On the 24th, the relevant person in charge of the 6 departments of the People's Bank of China and the Ministry of Finance made the above statement when interviewed by the Chinese government network on issues related to the “steady advancement of the pilot program for RMB settlement of cross-border tradeâ€.
Li Bo, director of the Law and Man's Bank's Department of Law and Law, said that the "Measures" deal with the relevant content of export tax rebates. It has been clarified that exports are settled in RMB and the relevant export (exemption) tax policy is also enjoyed.
Zheng Jianxin, deputy director of the Department of Taxation and Administration of the Ministry of Finance, said that unlike the export tax rebate management of foreign exchange settlement, the export trade of RMB cross-border settlement is not required for the export tax rebate of the pilot enterprises. It is stipulated to enjoy the tax refund (exemption) policy for export goods. In addition, it is not required that the payment must be remitted into the country. According to the actual business requirements, the pilot enterprise can deposit the export RMB income overseas.
Wang Zhenhua, deputy director of the Department of Goods and Services Tax of the State Administration of Taxation, said that cross-border trade RMB settlement pilot enterprises do not need to apply for foreign exchange verification, and they do not need to provide foreign exchange verification forms when applying for tax refund. Relevant enterprises can apply for tax refunds from the tax authorities alone, or they can be reported together with other foreign exchange settlement services. If they are submitted together, they must be marked in the application form, and the mark is settled in RMB, so that the tax authorities can promptly review them. Apply for tax refund.
Zheng Jianxin said that the Ministry of Finance and the State Administration of Taxation and other relevant departments will pay close attention to the operation of the pilot program for RMB settlement of cross-border trade, and continuously improve the export tax rebate policy and management measures based on feedback.
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