The Guangdong-Macao In-Depth Cooperation Zone in Hengqin will be closed and operated on 1 March 2024, and the Notice on Adjusting the Scope of Goods Refunded by VAT and Consumption Tax in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin (Cai Shui 2024 No. 1) will be implemented from the date of acceptance and formal closure of the relevant regulatory facilities in the Co-operation Zone. Starting from 1 March, the relevant goods that meet the requirements of the Mainland's entry into the Co-operation Zone through the "second tier" will be regarded as exports, and the VAT and consumption tax refund policies will be implemented.
Recently, the Hengqin tax department has held two seminars on tax-related matters related to "branch management" in combination with the hot issues that enterprises are concerned about, and has carried out accurate policy guidance and rapid response to enterprise demands for more than 30 enterprises in the cooperation zone.
Do goods from the Mainland entering the Co-operation Zone through the 'second tier' need to be declared for customs? "Will the export tax rebate be refunded by enterprises in the zone or outside the zone?" "Do enterprises in the zone need to file for export tax refund (exemption)?" ”…In response to the concerns of these enterprises, the tax department responded one by one that the export tax rebate of goods entering the cooperation zone from the mainland through the "second line" can go through customs procedures such as export declaration as needed, and the purchase enterprises in the cooperation zone can apply for export tax refund (exemption) filing through the Guangdong Provincial Electronic Tax Bureau.
The relevant person in charge of the Taxation Bureau of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin said that Cai Shui 2024 No. 1 has expanded the scope of goods in the "second-tier" deemed export tax rebate policy, and compared with the previous policy, it is no longer limited to "production-related goods", and the list of goods that are not subject to tax refund has also been deleted, which has a positive role in promoting the development of enterprises in the four major industries in the cooperation zone, such as scientific and technological research and development, high-end manufacturing, traditional Chinese medicine and other Macao brand industries. Enterprises can comprehensively apply the "second-line" export tax rebate policy and the "first-line" tax-free (bonded) policy in combination with their own business conditions, so as to maximize the release of policy dividends.
If we purchase raw materials from the 'second line', we can enjoy the export tax rebate policy when we enter the zone, and we can realize the return of funds earlier, which is a great benefit to us. Ding Haiqin, financial director of Zhuhai Mingxiang Technology, said, "If we import equipment from the 'first line', we can change the previous mode of purchasing equipment from foreign trade companies and import equipment directly from abroad, which will save a tariff for enterprises." ”
The face-to-face communication between tax enterprises is smoother and more efficient, which helps our technology-based enterprises to make full use of and use good lines to manage tax policies, reduce R&D costs, and enjoy real policy dividends. Zhuhai Yuxin Yicheng Technology *** financial manager Tang Dongmei said.
It is understood that these two tax and enterprise symposiums are one of the series of publicity activities held by the Hengqin tax department for the cooperation zone's "branch management" tax-related policies, in addition, the Hengqin tax department also produced **interpretation, short ** and other new works, the policy into production, life scene, hand in hand to teach taxpayers to understand the policy, enjoy preferential treatment.
The relevant person in charge of the Taxation Bureau of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin said that the operation of the Hengqin customs closure is imminent, and the tax department has made solid preparations in accordance with the overall deployment of the customs closure operation. Effectively create a favorable tax and business environment for the diversified development of Macao's industries.
Text |Reporter Zheng Da Correspondent Qin Ruixuan.