Guangdong export tax refund and exemption close to RMB 300 billion

As one of the early pilot regions of the new tax refund system that recently came online, Guangdong has processed export tax refunds and exemptions totaling RMB 299.227 billion for upwards of 40 thousand enterprises since August 31, 2020.

Over the 10-month pilot operation, Guangdong taxation administration has been stepping up efforts to incorporate export tax refund declarations, examining and letter-based investigations into the “Third-phase Golden Tax Project”, thus integrating a series of services including tax collection, tax refunds, invoice issuance and inspections.

Source: World Trade Times