Guangzhou Municipal Office of SAT recently said that, following that the Measures of the State Administration of Taxation (SAT) for the Classified Management of Enterprises Eligible for Export Tax Refund (Exemption) was put into full implementation on April 1, the green channel for export tax refund has been established to enable Class I export enterprises to get tax refund within two days after submitting an Application for Export Tax Refund, while it used to take about 10 days to go through related procedures.

 

The director of the office said that the SAT divides export enterprises into four classes for a better management. The Class I export enterprises may formally apply for export tax refund (exemption) after passing the preliminary review of all related electronic information, without providing the original documents, which shall be reserved by the enterprises for any check in the future. The Class II and Class III export enterprises shall apply for export tax refund (exemption) with the original documents and materials mentioned above as well as related electronic information for formal application. In addition to the original documents and materials mentioned above as well as related electronic information for formal application, the Class IV export enterprises shall also provide foreign exchange receipt vouchers as required.

 

According to the director, the classified management of export tax refund (exemption) will promote a faster tax refund, further optimize resource allocation of enterprises and accelerate capital turnover. On the other hand, it will propel the optimization of export tax refund services. The differentiated management of export enterprises following the principle of “convenience and preference for high-integrity enterprises and strict management and control of dishonesty of enterprises” will be an effective way for fighting against illegal activities such as cheat for tax refund. The process for Class I export enterprises to get tax refund has been greatly simplified. At the same time, a key liaison system and a green channel have been established for these enterprises to get tax refund. The measures of time-limited service and recheck after tax refund will greatly improve the efficiency of tax refund and promote the development of enterprises.

 

So far, Guangzhou Municipal Office of SAT has finished the assessment and classification of all export enterprises. There are 22 Class I export enterprises and 5,428 Class II enterprises, with total amount of tax refund accounting for 90% of the total of Guangzhou.

 

Source: Nanfang Daily, April 15, 2015