Source: Yiwu sourcing agent Author: Gary Date: 2008-05-21
It is learned recently from the import and export taxation authorities of Yiwu Municipal Bureau of State Taxation that since this year,there has been a preferential policy of export tax rebate for Yiwu's small commodities . According to statistics,Yiwu taxation authorities deputized to issue 11,234 value-added tax invoices for the export of small commodities in the first four months this year, rebating value-added tax totaling 15 million yuan, a rise of 57. 29% over the same
period of last year . According to relevant regulations,foreign trade enterprises should obtain value-added tax invoices when they purchase goods from the individual dealers,and then with the export goods for which the tax authorities have issued value-added invoices,they can apply for the tax reate . The tax authorities in charge will calculate the tax to be rebated based on the collecting ratio marked on the value-added invoices . This measure aims to develop a normal channel of utilizing the foreign trade companies for the export of small commodities in Yiwu market,thus reducing the cost . For the convenience of the individual dealers' application for issuing value-added invoices,the municipal authorities of state taxation have opened windows in the Tax-conducting Service Hall, Huangyuan Market and International Trade City .
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