October 24 2022

Shanghai Promote Mutual Recognition of Enterprises Eligible for Export Tax Rebate (Exemption) in the Yangtze River Delta Region

Source: Announcement of the State Taxation Administration

The Shanghai Municipal People's Government released on October 21, 2022 the Guidelines of Shanghai Municipality on Promoting the Stable and Quality Growth of Foreign Trade, to be effective on November 1, 2022.

The Guidelines rolled out 22 policy measures in five aspects, including ensuring the stable operation of foreign trade firms, increasing financial service support for international trade, optimizing import and export structure of foreign trade, supporting the development of new forms and modes of foreign trade, and strengthening the service guarantee for foreign trade firms.

It called for facilitating export tax rebate, cutting average processing time of normal export tax rebate (exemption) for exporters subject to Category I and Category II export rebate management to three working days, expanding the coverage of the pilot program of waiving the requirement for filling out the forms for export tax rebate, and promoting the sharing of export information of enterprises at different ports through the "single window" of the Shanghai international trade. It is also required to promote the mutual recognition of the results for the evaluation of enterprises eligible for export tax rebate in the Yangtze River Delta region by Relying on the cooperation mechanism for regional integration in the Yangtze River Delta.