This year, the State Taxation Administration enacted the Announcement on Further Facilitating Procedure of Export Rebate and Promoting Steady Development of Foreign Trade, setting forth that those export enterprises engaged in processing imported materials, which have implemented the tax exemption, deduction, and rebate measure, shall not be exempted or deducted from a tax credit when they carry forward tax exemption, deduction, and rebate that fail to be offset for reasons such as inconsistency of previous tax refund rate in the wake of implementation of the state policy for consistency of tax refund rates upon exported products. After being verified by enterprises, the tax exemption, deduction, and rebate may be converted into input VAT of the corresponding sum.

After the enactment of the new policy, staff members of the Tax Bureau of Jining National High-tech Industrial Development Zone responded to the police immediately and took swift actions in real-time. They conducted screening and investigation in the “Golden Tax Project Phase III” system and sifted out a total of 7 enterprises that comply with the new policy.

Next, Jining National High-tech Industrial Development Zone will continue taking effective actions and go all out to ensure the implementation of the new export rebate policy. It will do well the work and better the service in a down-to-earth manner, bring into play its taxation role, and assist foreign trade enterprises of Jining National High-tech Industrial Development Zone in “setting sail” with stronger policy support, more precise and meticulous taxation service, and more convenient and efficient tax rebate procedure.