After two consecutive State Council executive meetings focused on stable foreign trade in late September, the State Council once again showed good measures for foreign trade on the 8th. This time, the focus of the deployment was on improving the export tax rebate-1.html">export tax rebate policy to speed up the tax rebate.
The State Council executive meeting held on the same day decided that from November 1, 2018, in accordance with the principle of structural adjustment, with reference to international practices, the current export tax rebate rate for goods is 15% and part of 13% is raised to 16%; Raised to 10%, some of which were raised to 13%; 5% to 6% and some to 10%. The tax rebate rate was reduced from the original seven to five.
At the same time, the meeting also determined that in order to further speed up the tax rebate, the export enterprises with high credit ratings and good tax records will simplify the procedures and shorten the time for tax refunds, and fully implement the paperless tax refund declaration to improve the efficiency of tax refund review. Optimize the tax refund service, help enterprises to collect the documents and declare the tax refund in time, and realize the full coverage of the electronic return network as soon as possible. Encourage foreign trade integrated service enterprises to provide tax refund services for small and medium-sized enterprises.
The meeting made it clear that the average time for tax refunds will be reduced from the current 13 working days to 10 working days before the end of this year.
“Funding is cost, time is also cost.” Lu Yongling, director of the E-Commerce Research Center of Shanghai University of Finance and Economics, believes that from the time of compressing customs clearance, simplifying customs clearance procedures, and improving export tax rebate policy, the progress of export tax rebate is accelerated. This is the overall reduction of customs clearance costs. The combination of boxing punches is quite beneficial for foreign trade enterprises, especially small and medium-sized enterprises.
In her view, by optimizing the tax rebate service and achieving electronic network coverage, it will further improve the multi-sector data sharing level and create a more “sunshine” development regulatory environment for cross-border e-commerce exports and other fields.
Zhuang Wei, deputy dean of the Institute of International Economics of the University of International Business and Economics, noted that this meeting clearly stated that the export tax rebate rate for products with high energy consumption, high pollution, resource products and tasks facing de-capacity remains unchanged.
"This is conducive to deepening supply-side structural reforms, boosting the optimization structure, transformation and upgrading of Chinese enterprises, and better moving from quantitative growth to quality development," she said.
Observing the three State Council executive meetings, it is not difficult to find that whether it is to reduce the number of regulatory documents to be verified in the import and export process from 86 to 48, or to reduce the import tariff rate of 1585 tax items such as industrial products, or the latest The new policy of export tax rebate, the core essentials are aimed at reducing the burden of enterprises and maintaining stable growth of foreign trade.
Zhang Yansheng, chief researcher of China International Economic Exchange Center, believes that since the beginning of this year, China has launched a series of practical foreign trade measures based on its own economic development needs, which is not only conducive to achieving a higher level of opening up, but also injecting a healthy development of global trade. warm current.
Stabilizing foreign trade and then making a real move
Author： Time：2019-10-17
