On trade in goods, trade in the foreign exchange management system reform announcement

                                                    State Administration of Taxation of the State Administration of Foreign Exchange Administration of Customs

                                                            The announcement on trade in goods, trade in the foreign exchange management system reform

                                                                                                                                SAFE Notice 2012





Vigorously promote trade facilitation, trade in goods, trade in foreign exchange services and management, the State Administration of Foreign Exchange, the General Administration of Customs, the State Administration of Taxation decided to further improve the implementation of trade in goods, trade in the foreign exchange management system reform in the country since August 1, 2012, and corresponding adjustment of the export customs clearance processes, optimize the upgrade export proceeds and the export tax rebate information sharing mechanism. Notice is as follows:
Reform trade in goods, trade in foreign exchange management methods
From the date of the reform, the abolition of a single export verification (hereinafter referred to as verification), the enterprise is no longer for export verification formalities. The State Administration of Foreign Exchange branches (hereinafter referred to as the foreign exchange bureau) to change the non-trade foreign exchange write-off management style case by case basis by the site-site total verification. Foreign exchange bureau through trade in goods, trade in foreign exchange monitoring system, a comprehensive collection of import and export of goods and trade foreign exchange revenue and expenditure transaction data on a regular basis than the right, to assess corporate goods and funds overall match, facilitate compliance enterprise trade foreign exchange receipts and payments; the existence abnormal enterprises focus on monitoring and, if necessary, the implementation of the on-site verification.
Second, the enterprise implementation of dynamic category management
According to the the enterprise trade foreign exchange receipts and payments, compliance and consistency of the import and export of goods, the foreign exchange bureau enterprises are divided into three categories A, B, C. Class A enterprises import payment documents simplification can get any kind of import declarations, contracts or invoices can prove the authenticity of the transaction documents directly handled in the bank and payment of export proceeds without online verification; bank receipt and payment audit procedures simplified. B, C class enterprises in trade foreign exchange income and expenditure documents audit, type of business, clearing way to the implementation of strict supervision and B class enterprise trade foreign exchange receipts and payments by the bank to the implementation of electronic data verification, and the C class enterprise trade foreign exchange receipts and payments shall be subject to foreign exchange Bureau of case registration handle.
Foreign exchange bureau, according to the enterprises in the the classification regulation period to comply with the foreign exchange regulations, the dynamic adjustment. A class of enterprise, in violation of foreign exchange regulations will be downgraded to a Class B or Class C; B-class enterprise compliance situation did not improve in the classification regulatory period will be extended for classification supervision period or downgraded to Class C; B, C class can be upgraded to Class A corporate compliance period of the classification regulation law-abiding business, after the expiration of classification regulation.
Third, the adjustment of the export declaration process
Reform of date, no longer write off a single enterprise for export customs clearance.
To simplify the export tax rebate certificate
Export goods declaration since August 1, 2012 (the Customs export goods declaration [export tax rebate] "specify the date of export shall be the same below), declaration of export tax rebates, the export enterprises no longer provide verification single; the enterprises export proceeds IRD reference foreign exchange bureau information and classification, in accordance with relevant regulations, the audit enterprises export tax rebate.
August 1, 2012 declaration of exports of goods, not yet reached as of July 31 the export verification deadline for export tax rebates and no write-off, in accordance with the first paragraph.
August 1, 2012 the customs export of goods, as of July 31, not yet reached the export verification period but the relevant regulations have been written off and to export verification period, according reform export tax rebate before .
V. export proceeds overdue to write off business processing
August 1, 2012 the customs export of goods, as of July 31 to export verification deadline, enterprises should be no later than July 31 for export verification formalities. Since August 1, the foreign exchange bureau no longer handle the export verification formalities, the verification form is no longer issued. Enterprises do need foreign exchange bureau issued by the relevant exchange earnings proof, the foreign exchange bureau reference to the supervision of the relevant provisions of the original export verification cases are processed.
Sixth, strengthen departmental joint supervision
Enterprises should strictly abide by the relevant provisions to enhance the awareness of integrity, strengthen self-discipline management, consciously law-abiding operators. The State Administration of Foreign Exchange and the General Administration of Customs, State Administration of Taxation will further strengthen cooperation and data sharing; improve the coordination mechanism, the formation of regulatory efforts; crack down on all kinds of illegal cross-border capital flows and smuggling, tax fraud and other illegal activities.
This announcement relating to foreign exchange management, export declaration, export tax rebates and other specific matters, and as otherwise provided by the relevant departments. Regulations inconsistent with this announcement before this announcement shall prevail. Since August 1, 2012, all listed in the annex of this announcement and regulations annulled.
Notice is hereby given.





State Administration of Taxation of the State Administration of Foreign Exchange Administration of Customs
June 27, 2012