Exporters to get tax rebate in program
By Cathy Ding |
December 1, 2011, Thursday
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Print Edition
Print Edition
SHANGHAI will launch a pilot program that allows exporters to enjoy a tax refund as soon as their dry bulk goods and containers depart for Yangshan Deep-water Port from their home ports, a government official said yesterday.
"The tax refund program will be put into operation at the end of this year or the beginning of next year, and details will be announced very soon," said Dai Haibo, vice head of Pudong New Area government.
Exporters of dry bulk goods and containers departing from Qingdao and Wuhan that used the Yangshan port as a transfer hub will get their rebates as soon as their cargo has left the home ports.
The Ministry of Finance and the Ministry of Transport support the pilot project and are coordinating with local government institutions, Dai said during Marintec China 2011 yesterday.
Observers said the tax refund will boost the Yangshan port's competitiveness against other Asian ports.
"The tax refund program will be put into operation at the end of this year or the beginning of next year, and details will be announced very soon," said Dai Haibo, vice head of Pudong New Area government.
Exporters of dry bulk goods and containers departing from Qingdao and Wuhan that used the Yangshan port as a transfer hub will get their rebates as soon as their cargo has left the home ports.
The Ministry of Finance and the Ministry of Transport support the pilot project and are coordinating with local government institutions, Dai said during Marintec China 2011 yesterday.
Observers said the tax refund will boost the Yangshan port's competitiveness against other Asian ports.
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