A new system for export tax refund has been released for consumer use. This new platform has received praise from the users: “The new system reduces self-reporting forms and data entry leading to simple and fast operation. Data can be automatically uploaded, greatly easing the burden for companies,” Feng Genjian, the chief financial officer of Zhejiang Truelove Blanket Technology Co., Ltd.

In order to using tax management digitalization and innovative export tax refund procedures to better serve enterprises that trades internationally, Yiwu Taxation Bureau has implemented digital management of export tax refund filing documents since 2020.

At present, this measure has helped nearly 2,000 Yiwu enterprises obtain tax refunds quickly and safely and has successfully been selected as the first batch of best system innovation cases in the China (Zhejiang) Pilot Free Trade Zone. Thanks to this innovation, Yiwu’s export tax refund in the first half of this year exceeded 3.2 bn RMB. (By Fang Jing, translated by Lin Yuqin, edited by Mariam Ayad)