(Economic Watch) Chinese tax authorities help hold large-scale international events in China

　　China News Service, Beijing, January 17 (Reporter Zhao Jianhua) In the past 2021, the Beijing Service Trade Fair, the Canton Fair, the Shanghai International Import Expo, and a number of large-scale international events have been successfully held in China, attracting more attention from the world.

To support and guarantee various large-scale international events held in China, China has successively issued a series of preferential tax policies.

　　In November 2019, the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs of China jointly announced the "Announcement on Preferential Tax Policies for the Beijing 2022 Winter Olympics and Paralympic Games", which provides tax incentives in terms of corporate income tax, value-added tax, and consumption tax. All types of taxpayers participating in the Winter Olympics will be supported by reductions and exemptions.

　　In April 2020, the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs issued the "Announcement on the Tax Policies for the 2022 Asian Games and Asian Paralympic Games in Hangzhou", which provides relevant taxpayers in terms of corporate income tax, value-added tax, consumption tax, and stamp duty. Provide relief support.

　　In October 2020, the Ministry of Finance, the State Administration of Taxation and the General Administration of Customs jointly issued a notice clarifying that a reasonable number of imported exhibits sold during the CIIE will be exempted from import duties, import value-added tax and consumption tax.

　　In March 2021, the Ministry of Finance, the State Administration of Taxation and the General Administration of Customs jointly issued a notice clarifying that the imported exhibits within the tax-free quota sold during the "14th Five-Year Plan" period of international exhibitions in the central and western regions will be exempted from import duties and import links. VAT, consumption tax.

　　The relevant person in charge of the International Taxation Department of the State Administration of Taxation said that holding large-scale international events can further enhance China's international influence and expand the "circle of friends".

This involves a lot of tax-related work, such as the value-added tax refund for the Winter Olympics, the reduction of taxes and fees for the Olympic-related Asian Games companies, the export tax refund for foreign trade companies in the China International Import Expo and the Canton Fair, and the departure tax refund for the China-Arab States Expo and the China-Arab States Expo. International tax policy publicity to serve foreign-funded enterprises, etc.

These taxation work has played an important role in attracting foreign investment to "come in", encouraging Chinese enterprises to "go out", and promoting international exchanges and cooperation.

　　After the central government promulgates preferential tax policies, tax authorities at all levels are responsible for the implementation.

Up to now, the Hebei Provincial Taxation Bureau has provided a total of 390 million yuan (RMB, the same below) for tax reductions, exemptions and refunds for related Winter Olympics companies.

Since 2021, the Zhejiang Provincial Taxation Bureau has implemented a total deduction of 188 million yuan for research and development expenses for Asian-related enterprises, helped enterprises enjoy treaty benefits of 10.5282 million yuan, and achieved a tax refund of 769 million yuan.

　　As the contractor of the Beijing Winter Olympics ski and snowboard platform project, Fan Yuqiu, the financial director of Beijing Shougang Automation Information Technology Co., Ltd., said, "The tax department will connect in a timely manner and provide guidance on the preferential tax policies for the Winter Olympics. The company will enjoy a total of 1642 tax reductions in 2021. 10,000 yuan, which provided a guarantee for the completion of the construction of the Winter Olympics project on time."

　　While implementing the preferential tax and fee policies, with the help of large-scale international events, tax authorities at all levels continue to innovate services, and promote effective and popular measures that have been proven in practice to a wider range.

　　During the period, the Hebei Provincial Taxation Bureau established a bilingual service team for the Winter Olympics to improve the province's international taxation service level.

During the period of serving the Canton Fair, the Guangdong tax authorities explored the digital reform of tax services and replicated successful experience in the field of cross-border e-commerce.

　　The relevant person in charge of the State Administration of Taxation said that the Chinese tax authority will continue to improve the level of taxation services and contribute to the promotion of Sino-foreign economic and trade cooperation.

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