Foreign demand is sluggish

Affected by the slowdown in international economic growth, the external demand market has been sluggish, export orders have continued to decline, and outflows, and the transformation and upgrading of foreign trade companies is imminent. In order to boost business confidence and support the transformation and upgrading of export enterprises, the State Tax Bureau actively implements various preferential tax policies to promote the stable growth of foreign trade and exports in the city.

According to statistics, in the first half of this year, the Municipal Taxation Bureau focused on implementing preferential tax policies such as early tax refunds for new production-oriented export enterprises, delayed export tax rebate declarations, cross-border trade and settlement export business tax refunds, and R&D institutions purchasing home-made equipment tax refunds. Accumulated export refund tax was 8.338 billion yuan, a year-on-year increase of 35.78%.

Half-year tax refund of 8.338 billion yuan

Although the cost of raw materials continued to decline, the pressure on the appreciation of *** gradually decreased, but the days of foreign trade companies are not good enough, affected by the European debt crisis, the international market demand shrinks, orders continue to decline, coupled with rising production costs such as domestic labor, orders The trend toward low labor cost regions such as Southeast Asia has not changed.

According to statistics, affected by the shrinking external demand, in June, the city’s 193 key liaison and monitoring companies had contracted contracts in hand to US$2.5 billion, a decrease of 5.3% from the previous quarter. The number of companies whose orders rose and remained unchanged was 66.4%, a decrease of 2.5 percentage points from the previous quarter and a record low since the beginning of the year. Among them, enterprises with an increase in orders accounted for 27.3%, down 5.8 percentage points from the previous quarter. In general, the number of orders showed a downward trend, and the export situation in the city was severe.

In the context of a sluggish external market, export companies have to transform and upgrade, and improve their viability by adjusting the market or product structure. Obviously, this requires a large investment. To this end, since the beginning of this year, the city's national tax department has taken various measures to accelerate the progress of export tax rebates so as to accelerate the turnover of corporate funds.

Statistics show that in the first half of this year, the city handled a total of 8.338 billion yuan in export tax refunds, a year-on-year increase of 35.78%, which has effectively promoted the steady growth of the city’s foreign trade exports and the transformation and upgrading of export enterprises.

Enterprises will handle export tax rebates faster

It is understood that in order to support the transformation and upgrading of foreign trade enterprises, the State Taxation Bureau has recently issued a series of measures, such as the full implementation of export tax refund tax classification management measures, the export companies are divided into A, B, C, D four categories, to A, Type B export enterprises reduce their filing data, simplify the review process, increase the efficiency of review of tax refunds, speed up the turnover of funds, and support the development of foreign trade.

In terms of reporting the time limit for tax refunds, the policy has also been relaxed. The goods exported by the production enterprises should be reported to the competent tax authorities for value-added tax exemption within the respective value-added tax tax reporting periods from the next month of export declaration to April 30 of the following year. Tax refund, consumption tax refund.

In order to effectively speed up the progress of export tax rebate, the company will review and approve the application in the month after acceptance, and apply for tax rebate procedures at the beginning of the following month; for foreign trade enterprises, it will apply for tax rebates several times a month, and since June it can be used and approved by the tax authorities. The taxpayer deducts the value-added tax invoice for his input tax amount as the export tax return declaration certificate, and declares the export tax rebate to the competent tax authority.

The “tax rebate after write-off” method is applied to the export tax reimbursement for exporters, that is, exporters of qualified production enterprises can export to the competent authority on the basis of export contracts, sales details and other information if their tax refund vouchers are not yet fully collected. The taxation authorities that have returned the tax shall apply for the tax exemption and refund declaration, and the latter shall go through the formalities for the examination and approval of the tax exemption and refund in accordance with the relevant provisions of the current export tax exemption administration.

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