Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Tax-back plan for port
By Ding Yining |
June 4, 2009, Thursday
|
Print Edition
Print Edition
THE government will encourage Yangshan Deep-water Port to become a transaction hub for domestic shipping lines, industry experts said at a work meeting yesterday.
The Committee of Shanghai Urban Construction & Communications is working with other government departments to develop a policy that will make tax rebates available at the departure port.
Government authorities have also put forward detailed guidelines for five projects including 59 specific measures for Shanghai to speed up its building of a shipping center, but the work meeting didn't reveal any time frame for the measures.
Normally, tax rebates are available up to three months after goods are shipped to a foreign country. After using Yangshan port as a transfer hub, export-oriented companies will get their rebate as soon as the goods arrive at Yangshan, speeding up capital flow.
Yangshan Deep-water port became China's first bonded port in June 2005. There are now eight bonded port zones around the country and Yangshan is expecting to attract more shipping lines with the new tax policy.
The State Council has mapped out detailed guidelines for the local government to build Shanghai up into an international shipping hub. Shipping companies registered at Yangshan Deep-water Port will be exempt from paying business tax on their international shipping revenue. Other incentives include tax breaks for logistics companies and warehouse operators.
The Committee of Shanghai Urban Construction & Communications is working with other government departments to develop a policy that will make tax rebates available at the departure port.
Government authorities have also put forward detailed guidelines for five projects including 59 specific measures for Shanghai to speed up its building of a shipping center, but the work meeting didn't reveal any time frame for the measures.
Normally, tax rebates are available up to three months after goods are shipped to a foreign country. After using Yangshan port as a transfer hub, export-oriented companies will get their rebate as soon as the goods arrive at Yangshan, speeding up capital flow.
Yangshan Deep-water port became China's first bonded port in June 2005. There are now eight bonded port zones around the country and Yangshan is expecting to attract more shipping lines with the new tax policy.
The State Council has mapped out detailed guidelines for the local government to build Shanghai up into an international shipping hub. Shipping companies registered at Yangshan Deep-water Port will be exempt from paying business tax on their international shipping revenue. Other incentives include tax breaks for logistics companies and warehouse operators.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
