The tax rebates service has helped to boost the imports and exports of Jiangsu’s foreign trade in recent years.
A feather product company in Pukou district of Nanjing is gearing up for the production of the end products for exportation. With 95% of the products exported, the company needs to file declaration for more than 1.5 million yuan of tax rebates, which used to be troublesome in the past.
The formalities for tax rebates in Jiangsu are now streamlined with the exporters sitting at home and clicking the mouse to wait for the transfer of the money to their accounts.
Jiangsu has taken the lead in the country implementation of the paperless management on the province-wide export tax rebate with green channels set up for enterprises with good credits.
Jiangsu has also developed a number of foreign trade integrated service platforms and enterprises to help more small and medium-sized enterprises to deal with all aspects of problems and speed up the process of tax rebates.
From January through July, the province's state tax system dealt with 127.673 billion yuan of cumulative export tax refund and exemption, up 25.19%year on year and ranking third in the country.
