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Measures for the Tax Administration of Deep Processing Carry-over of Bonded Goods in Processing Trade (for Interim Implementation) Article 1 The present Measures are formulated in accordance with the ¡°Notice of the State Administration of Taxation on Promulgating the Operating Rules on the Administration of Tax Exemption, Deduction and Refund Due to Export of Goods by Production Enterprises¡± (for Trial Implementation)¡± (No. 11 [2002] of the State Administration of Taxation) as well as other relevant laws and regulations, and in light of the actual situation of this City for the purpose of promoting the development of processing trade, strengthening and regulating the tax administration of deep processing carry-over in processing trade. Article 2 The term ¡°deep processing carry-over of bonded goods in processing trade¡± refers to the business activity that a processing trade enterprise transfers the products processed from bonded imported materials to another processing trade enterprise for further processing and then for re-export. A processing trade enterprise refers to a production enterprise registered by the customs. Article 3 A production enterprise shall, if intending to run deep processing carry-over business, apply to the competent taxation authority according to legal provisions for registration of export-related tax refund. Article 4 When a production enterprise runs the deep processing carry-over business, the product providing enterprise shall declare to the tax refund department of its competent taxation authority for tax exemption; and the product receiving enterprise shall declare to the tax refund department of its competent taxation authority for registration of processing of the imported materials. Article 5 Value-added tax shall temporarily not be levied on the deep processing carry-over income obtained by production enterprises from processing trade, provided that they shall not issue special VAT invoices; the deep processing carry-over income got by production enterprises from processing trade shall be subject to separate accounting of their business income from other business activities. Article 6 Determination of the time of recording the export enterprise¡¯s sales amount from deep processing carry-over into account, and determination of the sales income: (1) The products deeply processed by a production enterprise for carry-over shall, by whatever kind of means of transport, be registered in the export sales accounts by regarding the time of recording such goods into accounts according to accounting bylaws as the actual time of sales income of the exported goods. (2) The sales income from moving out the deeply processed goods shall be calculated at the off-shore price on the export invoice. (3) In whatever kind of foreign currency are the deeply processed goods for carry-over settled, they shall be converted into Renminbi at the exchange rate prescribed by the state and be registered on relevant account books. The production enterprise may adopt the exchange rate at the first day of that month or on that very day as the account-recording exchange rate (generally the medium price), which shall not be adjusted within one year after the determination. If they are settled in Renminbi, the form on writing off foreign exchange shall be indicated with the words ¡°Settled in Renminbi¡±. (4) If the production enterprise fails to, within the prescribed time limit, collect all the relevant vouchers on tax exemption for export or fails to declare to the competent taxation authority for tax exemption, its goods shall be regarded as goods of domestic sale for calculation of the amount of output tax. Article 7 Materials for declaration for tax exemption and other matters: (I) Declaration materials 1. the electronic data of the deeply processed goods for carry-over (including detailed declared data and consolidated declared data); 2. the ¡°Consolidated Declaration Statement of Tax Exemption, Deduction and Refund Due to Export of Goods by the Production Enterprise¡± in quadruplicate (two pages shall be returned to the enterprise after the tax refund department has affixed its seal thereon, among which the enterprise shall preserve one page and submit another page to the tax levying department as an annex to the ¡°Value-added Tax Return¡± in that month; besides, one page shall be preserved for binding up the materials, and the last page shall be preserved by the tax refund department); 3. the ¡°Detailed Declaration Form on the Exemption of Tax from the Goods of the Production Enterprise¡± (deep processing carry-over) in quadruplicate (same as above); 4. statements and original vouchers bound up into a booklet in the following sequence: (1) the ¡°Consolidated Statement of Tax Exemption, Deduction and Refund Due to Export of Goods by the Production Enterprise¡±; (2) the ¡°Detailed Declaration Form on the Exemption of Tax from the Goods of the Production Enterprise¡± (deep processing carry-over); (3) the ¡°Application Form to the Customs of the People¡¯s Republic of China for Deep Processing Carry-over of Bonded Goods in Processing Trade¡± affixed with the seals of the customs (seal of the customs of locality of move-out and that of the locality of move-in) ( photocopy ); (4) the Declaration Form of Exported Goods which is affixed with the seal of the customs¡¯ check-over seal; (5) the Writing-off Forms of Export Proceeds in Foreign Exchange which is affixed with the seal of the foreign exchange administrative department; (6) the export invoices affixed with the seal of the enterprise (made under uniform supervision of the taxation authority); and (7) other materials required by the competent tax refund department. (II) Other Matters 1. The department of a production enterprise for declaring the income of deep processing carry-over for tax exemption, the time limit for declaration, the time of declaration, the declaration voucher, the term of preservation of materials, and the time limit for making up the documents listed in Items (3) through (6) in the preceding paragraph shall be governed by relevant provisions on tax exemption, deduction and refund due to export of goods by production enterprises. 2. If the goods carried over are declared to the customs in batches, the enterprise shall, when declaring for tax exemption, provide the original copy of the ¡°Registration Form on the Actual Carry-over of the Bonded Goods¡±, in addition. Article 8 The tax administration in other aspects for production enterprises to run deep processing carry-over business shall be governed by the ¡°Law of the People¡¯s Republic of China on the Administration of Tax Collection¡±. |
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