Knowing All about Hunan

Hunan rolls out measures to expedite export tax rebates, stabilize foreign trade

Updated:2022-04-20 11:19:14

At the Chenglingji New Port Area, Yueyang City, Hunan Province, New Kinpo High-end Intelligent Technology R&D (Yueyang) Co., Ltd., which mainly exports electronic communication equipment, enjoyed the latest policy of export tax rebate or exemption service. Huang Tingyi, person in charge of the company's finance, said, "In the earliest possible time, export tax rebate or exemption service can be handled on the very day when the declaration is made, which greatly improves the efficiency of capital turnover."

Recently, the Hunan tax authority has launched a series of measures to stabilize foreign trade and facilitate export tax rebate or exemption processing.

Staffers of the Yueyang Chenglingji New Port Area Tax Service of the State Taxation Administration introduced policies to foreign trade enterprises.

Photo provided by the interviewee

According to the notice issued by the Hunan Provincial Tax Service of the State Taxation Administration, the measures include:

-- Advanced manufacturing enterprises and large-scale key foreign trade enterprises are included in the scope of the "handling export tax rebate or exemption immediately when the declaration is submitted", and the time needed for the service is within two working days;

-- The experience of giving priority to export tax rebate or exemption are replicated and advanced in start-ups; and,

-- Category-based management of export enterprises is implemented according to the "credit + supervision" mechanism.

In addition, the Hunan tax authority will also focus on supporting pilot work such as cross-border e-commerce and departure tax rebates, and implement the value-added tax (VAT) exemption policy for market procurement trade and cross-border e-commerce retail exports. Statistics show that in the first quarter of this year, Hunan has granted export tax rebates or exemptions worth 6.028 billion yuan, a year-on-year increase of 17.36%.

Wang Jianping, deputy director of the Hunan Provincial Tax Service of the State Taxation Administration, said that the tax authority will further optimize services, speed up the process for export rebates, grant enterprises accurate and full tax funds, and support the development of foreign trade enterprises.