Golden Tax Phase IV is a reform project of the State Taxation Administration of China, mainly aiming at the optimization and modernization of the tax collection and management process. The benefits of Golden Tax Phase IV for foreign - trade enterprises are as follows in 5 aspects:
Restrictions on exports to Russia may vary depending on national policies and laws. Generally, restrictions on exports to Russia include the following:
Import inspection is a prerequisite for cargo customs clearance. Currently, import inspection consists of three main parts: 1. Declaration; 2. Sampling; 3. Inspection.
FCA stands for Free Carrier. Translated into Chinese, this term means delivered to carrier. Typically, the exporter delivers the goods to a specified location, where a designated carrier, appointed by the importer, will collect them.
FOB is the abbreviation of Free On Board, also known as free on board and delivery on board. Usually, when the goods cross the ships rail at the designated port of shipment, the exporter has fulfilled its delivery obligation.
EXW, short for EX Works, is called Ex - Works (named place). Usually, the exporter has fulfilled its obligation to deliver the goods when it places the goods at its business premises or other designated places (factory, warehouse) for the importer to take delivery.
The most significant feature of Golden Tax Phase IV is the establishment of a comprehensive enterprise information verification system. After its implementation, businesses must strengthen tax awareness and compliance management, prudently reduce tax burdens, and mitigate tax risks.
Import agents should pay special attention to the issue of cargo ownership. After negotiation between the cargo owner and the import agent, an import agency agreement should be signed, which should include provisions on cargo ownership to avoid disputes arising therefrom.
Avoiding Traps in Determining the Attributes of Pressure Vessels
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