According to the latest statistics from the State Administration of Taxation, in the first seven months of this year, my country’s cumulative export tax refunds (exemptions) were 601.637 billion yuan, a year-on-year increase of 0.8%.
Export tax rebates are closely related to foreign trade companies. Amid the sluggish foreign trade situation, the tax authorities have taken multiple measures to continuously simplify and optimize the tax refund process to help foreign trade companies withstand the “cold winter”.
Export tax rebates exceeded 600 billion yuan in July
Since the beginning of this year, my country’s foreign trade has been in the most difficult period since the financial crisis, and some foreign trade companies have encountered a “cold winter.” In terms of export tax refund (exemption), in the first seven months of this year, a total of 601.637 billion yuan was processed, a year-on-year increase of 0.8%.
According to the Goods and Service Tax Department of the State Administration of Taxation, companies generally apply for tax refunds 2 to 3 months after exporting. For example, in the first half of this year, the tax refunds correspond to the export situation from October to March last year. The increase is related to the tax refund. The growth rate of import and export volume is generally consistent.
In recent years, the scale of my country’s export tax rebates has been expanding. Last year, my country’s export tax rebates (exemptions) exceeded 1 trillion yuan for the first time, accounting for about one-tenth of the tax revenue. Guangdong, Zhejiang, Jiangsu The three provinces are the top three export tax rebate provinces in my country.
Feng Zhigang, chief economist of the State Administration of Taxation in Hangzhou, Zhejiang Province, said that in the first half of this year, Hangzhou’s foreign trade exports reached US$17.363 billion, a year-on-year increase of 2.9%. The growth rate continued to hover at a low level. From January to July, the city provided export refunds (free of charge) for enterprises ) tax of 14.975 billion yuan.
The tax refund process continues to be simplified and optimized
In September last year, the electronic tax refund platform in Zhongshan City, Guangdong Province was officially launched online, bidding farewell to the paper-based tax refund model for many years. “Since this year, this platform has become more mature, and the corporate tax refund cycle has been shortened by 3 to 5 days. Calculated based on bank loan interest, it has saved export companies 8 million yuan in capital costs throughout the year.” Tang, Director of the National Taxation Bureau of Zhongshan City, Guangdong Hua An said.
In fact, in recent years, our country has continuously simplified and optimized the tax refund process and promoted the further improvement of the export tax refund system on the basis of making full use of electronic and informatization means, such as extending the export tax refund declaration period, expanding the scope of tax exemption, and implementing Online tax filing, delegating approval authority, etc.
Some provinces with major export tax rebates have also established relatively mature export tax rebate classification management systems, establishing “green channels” for some larger enterprises with higher tax reputations. For example, 0.9% of enterprises in Zhejiang Province are classified as first-level tax refund management, and the proportion of tax refunds (exemptions) accounts for 20.6%. On the premise of ensuring tax safety, tax refunds for these enterprises can effectively shorten the time.
“Currently, under non-abnormal circumstances, if an enterprise declares a tax refund in the same month, the process can be completed in the same month, no more than 20 working days.” Zhu Jiangtao, chief accountant of the Guangdong State Taxation Bureau, said that from a national perspective, the overall speed of export tax refunds It is also accelerating, and the cycle is generally shortened.
Help enterprises resist the “cold winter”
Under the complex situation of foreign trade exports, different companies will have different responses, and easing financial pressure often plays an important role in this. Whether export tax rebates can be received in a timely manner is related to whether corporate funds can be withdrawn quickly.
“The balance of the company’s tax refund in July last year, that is, the amount of tax that has not been refunded after declaration, was 35.03 million yuan. In July this year, it was 18.62 million yuan, a decrease of about 17 million yuan. This means that the company has saved at least 1 million yuan. Interest expenses, this fully shows that the tax department is accelerating the progress of tax refunds.” He Hongrong, general manager of Guangdong Zhongshan Food and Aquatic Products Import and Export Co., Ltd. said.
Zhu Xiaoping, financial director of Hangzhou Light Industry Craft Textiles Import and Export Co., Ltd., said: “In the first half of this year, the company declared a tax refund of 105 million yuan, and has already refunded 102 million yuan. Under the difficult foreign trade situation, corporate profits are also Tax refunds have a great impact on the development of enterprises. The tax refund time is shortened by a few days, which sometimes has a key impact on the capital chain of enterprises.”
Taxation can often be an inducement for companies to adjust their business operations. As my country’s export tax rebate system is further improved, its role in promoting the transformation of foreign trade companies is also becoming more prominent. For example, as a high-tech product, tapping machine tools have maintained a high tax rebate rate of 17% in recent years. Its export volume in Zhejiang has increased by 125% in the past six years, and the technological added value of related companies has also increased significantly.
