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China : Another pilot policy to help enterprises improve product competitiveness, Ningbo Export Processing Zone

Publish Date : 30-Jul-2018

Recently, Ningbo Haibo Business Machine Co., Ltd. received the first VAT special invoice issued by domestic customers, marking the official implementation of the pilot policy for granting general taxpayer qualifications for enterprises in the special supervision area (hereinafter referred to as the general taxpayer qualification pilot). Ningbo Export Processing Zone. This is another reform initiative launched by Ningbo Customs.

As the first batch of enterprises applying for and obtaining the qualifications for the pilot, He Xuefen, the head of the customs of Ningbo Haibo Business Machine Co., Ltd. said: In the past, the enterprises in the zone did not have the qualification of general taxpayer qualification, and the value-added tax paid by enterprises for domestic procurement of equipment and raw materials. It is impossible to deduct the input deduction, and the domestic sales products can not issue VAT invoices, which is not conducive to the expansion of the domestic market. After the pilot qualification, we can effectively use this policy to reduce the tax cost, enhance the competitiveness of the products, and increase the development of the enterprise. New kinetic energy, creating new advantages.

It is reported that on January 12 this year, the State Administration of Taxation, the Ministry of Finance, and the General Administration of Customs jointly issued the Announcement on Expanding the Pilot Program for the General Taxpayer Qualification of Enterprises Approving Customs in Special Customs Areas. The Ningbo Export Processing Zone has become one of the 17 special customs supervision areas that have approved the expansion of the general taxpayer qualifications in the country. It is also the first pilot area in Zhejiang Province.

Ningbo Export Processing Zone has been approved as a general taxpayer qualification pilot, which is conducive to some enterprises in the region to explore the domestic market, give play to the advantages of production capacity, enhance the ability to co-ordinate both resources in the international and domestic markets, and improve the quality and efficiency of regional development. Ningbo Customs The relevant person in charge said.

In order to enable enterprises to enjoy the policy dividend as soon as possible, on the one hand, Ningbo Customs and the Ningbo Free Trade Zone Management Committee held a policy presentation to focus on the background of the policy, policy advantages and customs supervision regulations; on the other hand, select the business backbone to focus on the intention Enterprises, take the initiative to provide policy explanations and business guidance, encourage enterprises to effectively use policies, reduce the tax cost of domestic procurement, and further enhance product competitiveness.

The Ningbo Export Processing Zone was established in June 2002 with the approval of the State Council. It was officially closed on March 12, 2004. The planned area of the district is 3 square kilometers. The regional functions are mainly processed and manufactured, supplemented by bonded logistics. There are 53 registered enterprises in the zone, including 28 processing enterprises, 19 logistics enterprises and 6 other enterprises. In the first half of this year, Ningbo's export processing zones imported and exported (regional) cargo volume of 302,000 tons, with a value of 3.18 billion US dollars, up 22.1% and 5.6% respectively.

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