Provincial-Level Pilot Reform Project of International
Trade in Linyi
During the 139th executive meeting of Shandong
Provincial People’s government, The Overall Plan for Pilot Reform Project of
International Trade in Linyi Trading Complex is approved to actively carry out
pilot reform of international trade in Linyi Trading Complex, set up provincial
policy support system and support the development of international trade in
Linyi Trading Complex.
Business attraction has been the lifeblood of the city
government who take great pains to facilitate. Through further optimizing the
investment environment, perfecting the incentive policies, the local government
strives to expand the channels of investment attraction, such as raising
business through business, authorized investment, intermediary investment etc.
To promote investment, Linyi is making great efforts to develop itself into a
promising land for businessmen to invest by creating a favorable environment of
friendliness and security and enriching the business people. Favorable
environment in Linyi has been the strongest soft power and the most glorious
city card.
Convenient Customs Clearance Policy of Linyi Trading
Complex
The Reply of the
General Administration of Customs on Customs Clearance Method of Export
Products from Linyi Trading Complex (Shu Jian Han [2012] No.503) clearly
indicates that before the “market purchasing” mode of trade is formally
confirmed, customs declaration in Linyi Trading Complex is allowed to be done
in way of “tourism purchasing products (0319)” according to the Operation
Supervision of Import and Export in Yiwu Small Commodities City (Trial) (Shu
Jian Fa [2007] No.279). The policies of tax refund and foreign exchange
settlement are not adopt to those small batch orders or tourism goods worth
less than 50000 US dollars which are purchased by foreign buyers with carry-on
foreign exchanges or consigned outside China by entrusted domestic enterprises.
Catalogue simplification applies to purchases with more than 10 kinds of goods
in one shipment.
Convenient
Inspection and Quarantine Policy of Linyi Trading Complex
The document of
General Administration of Quality Supervision, Inspection and Quarantine of
People’s Republic of China (AQSIQ) on supporting the development of
international trade in Linyi ( Guo Zhi Jian Tong [2012] No.824) provides 21
supportive policies in 7 aspects, such as supporting Linyi Trading Complex to
try out inspection and supervision system for export products from the market,
establishing inspection and supervision responsibility system, setting up
quality & safety traceability system, improving the supervision of business
entities of export products, exploring the establishment of fast-track customs
clearance mechanism, promoting the establishment and improvement of inspecting
and technical service system and providing help for local government to
establish and improve the quality and safety responsibility system.
International Trade Service Policies of Linyi Trading Complex
According to the government
files on improving the service system of Linyi Trading Complex for international
trade, we will adopt the following policies:
1. Strengthen
fiscal support. A special fund of 10 million yuan will be allocated to support
the markets, business dealers and foreign trade enterprises to do international
trade; Goods cleared from Linyi Customs in the model of “tourism goods” will be
subsidized 500 yuan/TEU; Expenses to explore the international market such as
international exhibition booth fee, exported goods certificate, overseas
trademark registration, and advertisement in foreign media will be given full
subsidy; 50% subsidy will be given for Export Credit Insurance.
2. Strengthen
tax support. Value-added tax, urban construction tax, and education surcharges
will be exempted for the goods cleared and exported in the model of “tourism
goods”. For small enterprises with a taxable income of less than 60,000
(including 60,000), 50% of the income is considered taxable, and they will
enjoy a corporate income tax rate of 20% till the end of 2015. The taxation
bureau will collect tax for foreign trade enterprises according to the accout
book.
3.Set up trust account for export tax refund. The city
finance will arrange 200 million yuan as special guarantee fund for export tax
refund and deposit to Commercial Bank, which will provide special tax refund
loans with lower-than-benchmark lending rate to enterprises. The enterprise
opens a trust account for export tax refund in designed bank, and applies for
special export tax refund loans with all the necessary papers after customs
clearance. The export enterprise declares tax refund as usual and the state
taxation bureau will refund the export tax to its trust fund so that it can
repay the loans from the bank. This will be applied to all the foreign trades
enterprises in the city.
4. Better foreign-related
services. We will further improve our services in Linyi Port, and set up
international trade service center as well as purchaser service center and
build international trade service platform of Linyi Trade Complex. We will
construct container yard, and cooperate with export enterprises, ports and
shipping companies to increase the utilization rates of container truck. We
will also coordinate with port cities such as Qingdao and Rizhao to open green
channels for exported goods, lower the fees or trucks with import and exported
goods, and exempt container trucks with customs seals from inspection.