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Beibu Gulf implements pilot tax rebate policy

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(chinadaily.com.cn)

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Updated: 2022-03-15

The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration issued documents agreeing to use Beibu Gulf Port as the departure port to implement the pilot tax refund policy for land departure ports, which is the first land departure port tax refund policy implemented by the country.

The Beihai Port area, Qinzhou Port area, and Fangcheng Port area in the Beibu Gulf are all included in the departure port that is participating in the pilot program. Compared with the original waterway departure port's tax rebate policy, the port of departure port in the new policy is a railway station instead of an inland port, while the mode of transportation is railway rather than waterway.

After the implementation of the new policy, enterprises exporting container goods from Xi'an International Port area can apply for tax rebates after customs declaration and export.

This policy is expected to attract export enterprises in Shaanxi province, as well as its surrounding provinces and regions with its favorable early tax rebate policy, thereby promoting the aggregation of export goods to Beibu Gulf Port, increasing the container cargo throughput of Beibu Gulf Port, and helping promote the improvement of the New International Land-Sea Trade Corridor in west China.

In recent years, with the increase of China-ASEAN economic and trade exchanges, the overseas business of Beibu Gulf Port has continued to expand. In 2021, a 300,000-metric-ton giant ship departed from Beibu Gulf Port for the first time in its history. In addition, its container throughput exceeded 6 million twenty-foot equivalent units (TEU), while the number of sea-rail intermodal trains exceeded 6,000 last year.

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Beibu Gulf. [Photo/WeChat account: gxzxpd]