Xinhuanet Beijing, August 24th (Reporter Jiang Rui, Wang Yu) According to the relevant provisions of the Measures for the Administration of RMB Settlement of Cross-border Trade, the export tax refund (exemption) policy is also enjoyed when the export is settled in RMB.
On the 24th, the relevant responsible persons of six departments, including the People's Bank of China and the Ministry of Finance, made the above statement when they were interviewed by the Chinese government website on issues related to "steadily promoting the pilot RMB settlement of cross-border trade".
Li Bo, director of the Department of Law and Law of the People's Bank of China, said that the Measures involved export tax rebates, and it was made clear that exports were settled in RMB, and they also enjoyed the relevant export tax rebate (exemption) policy.
Zheng Jianxin, deputy director of the Department of Taxation and Administration of the Ministry of Finance, said that unlike the management of export tax rebate, the pilot enterprises do not need to provide a verification form of export proceeds when handling export tax rebates, and enjoy the tax refund (exemption) policy for export goods in accordance with relevant regulations. In addition, the payment is not required to be remitted to China. The pilot enterprises can deposit the RMB export income abroad according to the actual business needs.
Wang Zhenhua, deputy director of the Goods and Services Tax Department of State Taxation Administration of The People's Republic of China, said that the pilot enterprises for RMB settlement of cross-border trade do not need to write off foreign exchange, nor do they need to provide foreign exchange write-off forms when applying for tax refund. Relevant enterprises can apply for tax refund to the tax authorities alone, or declare it together with other foreign exchange settlement businesses. If you declare together, you need to indicate in the application form that it is settled in RMB, so that the tax authorities can review it in time and apply for tax refund.
Zheng Jianxin said that the Ministry of Finance, State Taxation Administration of The People's Republic of China and other relevant departments will pay close attention to the operation of the pilot RMB settlement of cross-border trade, and constantly improve the export tax rebate policy and management measures according to the feedback.