Big tax data in many places show that export-to-domestic sales have a wide range of products
Exporting to domestic sales has become an important measure for many foreign trade companies to deal with current challenges. The reporter has recently learned from tax authorities in many places that according to big tax statistics, many foreign trade companies are accelerating the promotion of export to domestic sales, and the pace is becoming more and more stable.
According to the tax economic analysis data of the Guangdong Provincial Taxation Bureau of the State Administration of Taxation, the domestic sales amount of export enterprises in Guangdong in April has exceeded the level of last year. The domestic sales amount in May was basically the same as that in April, and the domestic sales amount in June increased by 3.8% year-on-year. Among them, the communication equipment manufacturing industry, textile and clothing industry, and motor manufacturing industry have achieved outstanding results in the conversion of exports to domestic sales, and domestic sales have increased significantly against the trend; private and foreign-owned export enterprises have a relatively high degree of domestic sales, and the proportion of domestic sales from January to May increased by 0.8 and 0.7 respectively In June, domestic sales of private enterprises increased by 6.7% year-on-year.
The same phenomenon also occurred in Ningbo. According to Pan Congbo, director of the Second Taxation Branch of the Ningbo Municipal Taxation Bureau of the State Administration of Taxation, according to recent big tax data, 17.6% of foreign trade companies’ value-added tax invoices have increased year-on-year, and 27.7% of production-oriented export companies have increased their domestic sales.
The shift from exports to domestic sales has caused some companies to buck the trend. Truly Optoelectronics Co., Ltd. is a supplier of smart terminal accessories. In the first half of this year, the company's export value fell by 50.4%, but domestic sales increased by 91.2% against the trend, ultimately driving overall sales growth by 39.8%.
Guangdong Yuanhua New Materials Co., Ltd., located in Foshan, is mainly engaged in the research and development and manufacturing of new non-slip mats and yoga mats. Before the outbreak of the new crown pneumonia, 80% of its markets were overseas. With the emergence of new models such as "cloud fitness" in China, they have accelerated the development of products that conform to Asian fitness habits. From February to June, the company's official online store sales increased by 43% year-on-year.
It is not easy for companies to export to domestic sales, and face a series of problems such as channel development and brand remodeling. The reporter learned that tax authorities in many places use big tax data to help foreign trade companies find domestic sales channels and help them develop domestic markets through platform distribution, live broadcast delivery, and new retail.
"Zhejiang Zhuji is known as the'socks capital'. Relying on big data analysis, tax officials have sorted out 546 socks companies that generate foreign trade data." According to the staff of the Zhuji Taxation Bureau of the State Administration of Taxation, they learned through on-site visits. A total of more than 50 hosiery companies in 2 batches that want to sell domestically and can sell domestically have been identified. In the first half of this year, these hosiery companies have successfully transferred to domestic sales through the new retail channel established by the local e-commerce association, and the total sales volume has reached 56 million pairs.
Various localities have also speeded up export tax rebates to help foreign trade companies switch their exports to domestic sales. It is understood that in the first half of this year, the Sichuan Provincial Taxation Department accelerated the implementation of the new export tax rebate policy through a series of measures such as opening the tax refund "green channel" in the Tax Service Department and implementing paperless tax refunds, and handled a total of 5.088 billion yuan in export tax refunds.
From January to May this year, the domestic sales turnover of Guangdong Ouya Home Furnishing Co., Ltd. was 48.106 million yuan, a year-on-year increase of 252.7%. Lian Yushan, executive deputy general manager of Eurasian Home Furnishing, said: "Since this year, we have enjoyed export tax rebates of 6.59 million yuan and social security fee reductions of 1.467 million yuan, which provides financial support for us to move to the domestic market."
Ningbo Shunda Risheng Electric Co., Ltd. enjoyed a small and micro enterprise income tax discount of 170,000 yuan in the first half of this year; after the value-added tax rate was reduced from 16% to 13%, the company's capital occupation was reduced by about 400,000 yuan; social insurance premiums were reduced and exempted in stages Under 86,000 yuan. "With tax incentives, we have increased the R&D and production of new products for domestic sales, which gives us more confidence in adjusting our market strategies." The person in charge of the company said.
It is understood that in order to ease the financial pressure of export enterprises and help stabilize foreign trade and foreign investment, the taxation department vigorously promotes paperless tax refund declaration, speeding up the average processing time of normal tax refund business by 20%, and even reducing it by more than 50% in some regions. (Economic Daily-China Economic Net reporter Dong Bijuan)