In the first seven months, the import and export volume of the national free trade zone exceeded 2.7 trillion yuan. The import of scientific research equipment in Beijing free trade zone is duty-free.

Release time:

2020-10-12

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Abstract

In late September, Beijing, Hunan and Anhui pilot free trade zones were listed one after another, and the number of pilot free trade zones in China increased to 21.

Source: People's Daily Online

 

In late September, Beijing, Hunan and Anhui pilot free trade zones were listed one after another, and the number of pilot free trade zones in China increased to 21. The reporter learned from the State Administration of Taxation yesterday that with the help of tax policies, the import and export volume of the free trade zone in the first seven months of this year has reached 2.7 trillion yuan.

In the process of exploring the establishment of a pilot free trade zone in China, the tax system, as one of the contents of the experimental field, has repeatedly innovated and accumulated a series of achievements. At the same time, the State Administration of Taxation and the local tax authorities of their respective pilot trade zones provide assistance to the pilot free trade zones and contribute to the realization of a higher level of opening up to the outside world. The reporter noted that since the approval of the Shanghai Free Trade pilot Zone in 2013, China's free trade pilot zone has achieved full coverage of Beijing, Tianjin and Hebei, the Yangtze River Delta and the eastern, central and western regions in the past seven years. The State Administration of Taxation disclosed that all 21 pilot free trade zones have tax-related content, including tax service innovation, tax system innovation and tax system exploration.

In terms of trade facilitation, the optimization of tax procedures, the "single window" of international trade, and the acceleration of export tax rebates have become important reforms in many pilot free trade zones. In terms of tax system, local pilot free trade zones have issued a number of tax incentives involving enterprise income tax and personal income tax, highlighting the orientation of encouraging investment and promoting trade, and actively studying and improving the tax policy of overseas income tax credit.

In fact, while exploring the way for reform, the free trade pilot zone has also become an important force for China to stabilize foreign trade and foreign investment. Statistics show that in the first seven months of this year, more than 3300 new foreign-funded enterprises were established in my country's free trade zone, and the actual use of foreign capital was more than 90 billion yuan, and the import and export volume reached 2.7 trillion yuan. The re-expansion of the free trade zone in September is considered to be a signal of China's adherence to reform and opening up.

"The FTZ will become an important carrier and platform for connecting domestic and international double cycles in the future." Zhao Jinping, a researcher at the Research Center for the Construction of the Pilot Free Trade Zone, the Counsellor's Office of the State Council, said.

According to the State Administration of Taxation, the newly established Beijing Pilot Free Trade Zone is characterized by "technological innovation, service industry opening, and digital economy. Under the background that other pilot free trade zones are still focusing on the development of trade in goods, the Beijing Pilot Free Trade Zone highlights the characteristics of developing trade in services. In terms of taxation, the Beijing Pilot Free Trade Zone will continue to expand the service functions and application areas of the "single window" for international trade, and implement import tax exemptions for scientific research equipment of R & D institutions in the zone that comply with the policy, and explore tax policies that encourage technology transfer.

"Under the background of accelerating the formation of a new development pattern with the domestic large cycle as the main body and the domestic and international double cycles promoting each other, the pilot free trade zone will become a testing ground for my country to explore the formation of a new development pattern, and accumulate experience for accelerating the formation of a new development pattern." Li Ping, a researcher at the Institute of Taxation Science of the State Administration of Taxation, said, "Taxation in this highland of reform and opening up will give full play to its own strength to help further improve the level of innovation and opening up in our country.

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