The State Council Information Office held a regular policy briefing on April 28, 2022, to introduce measures on further increasingExport Drawbacksupport measures to help enterprises overcome difficulties and stabilizeforeign traderelevant situations. Stay tuned!

Q1
Q: What new policies are there regarding relief measures and tax rebates?

A: On April 20, 10 departments jointly issued the Notice on Further Increasing Export Tax Rebate Support to Promote Stable Foreign Trade Development, including 15 measures in three aspects. Specifically:

In focusing on policy relief to reduce the burden on export enterprises,

The Notice specifies three support policies:

· Strengthening the connection between export credit insurance and export tax rebate policies, treating insurance indemnities asA complete export agency agreement should be attached with:eligible for tax rebate processing;

· Improving export tax rebate policies for processing trade, allowing processing trade enterprises to deduct input VAT that couldnt be deducted previously due to inconsistent export product tax rates;

· Exploring the potential of departure tax refund policies, continuously expanding policy coverage, optimizing tax refund store layouts, and vigorously implementing convenience measures.

In focusing on convenient tax refunds to improve capital flow efficiency,

The Notice proposes seven facilitation measures:

· Vigorously promote contactless processing for export business, achieving fully online export tax rebate declaration, review, and feedback;

· Enhancing data sharing to further streamline export tax rebate submission materials;

· Actively promoting electronic documentation for export tax rebate records, allowing enterprises flexibility in choosing digital, image-based or paper-based documentation retention methods;

· Continuously improve intelligent export tax rebate declaration, promoting auto-fill for customs declaration forms and invoice information;

· Improving export tax rebate processing efficiency, reducing the average national processing time for normal rebates to within 6 working days in 2022;

· Deepening cooperation between customs and tax authorities to improve customs clearance efficiency for export goods returns;

· Optimize and simplify export tax rebate procedures, routinely implement tolerance processing for on-site verification, actively promote paperless processing for export tax rebate certificates, effectively improve rebate processing efficiency, and accelerate export enterprises capital turnover.

In focusing on optimizing the environment to promote stable foreign trade development,

The Notice introduces five support measures:

· Enriching publicity channels and precise reminder content to guide enterprises in improving export business processing efficiency;

· SupportingCross-border E-commerceHealthy, sustainable, and innovative development;

· Simplify the centralized tax refund filing process for comprehensive foreign trade service enterprises, creating convenient conditions for their development;

· Strengthen credit sharing to guide enterprises in operating with integrity, allowing reassessment of export tax refund classification management categories for enterprises with restored tax credit;

· Enhance inter-departmental collaboration and intensify joint efforts to combat fraudulent tax refund claims, actively fostering a fair and equitable business environment.

Q2
Q: What new measures are there regarding customs clearance facilitation reforms?

A: In terms of convenient declaration, further improve reform measures such as advanced declaration and two-step declaration to provide enterprises with suitable declaration mode options.

In terms of logistics facilitation, continuously improve measures such as two-stage admission and destination inspection to facilitate enterprises quick cargo pickup from ports. Meanwhile, pilot programs for direct pickup and loading at shipside have been extended to qualified customs offices nationwide. Priority has been given to coordinated risk control, cargo supervision, and taxpayer enterprise management across customs districts in Yangtze River Delta and Greater Bay Area regions, achieving paperless customs declaration unit registration, full online processing and national accessibility, while also facilitating convenient clearance and順勢監(jiān)管 for high-tech products.

The General Administration of Customs also guides subordinate customs to take measures based on different transportation modes, industries, and product characteristics to help enterprises resolveimport and exportDifficulties in cargo clearance process. For example, opening green channels for important civilian goods imports, providing clearance support for industries such as aviation, integrated circuits, and automobile manufacturing, ensuring key component imports/exports, and maintaining stable and smooth industrial and supply chains.

Q3
Q: What facilitation measures are there for the return and exchange management of cross-border e-commerce imports and exports?

A: Since 2020, multiple announcements have been issued to optimize the return process for cross-border e-commerce retail import and export goods. In September, 2021, the General Administration of Customs implemented the Announcement on Comprehensively Promoting the Cross-border E-commerce Retail Import Return Center Warehouse Model, further improving the efficiency of the entire return supervision process, solving the problem of difficult returns, reducing business operating costs and time costs, and promoting the healthy development of cross-border e-commerce import and export business.

The return center warehouse mentioned here refers to dedicated storage locations established by cross-border e-commerce enterprises domestic agents or entrusted warehouse operators within customs special supervision areas, where return goods reception and sorting processes can be conducted within these areas, providing convenient clearance services for cross-border e-commerce retail import returns.

Q4
Q: How to improve the convenience of export tax refund processing?

A: This year, new measures of Three Reductions, Three Additions, and Three Accelerations have been introduced to further enhance the convenience of export tax rebate processing.

The so-called Three Reductions refer to reducing documentation, reducing procedures, and reducing paper certificates.

· Reducing documents means relying on tax big data to eliminate or adjust multiple paper-based documents required for export tax refund declarations and proof issuance.

· Reducing procedures means no longer requiring prior declaration for export goods that cannot be collected, instead allowing enterprises to retain relevant documents for future verification.

· Reducing paper-based proofs means changing the issuance method of six types of export tax refund proofs, such as the Agent Export Goods Certificate, from paper-based to electronic. Enterprises no longer need to submit paper proofs for subsequent tax-related matters, as tax authorities will verify electronic proof information.

The so-called Three Additions refer to increasing efforts, expanding methods, and adding convenient services.

· Increasing efforts means strengthening the implementation of contactless processing measures for export business, conducting the entire process of export tax rebate declaration, review, and feedback online.

· Adding methods means expanding the options for retaining export tax refund supporting documents, allowing enterprises to flexibly choose paper-based, image-based, or digital methods based on their needs.

· Adding convenient services means increasing no-fill items for export tax rebate declarations and adding reminder services for export tax rebate processing progress.

The so-called Three Accelerations refer to accelerating tax rebate processing, accelerating return customs clearance, and accelerating on-site verification.

· Accelerating tax refund processing means continuously speeding up export tax refund progress by implementing detailed support measures.

· Accelerating return clearance means actively promoting information sharing for the Proof of Tax Paid/Not Refunded for Export Goods, eliminating the need for paper proofs when processing export goods return clearance if information can be verified, thus speeding up return clearance.

· Accelerating on-site verification means actively implementing tolerance processing for on-site verification and improving the efficiency of centralized tax rebate agency on-site verification.

Q5
Q: What measures are there this year to help small and medium-sized foreign trade enterprises overcome difficulties?

A: · Increase credit insurance support to ensure enterprises collection security. In February this year, the Ministry of Commerce and China Export & Credit Insurance Corporation jointly issued a notice on increasing export credit insurance support to further stabilize foreign trade. This will encourage export credit insurance institutions to further optimize underwriting and claims conditions, expanding coverage for foreign trade enterprises, especially small and medium-sized ones.

· Utilize special funds to help enterprises expand markets. Local governments will be guided to continue leveraging the role of foreign trade and economic development special funds, improving public service systems by supporting small and medium-sized enterprises in participating in online and offline exhibitions, accelerating trade digitalization, and connecting domestic and international supply and sales channels.

· Pool financial resources to broaden enterprise financing channels. Local commerce systems will be guided to strengthen cooperation with financial institutions through platforms, data credit support, and green channels, encouraging financial institutions to increase foreign trade credit supply based on market principles and promoting collaboration between banks and export credit insurance institutions to expand policy financing scale.

· Optimize foreign exchange services to enhance enterprises risk avoidance capabilities. Since last year, the Ministry of Commerce, together with relevant departments, has organized online training and compiled exchange rate risk avoidance manuals, helping enterprises improve exchange rate risk management capabilities with multiple measures. Next steps will include promoting improved risk avoidance products and services, facilitating bank-enterprise對(duì)接 (對(duì)接:對(duì)接), and enhancing the convenience of cross-border RMB settlement.