What does the new international shipping policy bring to Guangdong-Hong Kong-Macao Greater Bay Area?

Guangdong-Hong Kong-Macao Greater Bay Area welcomes the "gift package" of the new international shipping policy. The the State Council executive meeting held a few days ago decided to give certain tax incentives to the international shipping insurance business in Nansha Free Trade Zone from June this year 10 to the end of 2023; Starting from 10 and 1, the port of departure tax rebate policy will be implemented for parallel imports with 37 ports in 9 cities in the Pearl River Delta and Nansha Bonded Port Area and Qianhai Bonded Port Area as the ports of departure, so as to reduce the capital cost of enterprises.

Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, believes that the implementation of the new international shipping policy will promote the formation of Guangdong-Hong Kong-Macao Greater Bay Area's international shipping core industrial chain, promote Greater Bay Area's internal circulation and external circulation facing the world, and leverage each other to promote Guangdong-Hong Kong-Macao Greater Bay Area's further high-level opening up and enhance its ability to resist external economic risks.

Tax refund at port of departure

Exempt enterprises from the waiting period of tax refund for half a month.

The tax refund policy of the port of departure that landed this time is actually an innovative reform measure of the export tax refund procedure. In the past, enterprises could only refund taxes after transporting domestic goods to export ports and going through customs clearance procedures. Such export ports are usually seaports and hub ports, such as Nansha Port.

After the implementation of the tax refund policy at the port of departure, domestic goods can go through the tax refund formalities after leaving the port of departure. The port of departure is generally a small pier, such as Foshan Port, Zhaoqing Port and Jiangmen Port. In the eyes of the industry, this is equivalent to extending the function of the export port to the inland river port.

"According to the previous export tax refund procedures, the goods can only be refunded after leaving Nansha Port. Counting the time of barge sailing and customs clearance, the shipowner will have to wait at least half a month to get the tax refund. " Hong Yibin, manager of the business development department of Nansha Port Company of Guangzhou Port, said that under the tax refund policy of the port of departure, the goods can be refunded as soon as they leave the port of departure, which is conducive to the capital flow of enterprises and accelerates the capital turnover of enterprises.

In Bai Ming's view, China's preferential tax refund policy for the port of departure will be better implemented in Guangdong-Hong Kong-Macao Greater Bay Area. In fact, the preferential tax refund policy at the port of departure can be implemented. An important prerequisite is unified supervision and efficient tax refund service in the region. "Guangdong-Hong Kong-Macao Greater Bay Area's implementation of the preferential tax policy for the port of departure is conducive to Greater Bay Area's further high-level opening up."

At present, the detailed rules for the implementation of preferential tax policies at the port of departure have yet to be worked out. But looking ahead, Greater Bay Area will also face new development opportunities.

Taking Nansha Port Area as an example, Hong Yibin believes that the tax rebate policy of Qiyun Port covers 37 ports in 9 cities in the Pearl River Delta, which will significantly enhance the attractiveness of Nansha Port Area to foreign trade import and export enterprises and shipping enterprises in the Pearl River Delta, help enterprises export goods through Nansha Port Area, effectively enhance the competitive advantage of Nansha Port Area, and effectively enhance the agglomeration and radiation effect of Nansha Port Area on Guangdong-Hong Kong-Macao Greater Bay Area.

The relevant person in charge of the Port Office of Nansha District in Guangzhou believes that the implementation of the tax refund at the port of departure will give full play to the radiation-driven role of Guangdong-Hong Kong-Macao Greater Bay Area Nansha Free Trade Zone and Nansha Comprehensive Insurance Zone, attract export goods to gather and export to Nansha Port, expand the international freight volume, and promote the effective growth of transshipment and LCL business in Nansha Port. At the same time, this policy is also expected to attract more foreign trade enterprises and shipping logistics enterprises to gather in Nansha, effectively enhancing the status of Nansha shipping hub as a bearing area.

tax preference

Attract the development of the insurance industry.

The implementation of preferential tax policies for international shipping insurance in Nansha Free Trade Zone will bring opportunities for Guangdong-Hong Kong-Macao Greater Bay Area to improve the shipping insurance market.

From a national perspective, according to industry sources, many property insurance companies have set up shipping insurance franchises in Shanghai, the highland of international shipping insurance tax preferential policies, and concentrated shipping insurance business originally distributed in other port cities in Shanghai to take orders.

According to the data, by the end of 20 19, Guangdong's freight insurance premium income was 4447 10 million yuan, and the ship insurance premium income was 433.35 million yuan, of which the international freight insurance premium income was 654.38+67.29 million yuan and the international ship insurance premium income was 204.05 million yuan. However, due to the tax policy, some international shipping insurance businesses have been transferred to tax preferential areas for billing.

"After the preferential tax policies for international shipping insurance landed in Nansha, enterprises no longer need to go further and further, and the shipping insurance business is expected to return to Nansha." Yang Jinghua, deputy section chief of goods and services tax department of Guangzhou Nansha District Taxation Bureau, said that this will also help attract more insurance companies to gather in Nansha and provide more convenient services for international freight enterprises.

At present, the scale of logistics industry in Nansha Port ranks among the top in China, and the development prospects of high-end shipping services such as shipping insurance are broad. Last June, the first online shipping insurance factoring trading platform in China was officially launched in Nansha. By June of this year, the cumulative trading volume of inland river ship insurance was 102, the cumulative premium amount was 7120,000 yuan, and the cumulative risk trading insurance amount was about 440 million yuan.

"Preferential insurance tax policies will enhance the competitiveness of Nansha Port in this market." Jiang Jun, deputy director of the Finance Bureau of Nansha District, admitted frankly that in the past, due to tax policies, there were fewer insurance institutions undertaking international shipping insurance business in Nansha, and the business scale was also small.

But the New Deal will bring new opportunities. "At present, the preferential shipping policies can be mainly divided into' Shanghai version' and' Shenzhen version', and which model Nansha will adopt remains to be further refined." Jiang Jun revealed that the Nansha District Financial Bureau will follow up the implementation of supporting policies and strengthen overall planning. "Promote more insurance institutions with international shipping insurance business to land and gather in Nansha, and at the same time strengthen cooperation with professional institutions such as Shanghai Insurance Exchange to help Nansha build a shipping hub."

"For Nansha Free Trade Zone, international shipping business accounts for a very large proportion." According to Pan Helin, executive dean and professor of Digital Economy Research Institute of Zhongnan University of Economics and Law, the preferential tax policies for international shipping insurance business will not only promote the development of international shipping insurance industry, but also promote the development of international shipping logistics industry. Convenient logistics will drive the free flow of other factors and promote the development of free trade in Guangdong-Hong Kong-Macao Greater Bay Area.