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重磅！国常会最新定调，外贸跨周期调节措施确定！压缩退税平均时间，抓住RECP实施契机… Blockbuster! Regular session of the latest set, foreign trade cross - cycle adjustment measures to determine! Compress the average time of tax refund, seize the opportunity of RECP implementation...
We will further shorten the average time for tax rebates, and temporarily exempt processing trade enterprises from tax interest for domestic sales in 2022... The executive meeting of The State Council recently identified five measures for cross-cycle adjustment to promote the steady development of foreign trade.
The rapid growth of China's imports and exports this year has made an important contribution to stabilizing economic growth, the meeting said. However, uncertainties, instability and imbalance in foreign trade are on the rise. We will implement the arrangements of the CPC Central Committee and The State Council, follow the requirements of the Central Economic Work Conference, further open up, introduce measures to address difficulties and challenges, make cross-cycle adjustments, provide assistance to enterprises, especially micro, small and medium-sized enterprises, ensure orders, stabilize expectations, and promote steady growth of foreign trade.
The meeting also made arrangements for the implementation of the Regional Comprehensive Economic Partnership Agreement after its entry into force.
The average time for tax refund was further reduced to less than 6 working days
The meeting made it clear to strengthen policy support for imports and exports. Among them, it is proposed to speed up the progress of export tax refund and reduce the average time of tax refund to less than six working days.
In fact, in recent years, the national average time for export tax refund has been shortened, with the average processing time for export tax refund reduced from 13 working days in 2018 to 7 working days at present. The direct effect of shortening the average time of export tax refund is to relieve the pressure of capital occupation of enterprises.
In the first year of the 14th Five-year Plan period, China's import and export volume registered positive growth for 14 consecutive months and hit a new high despite the complex situation at home and abroad and the impact of COVID-19. The State Administration of Taxation has said that the constantly optimized export tax rebate policy is an important force to boost exports.
Li Xuhong, director of the Institute of Fiscal and Tax Policy and Application at the National Accounting Institute in Beijing, pointed out that the optimized export tax rebate policy and the speed of export tax rebate are the components of China's high-level opening up.
We will encourage banks to carry out targeted forward foreign exchange settlement and sales
According to the requirements of the meeting, we will strengthen policy support for import and export, and guide banks to innovate insurance policy financing and other products according to the needs of foreign trade enterprises. We will keep the RMB exchange rate basically stable, encourage banks to carry out targeted long-term foreign exchange settlement and sales, and improve the ability of foreign trade enterprises to cope with exchange rate risks. Optimize export credit insurance underwriting and claim settlement conditions, strengthen the protection of small, medium and micro foreign trade enterprises and the risk of order cancellation before shipment; We will deepen cooperation and joint development between the eastern region and the central, western and northeastern regions, and support the relocation and undertaking of processing trade on a tiered basis. Do a good job in the import of bulk commodities.
Forward settlement and sale of foreign exchange is a foreign exchange hedging financial product approved by the People's Bank of China. Its main function is to enable enterprises to lock the exchange rate of future settlement or sale of foreign exchange in advance, so as to effectively avoid the risk of RMB exchange rate fluctuations.
Reporters in the huge tide information network search listed company announcements found that since this year, the development of forward exchange settlement business listed companies increased significantly. According to the content of the announcement, the main purpose of the listed companies to carry out this business is to lock in project profits and prevent the risk of exchange rate fluctuations.
Analysis believes that the expansion of the scale of long-term foreign exchange settlement and sale reflects the increasing awareness of risk control of enterprises, which is mainly affected by the global trade situation, RMB exchange rate and the recovery of the global COVID-19 epidemic.
In terms of commodity imports, the report by China Chengxin International Research Institute pointed out that domestic demand for some commodities remained at a high level in November due to concerns about maintaining supply chain stability and cost dilution in the context of falling commodity prices. In the future, with the easing of supply chain tension and the decline of commodity prices, the domestic inventory of related products may increase, so the import may maintain a high growth trend in the short term.
We will further encourage the development of cross-border e-commerce and other new forms of foreign trade
The meeting proposed to increase cross-border e-commerce comprehensive pilot zone. Cultivate a batch of offshore trade center cities (regions). Increase support for the construction and use of overseas warehouses in a market-oriented manner. We will optimize the list of retail goods imported from cross-border e-commerce and expand the categories of goods imported.
The addition of cross-border e-commerce comprehensive pilot zone had been expected by the market. On October 14, Premier Li Keqiang proposed at the 130th China Import and Export Fair that a number of comprehensive pilot zones for cross-border e-commerce should be established by the end of this year, covering Guangdong and other places.
During the 13th Five-Year Plan period, the number of comprehensive pilot zones for cross-border e-commerce in China has been increasing, reaching 105, and the number of overseas warehouses built by enterprises in the comprehensive pilot zones has reached 1,800. According to the analysis, the advantages of the comprehensive pilot zone for cross-border e-commerce enterprises lies in greater policy support, and it is also expected to have the opportunity to take the lead in such aspects as transaction, payment, logistics, customs clearance, tax refund and foreign exchange settlement.
Recently, Lingang New Zone of Shanghai Free Trade Zone issued 24 policies to support offshore trade, giving a series of preferential policies in special rewards, tax incentives, shortening the period of residence transfer and other aspects, to strengthen the cultivation of offshore trade enterprises. According to the information from the national regular meeting, more new offshore trade center cities (regions) are expected to be set up next year.
In 2022, processing trade enterprises will be temporarily exempted from tax interest for domestic sales
The meeting made it clear that processing trade enterprises will be temporarily exempted from tax interest for domestic sales in 2022. This is presented as an effort to strengthen supporting services to enterprises. This is the first clear policy on tax and fee cuts since the Central Economic Work Conference made it clear that new tax and fee cuts will be implemented in 2022.
The purpose of "temporarily exempting processing trade enterprises from tax deferred interest for domestic sales" is to stabilize the development of processing trade and reduce the burden on enterprises. The Ministry of Finance announced in A notice in April 2020 that from April 15, 2020 to December 31, 2020, processing trade enterprises will be temporarily exempted from tax deferred interest on domestic sales tax.
According to the data released by the General Administration of Customs, the implementation of the policy of temporarily exempting tax interest for domestic sales within this year will reduce tax interest for 18,000 domestic sales enterprises by 63.87 million yuan in 2020.
We will crack down on illegal charges and price-gouging in accordance with laws and regulations
Since the beginning of this year, shipping congestion and lack of container problems continue to disrupt international trade, container freight prices rose.
The meeting proposed to ease the pressure on international logistics. Encourage foreign trade enterprises to sign long-term agreements with shipping enterprises. We will crack down on illegal charges and price-gouging in accordance with laws and regulations. Support financial institutions to provide inclusive financial support for logistics to eligible small and micro foreign trade enterprises.
Since December, ningbo Port, Shanghai Port Group, Guangzhou Port and other port enterprises have issued announcements to announce price increases. The main reasons for port enterprises to adjust the handling fees are the rising costs of terminal production, expansion, raw material prices and epidemic prevention, as well as the current crisis of maritime supply chain and congestion at major ports.
Data show that the charges of container ports include three types of fees: government fixed price, government guided price and market adjusted price, while the market adjusted price applies to port operation fee, storage fee, storage fee and water supply (material) service fee for ship services. This round of port enterprises up the handling charges are market adjusted prices.
Prison, on the other hand, market supervision administration of price competition bureau deputy director zheng-ming zhang said recently that the next step, the market supervision administration will continue to improve the transportation price supervision mechanism, strengthen the airport, railway, port price regulation, the entity enterprise transportation logistics burden, promote the enterprises implement preferential JiangFei policy, security market main body traveling light.
The regular session also pledged to support local governments in establishing sound institutions and actively carrying out trade adjustment assistance in light of actual conditions to help stabilize industrial and supply chains.
Seize the RECP agreement implementation opportunity, force domestic industry upgrade
The meeting noted that the Regional Comprehensive Economic Partnership agreement (RCEP) will enter into force on January 1 next year.
We need to support enterprises in seizing the opportunity provided by the implementation of the AGREEMENT to become more competitive in the international market, further enhance trade and investment, and force domestic industries to upgrade.
First, we will encourage enterprises to make good use of tax reduction and regional origin accumulation rules of MEMBER states to export more competitive products and import more competitive ones. We will make good use of our commitments and rules for opening-up, strengthen cooperation on high-end and green industrial chains and manufacturing projects, and open the service sector and investment to a higher level.
Second, we will improve the business environment in line with advanced international rules, actively introduce capital and talent from the region, and step up our participation in the formulation and coordination of international standards.
Third, establish a public service platform and a team of experts for the implementation of the FTA, and further strengthen the training of micro, small and medium-sized enterprises through government purchase of services, so as to enhance their ability to understand and apply the RULES of the FTA. We will develop specialized services such as customs clearance and documentation to provide convenience for micro, small and medium-sized enterprises.
Fourth, continue to push for the entry into force of more members of the AGREEMENT and the institutionalization of the AGREEMENT so as to jointly build a main platform for regional economic and trade cooperation. We will help leverage the role of the WTO and uphold free trade. We will press ahead with negotiations on other multilateral and bilateral free trade agreements and promote opening-up at a high level.
Gao Feng, spokesperson of the Ministry of Commerce, said at a regular press conference on December 23 that domestic preparations have been made.
Gao Said the life of the agreement lies in its implementation. Mofcom will work with relevant departments concerned to issue the Guidelines on High-quality RCEP Implementation in a timely manner to help local governments and enterprises make better and more full use of RCEP rules, seize the opportunities of market opening, boost steady growth of intra-regional trade and investment, and promote deeper integration of industrial chains and supply chains among members. We will work for higher-quality and deeper regional economic integration in East Asia.
The expand opening to the high level and boom, said the Ministry of Commerce will jointly with relevant departments, earnestly implement the central economic work conference, deployment, to further promote the free trade area, hainan free trade port, state-level development zone, such as open platform function, actively promote open type system, focus on building market, under the rule of law, international business environment, We will allow foreign investors to share in China's market opportunities and development dividends. At the same time, we will further promote the balance and coordination of opening up and development, revise and expand the Catalogue of Industries to Encourage Foreign Investment, and promote the coordinated development of the eastern, central, western and northeastern regions.