News
China's Ministry of Finance (MOF), General Administration of Customs (GAC) and State Administration of Taxation (SAT) have jointly announced the expansion of the scope of tax refund policies at ports of departure, which should shorten the tax refund period for exporters.
The pilot program, which will take effect on September 1, 2014, will be put into force at eight ports in the cities including Nanjing, Suzhou, Lianyungang, Qingdao, Wuhu, Jiujiang, Wuhan and Yueyang.
The pilot allows qualified exporters to apply for tax refund at the ports of departure immediately after the goods leave these ports and are transported using a direct waterway with transhipment via Shanghai Yangshan Bonded Port.
