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Chenzhou Customs Helps Chenzhou Comprehensive Bonded Zone Return to Work

2020-03-17

 

Chenzhou Comprehensive Bonded Zone is one of the first pilot areas of general VAT taxpayer qualification in Hunan Province. After a period of practice, five enterprises have joined the pilot. The pilot policy has brought new opportunities for enterprises to undertake domestic orders, activate idle assets and expand domestic market.

 

Comprehensive Bonded Zone is regarded as "within the borders while outside the customs territory", and the enterprises in the Zone enjoy the bonded convenience, that is, the import and export of overseas goods are free of tax. However, domestic goods entering into the park are equal to exports and leaving the park is equal to imports. Import tariff has become a problem for enterprises entering the park to explore the domestic market. The pilot policy has given enterprises "dual identities" in and out of the zone, which effectively solved this problem. It can not only carry out bonded business and enjoy bonded convenience, but also engage in domestic non bonded business. The entry and exit areas of non bonded goods are exempt from customs declaration and tariff cost is saved. At the same time, in terms of tax policy, it can not only issue VAT special invoice, but also deduct input VAT. Since Chenzhou Guoda Nonferrous Metals Co., Ltd. filed the pilot qualification on March 20 last year, the trade amount of non bonded goods in and out of the zone has reached 130 million yuan. Through calculation, the pilot policy can increase the company's comprehensive income by 15 million yuan every year.

 

The advantages of the pilot policy soon attracted more enterprises outside the zone to turn their attention to the comprehensive bonded zone. Guangzhou Handian Group, which is engaged in the research and development and manufacturing of electronic components, is considering Chenzhou Comprehensive Bonded Zone as a pilot area, further eliminating the concerns of its industrial transfer. On February 24, the company was registered in the park. On February 28, the company was approved as a general taxpayer. It was estimated that the annual customs declaration agency fee would be reduced by 150,000 yuan, customs duties by 1 million yuan, input tax would be increased by 9.5 million yuan, and the tax reduction and cost saving would reach 10.7 million yuan.