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    Home > Coatings News > Paints and Coatings Market > Businesses . . . The biggest tax refund ever! Wanhua Chemical 165 million VAT to offset tax refund to the account!

    Businesses . . . The biggest tax refund ever! Wanhua Chemical 165 million VAT to offset tax refund to the account!

    • Last Update: 2020-05-28
    • Source: Internet
    • Author: User
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    recently, from Yantai Development Zone was informed that Wanhua Chemical Group Co., Ltdreceived 165 million yuan of vat incremental retention tax rebate, which is also the VAT retention tax rebate policy since the implementation of Yantai City's largest single tax refund" 2018 VAT rebate, Wanhua Group's chlor-alkali company to enjoy the city's first 45.7 million tax rebateDuring this year's outbreak, the Ministry of Finance and Taxation issued a policy for the production enterprises of key protection materials for epidemic prevention and control to apply for a full monthly refund of the incremental value-added tax allowance, and we received a single maximum tax refund of 165 million yuan"Wanhua Chemical Finance Department head Zhuang Chaowu introduced, the availability of funds effectively alleviated the impact of the current epidemic under the financial pressure, to reduce the burden of enterprises, promote the transformation and upgrading of industrial structure is essentialSince the outbreak of, yantai development zone many enterprises are more or less faced with a series of problems such as difficult to resume work, lost orders and default, enterprises urgently need working capitalThe tax department for the special nature of export tax rebate declaration, take one-to-one telephone tracking guidance and policy guidance services and other targeted measures, through the "non-contact" "do not meet" form, further compress the export tax rebate audit, approval, tax rebate and other aspects of the completion time limit, for export enterprises to open a "green channel", so that export enterprises enjoy more efficient and intimate services" not only during the outbreak, in 2019, Wanhua Chemical Group enjoyed various tax cuts and fee reduction policy dividends amounted to 260 million yuanContinuous tax reduction and fee reduction policy support for enterprises to promote the industrial layout as soon as possible to complete, promote the company's medium- and long-term steady development has provided great supportZhuang Chaowu said that although the current outbreak is not over, but Wanhua Global Innovation Center, million tons of ethylene project, Wanhua Yantai Industrial Park project phase III and other projects under construction, including ethylene project using the most advanced international technology and Wanhua independent research and development of environmental protection technology, is committed to building the highest level of ethylene industry chain, to fill the domestic gap, break the foreign monopoly" tax department stoushei really put tax preferential policies in place, cash in place, to ensure the full release of enterprise capacity, sustained and steady development, to serve the construction of the free trade pilot zone and the overall situation of local economic development"The head of the tax bureau of Yantai Development Zone said that since the outbreak, Yantai Development Zone tax department has continuously strengthened the implementation of tax concessions, so far a total of 179 million yuan in vat incremental tax rebates, 796 million yuan in export tax rebates, 73.19 million yuan in tax relief, 187 million yuan for deferred tax payment, through the "tax and bank interaction" for enterprise loans 34.18 million yuan
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