China's tax refunds, cuts for foreign trade companies in 2022 hit over $40 billion

2023-03-20 Editor : Zhao Li ECNS App Download

(ECNS) -- China supports all enterprises to enjoy various types of tax preferential policies and tax reduction and tax refund for foreign trade companies last year reached 285 billion yuan(around $41.35 billion), said Yu Jianhua, director-general of China's General Administration of Customs, on Monday.

Compared with major trading powers, the import and export of Chinese goods have not been hindered due to the COVID-19 epidemic, rather, customs clearance was faster and more convenient, he said.

In December 2022, the overall customs clearance timing of imports and exports across China shorten 67 percent and 92 percent compared to 2017, respectively, Yu added.

The customs keeps innovating regulatory models, such as setting up a "green channel" for agricultural food products, continuously optimizing the port business environment.

Related news


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2023 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]