Recently, the State Administration of Taxation issued a document to expand the implementation scope of the pilot tax refund policy for departure ports: Tianjin Port in Tianjin, Dayaowan Port in Dalian, Liaoning Province, Zhoushan Port in Ningbo, Zhejiang Province, Qingdao Port in Qingdao, Shandong Province, Jiangyin Port Area in Fuzhou, Fujian Province, Haicang Port Area in Xiamen, and Dongdu Port Area in Xiamen. Starting from April 1st, the departure port tax refund policy will be implemented.
The tax refund policy at the departure port is an export tax refund management model that has been reformed and innovated in China. In general, export tax refund refers to the tax refund only after foreign trade goods are transported to the port of departure and customs clearance procedures are completed, while the tax refund policy at the port of departure is that when foreign trade goods are transported from the port of departure, even if they have not yet been transported to the corresponding port of departure, the tax refund procedures can be processed.
Taking Qingdao Port as an example: On the day of policy implementation, a batch of equipment from Qingdao Free Trade Zone Feist International Trade Co., Ltd. was loaded from Weihai Port in Shandong, transported by internal branch ships to Qingdao Qianwan Port, and planned to be shipped to Cambodia next week. The original tax refund application needs to be processed after the actual departure of the goods from Qingdao Port. After the implementation of the tax refund policy at the departure port, the company immediately submitted a tax refund application to the Qingdao Qianwan Bonded Port Tax Bureau after the shipment of this batch of equipment, marking the official launch and implementation of the tax refund policy at the departure port with Qingdao Port as the departure port.
For export enterprises, benefiting from the digital effect of customs supervision, after the implementation of the tax refund policy at the port of departure, they do not need to add any business operations to apply the policy and enjoy preferential policies, achieving early tax refund. It saves the transportation time of goods from the port of departure to the port of departure, as well as the time of berthing at the port of departure, waiting for loading, handling departure procedures, and reloading to international vessels. Effectively accelerating enterprise capital turnover, improving enterprise economic efficiency, and enhancing the vitality of international trade.
For the departure port, direct tax refund of foreign trade container goods departing from the departure port can shorten the tax refund cycle for enterprises. This way, enterprises are more willing to handle exports from the nearby port of departure, while also increasing the throughput of the port of departure.
For departure ports, it can effectively enhance the connectivity between the departure port and the departure port, expand the container business scale of the departure port, and enhance its hub port status.
Source: Souhang Network