Source: China Trade News
Since the beginning of this year, although my country's foreign trade has shown a stable start from the statistics, it is now more and more affected by multiple internal and external factors, and the pressure to stabilize foreign trade has increased unprecedentedly. In this regard, the national video and telephone conference on promoting the stable development of foreign trade and foreign investment specifically pointed out that it is necessary to efficiently coordinate epidemic prevention and control and economic and social development, do a solid job in stabilizing foreign trade and foreign investment, actively strive to stabilize the fundamentals of foreign trade and foreign investment, and find ways to stabilize the production of foreign trade enterprises. Management, focus on helping enterprises to maintain orders and maintain the market, ensure the smooth flow of foreign trade logistics, make every effort to ensure the integrity and stability of the industrial chain and supply chain, and better play the positive role of open platforms in stabilizing foreign trade.
Foreign trade is an important force driving economic growth. To stabilize and improve the quality of foreign trade, it also requires coordination and active actions from multiple parties, constantly improving the foreign trade service guarantee mechanism, opening up "blocking points", and helping foreign trade enterprises solve practical difficulties.
Speed up export "tax rebate"
The executive meeting of the State Council has repeatedly proposed this year to further increase policy support such as export tax rebates and speed up tax rebates. The State Administration of Taxation issued a notice a few days ago, clarifying the work related to accelerating the progress of export tax rebate processing in stages, and proposed that from June 20, 2022 to June 30, 2023, the taxation department will handle the normal export refund for Class I and Class II export enterprises ( The average time for tax exemption), compressed within 3 working days. Expiration will be based on foreign trade development and actual implementation, and further clarify the processing time requirements. The State Administration of Taxation requires that the local tax authorities should, in accordance with the precise push mechanism of preferential tax and fee policies, carry out precise policy pushes for applicable subjects such as first-class and second-class export enterprises through the electronic tax bureau of the province, and take the initiative Through various channels such as the local collection communication platform, more accurate information pushes are carried out to different types of personnel of the enterprise; the grid service responsibility of the competent tax authority shall be further consolidated, and policy interpretation and special guidance shall be carried out for the classification of applicable subjects.
The acceleration of this "speed" is undoubtedly a good thing for foreign trade enterprises. During the interview, a reporter from China Trade News found that, affected by the ups and downs of the epidemic, some companies faced the problems of rising raw material prices and supply constraints, difficulties in daily operations, and the pressure on capital turnover increased sharply. In this regard, many local taxation departments have actively implemented various policies to facilitate the processing of export tax rebates, increased policy publicity and interpretation and tax rebate operation guidance through online meetings, door-to-door visits, etc., simplified declaration procedures, reduced the time limit for settlement, and helped enterprises alleviate financial pressure.
"I really thank the comrades of the tax bureau for taking the initiative to deliver the country's good policies to the door, thinking about everything for our company, simplifying the filling process, shortening the processing time, and the tax refund funds arriving in seconds. I give you a thumbs up for your high-quality service." Hebei Dazheng Foods The chief financial officer of the limited company sighed sincerely after listening to the explanation of the local tax officer.
The reporter noticed that not long ago, the State Administration of Taxation, the Ministry of Finance, the Ministry of Commerce and other 10 departments jointly issued the "Notice on Further Strengthening the Support for Export Tax Rebates to Promote the Stable Development of Foreign Trade", which mentioned that it is necessary to help enterprises bail out and optimize business operations. It plays an active role in improving the business environment and promoting the stable development of foreign trade. In particular, in terms of reducing the burden on export enterprises, three supporting policies have been clarified: first, strengthen the connection between export credit insurance and export tax rebate policies, and treat insurance indemnities as foreign exchange receipts for tax rebates; The input tax that trading enterprises could not deduct due to inconsistent tax rebate rates for export products in the past is allowed to transfer the input tax to deduct the value-added tax. Implement facilitation measures.
strengthen financial support
Foreign trade is an important part of the real economy, and finance must naturally support the real economy. Under the complex and severe economic situation at home and abroad, financial policy is an important starting point for stabilizing foreign trade. This includes guiding the financing cost of the real economy to further decline, helping enterprises to prevent exchange rate risks, and supporting foreign trade enterprises to make good use of export credit insurance and other important links.
In order to meet the actual financial needs of foreign trade enterprises, the People's Bank of China and the State Administration of Foreign Exchange recently issued the "Notice on Effective Financial Services for Epidemic Prevention and Control and Economic and Social Development". The reporter was informed that the People's Bank of China is currently guiding its subordinate branches and financial institutions to issue specific implementation plans, so that these policies can truly benefit foreign trade enterprises. In addition, the People's Bank of China has also launched two direct monetary policy tools, the Inclusive Small and Micro Enterprise Loan Extension Support Tool and the Credit Loan Support Plan, to meet the financing needs of small and micro enterprises including foreign trade enterprises. After the expiration of the direct tool, the People's Bank of China has also carried out successive conversions in a market-oriented way this year.
According to Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, in order to help foreign trade enterprises improve their exchange rate hedging capabilities, the State Administration of Foreign Exchange supports China Foreign Exchange Trade Center to improve the foreign exchange transaction service platform for banks and enterprises. At present, 82 banks have settled in, which is convenient for enterprises to obtain Optimal transaction price; further reduce the cost of foreign exchange hedging for enterprises. This year, the China Foreign Exchange Trading Center expects to exempt more than 11 million yuan in foreign exchange hedging-related transactions for small and medium-sized enterprises of about 2.3 trillion yuan; cooperate with relevant departments and financial institutions to reduce As of the end of April, the amount of foreign exchange hedging margin has been reduced by about 100 million yuan.
Affected by the domestic epidemic in the recent period, some foreign trade enterprises are facing many problems such as payment collection, logistics and transportation. Li Xingqian, director of the Department of Foreign Trade of the Ministry of Commerce, said that since the beginning of this year, Chinese foreign trade enterprises have faced more and more risks and challenges, and their demands to prevent and defuse risks are also increasing, and the demand for export credit insurance is increasing. At present, my country is actively promoting China Export & Credit Insurance Corporation to better perform policy functions and provide more risk protection.
According to data released by the Ministry of Commerce, as of the end of May, the underwriting scale of China Export & Credit Insurance Corporation has exceeded 350 billion US dollars, a year-on-year increase of 12.7%, providing insurance services for 149,000 foreign trade enterprises.
All parties make concerted efforts to improve the foreign trade service guarantee mechanism
Date:2022-06-21 Hits:79
