TEDA Improves Services, Simplifies Procedures in Export Drawback

A report from www.cnr.cn on September 29, 2020:

Since the outbreak of the COVID-19 epidemic, the taxation department of TEDA has paid close attention to the resumption of work and production of foreign trade enterprises in the area, and has continuously publicized the preferential tax policies to stabilize foreign trade and foreign investment through many online and offline channels. It simplifies the tax drawback procedures, quickens the drawback process, improves taxation services, and makes good use of the export drawback policies to help the foreign trade enterprises secure the market and orders and promote growth and development.

Improving services: “point-to-point” precision guidance

Tianjin Zhonghuan Xinyu Technology Co., Ltd., established in March 2015, is mainly engaged in injection molding manufacturing, mold design and manufacturing, plastic surface treatment (spraying and vacuum coating) and electronic product assembly. In recent years, by virtue of its advanced patent technologies, the company has established cooperative relations with many domestic and foreign companies in the fields of automotive products, agricultural water saving and electronic products. After the outbreak of the epidemic, facing the dual pressures of epidemic prevention and control and economic development, the company was affected to a certain extent in terms of product sale, storage and transportation in the early stage.

In order to help enterprises enjoy preferential policies in a timely manner, TEDA Taxation Bureau uses WeChat official account and WeChat groups of taxpayer enterprises to actively introduce preferential tax policies aiming to support epidemic prevention and control as well as economic and social development, and organizes classes on “non-contact” tax handling and the like. The tax officers answer questions online through “cloud live broadcast” and “cloud guidance”, actively respond to concerns of enterprises, and strengthen policy tracking and implementation to ensure effective enjoyment of preferential policies by enterprises.

“Affected by the epidemic, foreign trade enterprises are facing unprecedented challenges. Thanks to the preferential tax policies, our company had enjoyed a total export drawback of RMB 4.83 million up to July 2020, which greatly eased our financial pressure,” said Wu Liji, financial director of Tianjin Zhonghuan Xinyu Technology Co., Ltd., “the great support from the taxation department gave us the courage to turn crises into opportunities. We used the export drawback for new product development, and the production and export quantities of our pet products exceeded the past years. We not only grew against the trend, but also made remarkable achievements in technical certification and qualification, and has successfully entered the list of national scientific and technological SMEs and gazelle enterprises of Tianjin!”

Simplifying procedures: convenient “paperless” declaration

Since the beginning of this year, TEDA Taxation Bureau has continuously deepened the reform of “authorization, management and service”, innovated in collection and management manners, implemented “paperless” tax drawback procedures and classified and sorted management of export enterprises, and further enhanced the convenience in export drawback.

Vestas Wind Technology (China) Co., Ltd. is mainly engaged in the assembly and manufacturing of wind power equipment (including blades, nacelles, generators, control systems, and so on). The TEDA factory of this company located in the Tianjin Economic-Technological Development Area is currently the company’s largest manufacturing base in the world, with business covering 75 countries and regions across the world.

“With the support of the tax bureau and other local departments, our company basically resumed the normal production at the end of March 2020. Over the past few months, the whole company has made every effort to complete the late orders and achieve the annual output goal. Since the beginning of 2020, we have received export drawback of RMB 659 million in total. The electronic declaration in the special period and the timely follow-up of the tax authorities allowed us to enjoy the true preferential policies in the most convenient way, which helped to reduce our pressure in exports and funds and provided a strong guarantee for our development!” said Mi Mi, an officer of Vestas Wind Technology (China) Co., Ltd..

Quickening process: efficient “one-stop” approval

During the epidemic, in order to ensure the timely receipt of export drawbacks and ease the financial pressure of enterprises, TEDA Taxation Bureau opened a “green channel” for export drawback to further speed up the approval process and shorten the period of export drawback, so that enterprises could quickly receive the fund of export drawback and thus maintainable stable development.

Tianjin Samsung Digital Display Co., Ltd. is mainly engaged in: development, design, production, processing, repair, and sale of mobile communication display devices, other electronic display devices and related products, and provision of related technical consulting services; wholesale and retail of parts, semi-finished products and finished products relating to mobile communication display devices and other electronic display devices. Affected by the epidemic, the company once had very high financial pressure, which brought great resistance to the resumption of work and production. After TEDA Taxation Bureau learned about this, many departments of the bureau effectively coordinated to provide the enterprise with “one-stop” service covering the procedures of acceptance, examination, review and approval, so that the enterprise timely received export drawback of more than RMB 16 million.

“We didn’t expect to receive the export drawback so quickly! The rapid flow of funds is very important for foreign trade companies. If the tax drawback process is greatly shortened, the company’s capital chain will be efficient, and the business operation will be smoother. It only took us less than 5 days to receive the tax drawback after submitting the application, and such “fast drawback” really solved our urgent need!” said Li Meixiang, financial director of Tianjin Samsung Digital Display Co., Ltd..

It is learned that foreign trade enterprises take a considerable proportion in TEDA. From January to August 2020, TEDA totally accepted 2,296 export drawback applications, involving more than 500 enterprises.