General Administration Of Customs And The State Administration Of Taxation News

China will expand a scheme to speed up tax refunds for companies that export via a Shanghai port, the government said on Thursday, as it looks to boost the city's role as an international shipping centre. Exporters that send products abroad via Shanghai's Yangshan deep water port, will from next month be able to recoup some taxes as soon as ships set sail for Shanghai from feeder ports in Nanjing, Suzhou, Lianyungang, Wuhu, Jiujiang, Qingdao, Wuhan and Yueyang. Previously only Qingdao and Wuhan were included in the scheme, with tax refunds on goods sent from other ports of origin only paid when cargoes eventually left Shanghai. "It's good for (exporters) because they can get their money back earlier…