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COOEC: Innovating Export Tax Rebate Liquidation Mode, and Realizing Cost Decrease and Efficiency Increase of RMB 15 Million

Date:2019-10-30

自拍区偷拍亚洲视频On October 16, it was learned from COOEC that with the help of the competent tax authority in Tianjin, the company has grasped the opportunity to implement structural tax reduction in China, fully strived for and utilized relevant preferential tax policies, actively innovated the export tax rebate liquidation mode, realized cost decrease and efficiency increase of RMB 15 million in the process of export tax rebate liquidation this year, and contributed financial value to the company's success in the turnaround of production and operation throughout the year.

In 2019, the production and operation situation of COOEC is very severe. The pressure on the company to turn losses into gains throughout the year is huge. Decreasing costs, increasing efficiency, increasing income and reducing expenditure have become the key tasks for the whole year. As a key import and export enterprise in Tianjin, the import and export volume of the company ranked eighth in Tianjin in 2018. The overseas projects of the company are characterized by long production cycle, the traditional "annual liquidation" mode is no longer applicable to the export tax rebate liquidation of the company, which will not only lead to unreasonable increase of the tax burden of the company, but also increase the law enforcement risks of the tax authority.

自拍区偷拍亚洲视频In the past two years, China has actively pushed forward the reform of "streamlining administration, delegating powers, and improving regulation and services" and continuously optimized the tax service environment for enterprises, which has also brought good opportunities for enterprises to reduce taxes and fees, decrease costs and increase efficiency. In the process of connecting enterprises with the competent tax authority in Tianjin, COOEC and the tax authority launched an innovation on the COOEC export tax rebate liquidation mode. Through the establishment of different business models for repeated simulation calculations, the optimal export tax rebate liquidation mode of "cross-year rolling" was finally determined.

It is understood that the liquidation of export tax rebate through the "cross-year rolling" mode can avoid unreasonable increase of exemption from additional tax of enterprises. It is estimated that in 2019 alone, about RMB 15 million of taxes and fees will be effectively reduced and exempted for COOEC, providing strong support for the company to win the "turnaround" of production and operation throughout the year.

The COOEC Financial Management Department has a rigorous and innovative working mode, which has also been recognized by the competent tax authority in Tianjin. Yin Xiaohua, deputy director of the fourth branch of Tianjin Municipal Tax Service, State Taxation Administration, said "to build a harmonious relationship between tax authority and enterprises, it is necessary to study the business, innovate actively, and make decision based on data to find the best path for the communication between tax authority and enterprises."


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