(2020 Trade in Services Conference) China's tax policy supports the development of service trade

  China News Service, Beijing, September 9th (Reporter Zhao Jianhua) The maximum sales limit of companies enjoying tax incentives at the 2020 China International Trade in Services Fair (Services Trade Fair in 2020) will reach 10 million US dollars.

On the opening day of the 2020 Service Trade Fair, China announced relevant preferential tax policies: Import exhibits within the sales quota during the exhibition are exempt from import duties, import value-added taxes and consumption taxes.

  Not only will the Service Trade Fair in 2020, China's service trade has developed rapidly in recent years, and relevant tax support has continued to follow up.

According to Li Yongming, a partner of the 2020 Service Trade Association and Vice President of Public Business of JD Zhilian Cloud, in the first half of the year, JD Group provided residents with express delivery services for essential living materials, exempt from value-added tax of about 20 million yuan (RMB, the same below) ; Due to the donation of materials for the prevention and control of the new crown pneumonia epidemic, approximately 70 million VAT is exempted, which has played an important role in reducing costs and growing business.

  According to the person in charge of relevant departments and bureaus of the State Administration of Taxation, in 2018, the income tax policy for technologically advanced service enterprises in the pilot areas for the development of service trade innovation and development will be extended to the whole country, and the recognized technologically advanced service enterprises (service trade) will be reduced by 15%. The tax rate is levied on corporate income tax.

  Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of Beijing National Accounting Institute, analyzed that tax reduction and fee reduction for enterprises will help stimulate the vitality of market players, promote the transformation and upgrading of the service trade industry structure, and enhance the technical content and economic added value of the service trade industry. Economic operation quality and efficiency.

  While exhibiting companies enjoy tax incentives, individuals can also enjoy the "purchase and refund" tax refund for departure.

According to the person in charge of the relevant departments and bureaus of the State Administration of Taxation, the departure tax rebate service is for foreign tourists and compatriots from Hong Kong, Macao and Taiwan who meet the requirements for the departure tax rebate to process the departure tax rebate on the spot.

  The Wangfujing Department Store, participating in the 2020 Service Trade Fair, is the second pilot store in Beijing to be approved for the “Buy Now Refund” tax rebate.

According to the store’s departure tax rebate "Buy and Refund" business staff, overseas tourists meet the requirements for leaving Beijing within 17 days after shopping, a single consumption is not less than 500 yuan, and the cumulative consumption is not more than 50,000 yuan. Hold the "Departure Tax Refund Application Form" to apply for the departure tax refund at the store site, enjoy the "Buy and Refund" service, and just submit the information at the airport.

  According to data released by the State Administration of Taxation, since the departure of the tax rebate business in Beijing in July 2015, there have been 538 tax rebate shops, with tax rebate sales of 930 million yuan and tax rebate amount of 82.75 million yuan. (Finish)