In the first five months of this year, over 600 billion yuan of export tax rebates and exemptions were granted to help foreign trade enterprises stabilize production and sales

Recently, due to the impact of the epidemic, international demand has shrunk. Many foreign trade enterprises in China are facing the dilemma of declining orders and increasing operating pressure. It is an important measure to improve the way of export tax rebate and speed up the progress of export tax rebate. According to the State Administration of Taxation, from January to May this year, a total of 632.4 billion yuan of tax rebates and exemptions were granted to foreign trade enterprises. Export tax rebates increased and increased efficiency, helping small and medium-sized foreign trade enterprises stabilize production and sales.

"This export tax rebate rate increase covers a number of products, galvanized low carbon steel wire, galvanized iron wire rebate rate increased to 13 percent." Yunnan Ruili Dongkun Trading Co., Ltd. is a foreign trade enterprise. Affected by the epidemic, the resumption of work and production has been delayed, and foreign orders have dropped significantly. The sales volume in February to May this year is only 68% of that in the same period last year. Xu Ruimin, chief financial officer of the company, said, "Since the tax rebate rate was raised, the company has received three tax rebates, totaling 2.55 million yuan, which greatly alleviates the financial pressure of this year's operation."

In March this year, the State Administration of Taxation and the Ministry of Finance jointly issued the Notice on raising export tax rebate rates of some products, raising the export tax rebate rates of 1,464 products. Among them, the export tax rebate rate for 1,084 products was raised to 13 percent. Local tax authorities compare the product list one by one, directional push, the first time to the New Deal "fresh water" to enterprises.

"The increase of export tax rebate rate is conducive to reducing the operating cost of enterprises and enhancing the international competitiveness of export products." Central University of Finance and Economics professor Fan Yong believes that the current foreign trade market downturn, this policy effectively boosted the confidence of foreign trade enterprises.

"In the first quarter of this year, we received 3.77 million yuan in export tax rebates." The company will use the money to increase production lines, expand production and embrace new development opportunities, said CAI Qingying, a finance officer at Amp.

The Beijing national accounting institute the fiscal and taxation policy and application research institute xu-hong li thinks, export-oriented economy occupies an important place in the national economy in our country, affected by the epidemic, foreign trade enterprises by the major impact, some of the original import and export orders cannot perform as scheduled, the new international demand and slow growth, it is necessary to timely publish relevant policy to support foreign trade enterprises. Recently, a series of tax policies in China have effectively alleviated the liquidity pressure of foreign trade enterprises, provided financial support for enterprises' export to domestic sales, and helped promote industrial upgrading and inject new vitality into economic development.

"I submitted my tax return in the morning and received my refund in the afternoon." The rapid and efficient processing speed surprised accountants at Hangzhou Qiandao Lake Peisheng Boat Co.

During the epidemic prevention and control period, Hangzhou Tax Bureau of Zhejiang Province implemented the time-list system for business processing, further reduced the processing time of paperless tax refund, and assigned persons examined and approved the tax refund data on the spot and the data on the declaration day. In the first half of this year, the city's export tax rebate (exemption) reached 13.129 billion yuan, reducing the average processing time to 1.53 days.

In order to speed up the rate of tax refund, tax authorities across the country have actively promoted paperless tax refund declaration, and increased the average processing time of export tax refund by another 20%. By the end of May, the number of enterprises that declare paperless tax rebates nationwide accounted for 93 percent of all enterprises that declare tax rebates and 96 percent of all tax rebates. Tax authorities also vigorously implemented the "contactless" processing of export tax rebates. Since the implementation on February 10, nearly 290,000 enterprises have applied for tax rebates through the "contactless" method of 432.4 billion yuan, effectively reducing tax processing costs.

Speeding up tax rebates and speeding up capital flow are quick and effective ways to rescue foreign trade enterprises. Export tax rebate for the "lack of processing" for enterprises to "rush the time" tax rebate added a force.

Shandong Yantai Fengtai Food Co., LTD. Is a small and medium-sized enterprise mainly engaged in the freezing, processing and export of aquatic products. After the resumption of production, 260 front-line production workers could not all come to work, and the original signed orders could not be delivered as planned. Meanwhile, the international letter of credit opened by the company for 3,000 tons of raw materials was also due in the first half of the year.

Side is ruined, customer claim for unknown risk, drives the delivery payment for goods is raw material suppliers, learned that enterprise situation, yantai tax authorities relying on open a green channel "capacity lack for" mechanism immediately, accepts the enterprise by means of electronic data online submission declaration for export tax refund (exemption), the original in batches to submit at any time, at any time to accept, review at any time, the enterprise that is more than 30000 yuan of tax refunds.

"The time required for tax refund is getting shorter and shorter, so enterprises can get tax refund more quickly, which helps relieve their capital pressure, reduce their capital cost, and indirectly improve their economic efficiency." Li xuhong said.

How can the order in the hand of small and medium-sized enterprises be steady, receive firmly?

Affected by the epidemic, transportation flights have been canceled, and orders of Chunan Qiandao Lake Sturgeon Import and Export Co., Ltd. have dropped sharply. Therefore, it is urgent to open up domestic sales routes and build online channels. Hangzhou tax authorities immediately sent domestic sales tax policies, matched domestic potential customers through big data, and connected e-commerce platforms. At present, the company's online franchise store successfully started operation, there are a number of domestic interested customers in the negotiation.

During the special period, tax authorities set up a new and reliable platform for supply and demand, which helps enterprises to explore the domestic market.

"The company's exports have fallen sharply in recent months and we are considering shifting our sales focus to China." "Said Tan Yu, finance director of Zhuhai Guoneng New Materials Co. LTD. Knowing the difficulties of enterprises, Zhuhai Tax Bureau assisted enterprises to find domestic demanders through the Guangdong tax industry chain Zhilian platform. "Less than one day after launching the product on the zhaopin platform, I received a demand from Beijing Letter Communications." At present, The company has reached a cooperation agreement with Jingxin Communication Technology (Guangzhou) Co., LTD., successfully selling nearly 2.5 million yuan of fiberglass radomes and antenna vibrators, Tan said.

Local tax authorities are working hard to improve quality and efficiency. The Ningbo Tax Bureau and the Ningbo Branch of China Export Credit Insurance Company have carried out the special service activity of "tax insurance co-activity" for export enterprises on a pilot basis in Cixi city, and launched cooperative service projects such as "sharing claim data" and "claim settlement as foreign exchange collection". The Tax Bureau of Danyan County, Sichuan Province has optimized the tax refund approval for enterprises from "one for one batch" to "one for one household". It provides guidance for enterprises to combine tax payment credit with financing credit to optimize the capital chain cycle of enterprises.

Li suggested that more guidance should be given to enterprises in difficulty. While extending the tax refund procedures, the government should strengthen the linkage with foreign exchange management policies, so as to ensure the linkage between tax refund and foreign exchange collection and put relevant support policies in place. In addition, the burden of other taxes and fees on small and medium-sized foreign trade enterprises should be further reduced.