earnings, and the export refund shall be processed. (The Ministry of Commerce, the State Taxation Administration, and the China Banking and Insurance Regulatory Commission are responsible as per the division of duties.)
2. Improve the export refund policy for processing trade. In order to support the development of processing trade enterprises and further reduce the burden on enterprises, after the refund rate for export products is consistent with the tax rate, the input VAT transferred out due to inconsistent rates and other reasons is allowed to be deducted by the enterprise as the input tax. (The Ministry of Finance, the State Taxation Administration, etc. are responsible as per the division of duties.)
3. Explore the potential of the departure tax refund policy. Further expand the geographical coverage of the departure tax refund policy for overseas tourists’ shopping. Optimize the layout of tax-refund stores, promote more high-quality merchants to become tax-refund stores, and form a larger-scale agglomeration effect. Actively implement convenient measures such as convenient payment for departure tax refunds and "refunding as soon as you buy it", facilitate the travel, shopping and consumption by overseas tourists in China, and promote the standardized development of departure tax refunds.
......