The Chinese government has extended its export tax rebate pilot program to eight ports – in the cities of Nanjing, Suzhou, Lianyungang, Wuhu, Jiujiang, Yueyang, Qingdao and Wuhan – feeding containers with customs clearance at Shanghai's Yangshan Free Trade Port.
The containers must also depart China via Yangshan.
Effective September, 1, taxes will be refunded at those ports of loading to qualified exporting enterprises whose tax payment credit is rated B or better by both tax and customs authorities.
Previously, Qingdao and Wuhan were covered by the program, while the others had to wait for tax refunds until after the goods exported had left Shanghai.
Export tax rebates refer to the refunds of indirect taxes paid by exporting businesses in the production and distribution of goods and services.
The carriers of the containers must also be equipped with navigation, position and surveillance devices that will enable the customs authorities to monitor their progress.