Export tax rebate pilot to extend
Print Edition
CHINA will expand its export tax rebate pilot program to eight more ports at the beginning of next month to boost exports amid an economic slowdown.
The new tax rebate policy will be applied to exported container goods with customs clearance at water ports in Nanjing, Suzhou, Lianyungang, Wuhu, Jiujiang, Qingdao, Wuhan and Yueyang, according to a joint document by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation published yesterday.
The exported containers must be transferred and depart via the Yangshan Free Trade Port in Shanghai, according to the document.
Taxes will be refunded at those ports of loading to qualified exporting enterprises whose tax payment credit is rated B or better by both tax and customs authorities, the document said.
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