East China’s Jiangsu province has made unremitting efforts to help local enterprises tide over financial difficulties and ease the pressure caused by the impact of the covid-19 epidemic.
Nantong Yongjin Metal Technology Co., Ltd. has just delivered a batch of imported equipment to the workshop, thanks to the coordination of customs and import and export quarantine departments.
According to the latest fiscal and tax policies, this order enjoys more than 14 million yuan in import value-added tax rebates, and 10.3 million yuan in incremental tax rebates, which will increase the company's cash flow.
Faced with the current epidemic situation, financial institutions in Yancheng have opened up "green channels" for enterprises, planned contingency plans, provided on-site guidance and submitted relevant materials, and solved the immediate practical difficulties.Financial institutions in various regions have also stepped up efforts to provide inclusive financial services. Government departments have expanded the scope of rent reduction and exemption for state-owned houses, reduced or exempted some administrative fees, and increased subsidies for transportation, logistics, catering, retail, and cultural tourism that have been greatly affected by the epidemic to ensure the steady development of the economy.
