China’s Guangdong Region Issues Export-Related Measures
China’s Guangdong region recently announced measures to speed up export tax rebate processing and to help divert goods intended for export to instead be sold domestically, the Hong Kong Trade Development Council reported Aug. 17. All Guangdong tax authorities were…
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ordered to “increase their assessment efficiency and expedite the processing” for export tax rebates to reduce the handling time from eight to five working days, the report said. The province is also collecting data on taxes and fees to create “business matching platforms” that will drive “products originally destined for export” to be sold domestically.