Export to domestic sales has become an important measure for many foreign trade enterprises to cope with the current challenges. The reporter recently learned from the tax authorities in many places that according to the statistics of tax big data, many foreign trade enterprises are accelerating the export to domestic sales, and the pace is becoming more and more stable.
According to the tax economic analysis data of Guangdong Provincial Taxation Bureau in State Taxation Administration of The People’s Republic of China, the domestic sales amount of export enterprises in Guangdong Province has exceeded last year’s level in April, while the domestic sales amount in May was basically the same as that in April, and the domestic sales amount in June increased by 3.8% year-on-year. Among them, the export of communication equipment manufacturing industry, textile and garment industry and motor manufacturing industry has achieved outstanding results, and domestic sales have increased significantly against the trend; Private and foreign-funded export enterprises have a high degree of domestic sales. From January to May, the proportion of domestic sales increased by 0.8 and 0.7 percentage points respectively. In June, the domestic sales of private enterprises increased by 6.7% year-on-year.
The same phenomenon happened in Ningbo. According to Pan Congbo, director of the Second Taxation Branch of Ningbo Taxation Bureau, State Taxation Administration of The People’s Republic of China, from the recent big tax data, 17.6% of foreign trade enterprises’ VAT invoices increased year-on-year, among which 27.7% of production-oriented export enterprises’ domestic sales increased.
The change from export to domestic sales has made some enterprises go against the trend. Xinli Optoelectronic Co., Ltd. is a supplier of intelligent terminal accessories. In the first half of this year, the company’s export volume decreased by 50.4%, but domestic sales increased by 91.2% against the trend, eventually driving the overall sales growth by 39.8%.
Guangdong Yuanhua New Materials Co., Ltd., located in Foshan, is mainly engaged in the research and development of new anti-skid mats and yoga mats. Before the COVID-19 epidemic, 80% of its market was overseas. With the rise of new models such as "cloud fitness" in China, they have accelerated the development of products that meet the fitness habits of Asians. From February to June, the sales volume of the company’s official online store increased by 43% year-on-year.
It is not easy for enterprises to export to domestic market, and they are faced with a series of problems such as channel development and brand remodeling. The reporter learned that the tax authorities in many places use tax big data to help foreign trade enterprises find domestic sales channels and help them explore the domestic market through platform distribution, live broadcast and new retail.
"Zhuji, Zhejiang is known as the’ socks capital’. Relying on big data analysis, tax officials have sorted out 546 socks enterprises that generate foreign trade data." The staff of Zhuji City Taxation Bureau in State Taxation Administration of The People’s Republic of China introduced that after on-the-spot visits and understanding, they identified two batches of more than 50 hosiery enterprises that want to sell domestically and can sell domestically. In the first half of this year, these hosiery enterprises have successfully transferred to domestic sales through the new retail channels established by local e-commerce associations, and the total sales volume has reached 56 million pairs.
All localities have also speeded up export tax rebates to solve problems for foreign trade enterprises to export to domestic sales. It is understood that in the first half of this year, the tax authorities of Sichuan Province accelerated the implementation of the new export tax rebate policy through a series of measures such as opening a "green channel" for tax rebate in the tax service hall and promoting paperless tax rebate, with a total export tax rebate of 5.088 billion yuan.
From January to May this year, the domestic sales turnover of Guangdong Ouya Home Furnishing Co., Ltd. was 48.106 million yuan, a year-on-year increase of 252.7%. Lian Yushan, executive deputy general manager of Eurasia Home Furnishing, said: "Since the beginning of this year, we have enjoyed 6.59 million yuan in export tax rebate and 1.467 million yuan in social security fee reduction, which provided financial support for us to move to the domestic market."
Ningbo Shunda Risheng Electric Appliance Co., Ltd. enjoyed a preferential income tax of 170,000 yuan for small and micro enterprises in the first half of this year; After the value-added tax rate is reduced from 16% to 13%, the capital occupation of enterprises will be reduced by about 400 thousand yuan; The phased reduction of social insurance premiums saved another 86,000 yuan. "With tax incentives, we have increased the R&D and production of new domestic products, which makes us more confident in adjusting our market strategy." The person in charge of the company said.
It is understood that in order to alleviate the financial pressure of export enterprises and help stabilize foreign trade and foreign investment, the tax authorities have vigorously promoted paperless tax refund declaration, speeding up the average processing time of normal tax refund business by 20%, and even reducing it by more than 50% in some areas. (Reporter Dong Bijuan)
关于作者