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24
2012
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07
Announcement of the State Administration of Foreign Exchange, the General Administration of Customs and the State Administration of Taxation on the Reform of the Foreign Exchange Administration System for Trade in Goods
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In order to vigorously promote trade facilitation and further improve foreign exchange services and management of trade in goods, the State Administration of Foreign Exchange, the General Administration of Customs, and the State Administration of Taxation have decided to implement the reform of the foreign exchange management system for trade in goods nationwide from August 1, 2012, and adjust accordingly Export declaration process, optimize and upgrade the information sharing mechanism for export foreign exchange collection and export tax rebate. The announcement is as follows: From the date of the reform of the foreign exchange management mode of 1. trade in goods, the export collection verification form (hereinafter referred to as the verification form) will be canceled, and the enterprise will no longer handle the export collection verification procedures. Trade foreign exchange to enterprises by branches of the State Administration of Foreign Exchange (hereinafter referred to as the Foreign Exchange Bureau)
In order to vigorously promote trade facilitation and further improve foreign exchange services and management of trade in goods, the State Administration of Foreign Exchange, the General Administration of Customs, and the State Administration of Taxation have decided to implement the reform of the foreign exchange management system for trade in goods nationwide from August 1, 2012, and adjust accordingly Export declaration process, optimize and upgrade the information sharing mechanism for export foreign exchange collection and export tax rebate. The announcement is as follows:
From the date of the reform of the foreign exchange management mode of the 1. reform of the trade in goods, the export collection verification form (hereinafter referred to as the verification form) shall be canceled, and the enterprise shall no longer go through the procedures for the verification of export collection. The State Administration of Foreign Exchange Branch (hereinafter referred to as the Foreign Exchange Bureau) of the enterprise's trade foreign exchange management method changed from on-site write-off to off-site total amount verification. Through the foreign exchange monitoring system for trade in goods, the Foreign Exchange Bureau comprehensively collects data on the import and export of goods and foreign exchange receipts and payments of trade of enterprises, regularly compares and evaluates the overall matching of goods flow and capital flow of enterprises, and facilitates the trade foreign exchange receipts and payments of compliant enterprises.
The 2. implements dynamic classification management of enterprises. The Foreign Exchange Bureau divides enterprises into three categories: A, B and C according to the compliance of the enterprise's trade foreign exchange receipts and payments and its consistency with the import and export of goods. Class A enterprises import payment documents simplified, can be based on import customs declarations, contracts or invoices and other documents that can prove the authenticity of the transaction in the bank directly for payment of foreign exchange, export receipt without network verification. Strict supervision shall be carried out on the examination of foreign exchange receipts and payments documents, business types and settlement methods for Class B enterprises. The foreign exchange receipts and payments of Class B enterprises shall be verified by electronic data by banks, and the foreign exchange receipts and payments of Class C enterprises shall be registered by the Foreign Exchange Bureau one by one. The foreign exchange bureau makes dynamic adjustments based on the enterprise's compliance with foreign exchange management regulations during the classified supervision period. Class A enterprises that violate foreign exchange management regulations will be downgraded to Class B or Class C; If the compliance status of Class B enterprises does not improve during the classified supervision period, the classified supervision period will be extended or downgraded to Class C; If Class B and C enterprises operate in compliance with laws and regulations during the classified supervision period, they can be upgraded to Class A after the expiration of the classified supervision period.
From the date of 3. adjustment of the reform of the export declaration process, enterprises will no longer provide write-off documents when handling export declarations.
The 4. simplifies the export tax rebate certificate for goods declared for export from August 1, 2012 (subject to the export date indicated in the customs "export goods declaration form [special for export tax rebate]", the same below), when the export enterprise declares the export tax rebate, it will no longer provide the verification form; the tax bureau shall review the export tax rebate of the enterprise according to the relevant regulations with reference to the information and classification of the enterprise's export receipt provided by the safe. If the goods declared for export before August 1, 2012 have not reached the verification period of export collection and foreign exchange as of July 31 and have not been written off, the export tax refund shall be handled in accordance with the provisions of the first paragraph of this article. For goods declared for export before August 1, 2012, those that have not reached the verification period of export collection and foreign exchange collection as of July 31 but have been written off and those that have reached the verification period of export collection and foreign exchange collection shall be handled in accordance with the relevant provisions of export tax rebate before the reform.
5. the overdue export collection and write-off business to deal with goods declared for export before August 1, 2012, and if the export collection and write-off period has reached July 31, the enterprise shall go through the export collection and write-off procedures no later than July 31. Since August 1, the foreign exchange bureau will no longer handle the verification procedures for export receipts and no longer issue verification documents. If the enterprise really needs the foreign exchange bureau to issue the relevant certificate of receipt of foreign exchange, the foreign exchange bureau shall handle the case by reference to the relevant provisions of the original export collection and verification supervision.
6. Strengthen the joint supervision of departments. Enterprises should strictly abide by relevant regulations, enhance their awareness of integrity, strengthen self-discipline management, and consciously abide by the law. The State Administration of Foreign Exchange, the General Administration of Customs and the State Administration of Taxation will further strengthen cooperation to achieve data sharing; improve the coordination mechanism to form a joint force of supervision; and severely crack down on all kinds of illegal cross-border capital flows, smuggling, tax fraud and other illegal activities.
This announcement involves specific matters related to foreign exchange management, export customs declaration, export tax refund, etc., which shall be separately stipulated by relevant departments. In case of any conflict between the previous regulations and this announcement, this announcement shall prevail. As of August 1, 2012, all the laws and regulations listed in the annex to this announcement shall be abolished.
It is hereby announced.
June 27, 2012
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