China Export Tax Refund Policy
China’s State Taxation Administration has released Announcement No. 9 on Relevant Matters concerning “Further Facilitating Export Tax Rebate Process and Promoting the Stable Development of Foreign Trade”.
The announcement deals with the following:
– simplifying the handling procedures for export tax refund/exemption;
– improving the classified administration of enterprises eligible for export tax refund/exemption;
– optimizing the administration of export tax refund/exemption filing documents;
– improving the export tax refund policies for the processing trade;
– streamlining the materials required to be submitted for export tax refund/exemption and improving the foreign exchange receipt for export tax refund/exemption.
According to the announcement the processing time for export refund will be shortened from seven working days in 2021 to within six working days in 2022.