On January 29th, the reporter got news that according to the Notice on Completing the Tax Refund Policy at the Port of Departure co-issued by Finance Ministry, General Administration of Customs and Taxation Administration, Yunchi port in Yichang has been authorized to implement the tax refund policy.

　　The Notice has made it clear that apart from the current eight ports, China will set up five more, namely, Luzhou Port in Luzhou, Guoyuan Port in Chongqing, Yunchi Port in Yichang, Yongjia Port in Zhangjiagang and Langshan Port in Nantong. Meanwhile, Waigaoqiao Port in Shanghai has been added as the port of departure regardless of the fact that Shanghai-based Yangshan Port has been authorized as a tariff-free area, and the Taicang Port in Suzhou, Longtan Port in Nanjing and Yangluo Port in Wuhan have been set up as the ports of route.

　　According to the introduction, tax refund policy refers that the customs go through the formalities of releasing the export goods that shipped at the designated port of departure or the port of departure, then they generate the electronic information of the customs declaration of the export goods of the port of departure. The export enterprises can apply for the tax refund from the relevant tax authorities by virtue of the electronic information and related materials of the export goods which are marked by the tax rebate of the port of departure.

　　“In the past, businessmen couldn’t get the tax refund unless the goods had left the country. However, now they can receive the refund with the customs declarations once the goods leave the departure port, which shortens the time waiting for refund and thus speeding up the capital velocity.”According to the introduction by tax refund department at the municipal Internal Revenue Commission, this move will benefit the system of tax refund policy at the port of deportment and its processing procedures, make the policy exert greater influence and help to boom the Yangtze River economic zone .(Reporter: Chen Xi; Correspondent: Yang Kai)