Report from this newspaper, Shanghai, April 5 (Reporter Yan Weiqi)
The preferential stamp duty policy for offshore trade has been officially piloted in the Shanghai Pilot Free Trade Zone and Lingang New Area recently. This is the first tax preferential policy issued and implemented by my country for offshore business. It is piloted in Shanghai, which means that my country has taken a substantial first step in the exploration and practice of offshore tax system.
In February this year, the Ministry of Finance and the State Administration of Taxation issued the "Notice on Piloting Preferential Stamp Duty Policies for Offshore Trade in the China (Shanghai) Pilot Free Trade Zone and Lingang New Area", clarifying that from April 1, 2024 to March 2025 On the 31st, sales contracts signed by enterprises registered in the China (Shanghai) Pilot Free Trade Zone and Lingang New Area for offshore resale business will be exempted from stamp duty.
Tian Zhiwei, deputy director of the Institute of Public Policy and Governance of Shanghai University of Finance and Economics, said that exempting offshore trade stamp duties can reduce the tax cost of offshore trade, which is conducive to the development of my country's local offshore trade enterprises and is also conducive to attracting investors from other countries. It is of great practical significance for offshore trading companies to register and conduct business in my country.
"Benefiting from the preferential stamp duty exemption policy for offshore resale sales contracts, companies are expected to enjoy tax benefits of about 8 million yuan a year." Fu Tie, tax director of Yihai Kerry Golden Arowana Cereals, Oils and Food Co., Ltd., said, "This policy It reduces operating costs and gives us more confidence to take root in the free trade zone and strive for development."
It is understood that after the policy was promulgated, the Shanghai tax department promptly formulated tax collection announcements and follow-up management plans, sorted out the profile and transaction scale of offshore trading enterprises in the Pilot Free Trade Zone and Lingang New Area, and found out the difficulties and obstacles in applying policies to enterprises. points to smoothen the feedback mechanism for corporate demands. On the other hand, we will work with Shanghai Municipal Finance, Municipal Foreign Exchange Administration Department, relevant free trade zone management committees and other departments to carry out policy interpretation and promote direct access to policies.
"This pilot is an exploration and breakthrough in the offshore trade tax system, which will help enhance the international competitiveness of enterprises and help Pudong build a 'five centers' core area. The Pudong tax department will coordinate with relevant departments to strengthen publicity and guidance for enterprises to ensure policy dividends Accurate and direct. At the same time, we will also accumulate experience through pilot trials and provide practical samples for promoting research on offshore tax systems." said Wang Ai, member of the Party Committee and Deputy Director of the Pudong New Area Taxation Bureau. (Guangming Daily)