Guangdong: Accurate and direct tax rebates and tax reductions protect foreign trade companies. How will the foreign trade market be like in the second half of the year?

Because foreign trade epidemics and economic downturns have prevented foreign trade companies from being as prosperous as before, Guangdong has implemented tax reduction policies to protect the operations of foreign trade companies. With policy protection, the foreign trade industry will naturally flourish. As it develops, the market will get better and better. Since the beginning of 2020, the novel coronavirus epidemic has affected the global economic development, and many European countries have experienced economic downturn. This has also led to the deterioration of many foreign trade companies in our country, while domestic sales companies are booming. After Guangdong has policies to support foreign trade companies, the market conditions for foreign trade companies will improve. 1. The financial pressure on foreign trade companies has been alleviated

With Guangdong’s precise and direct policy of tax rebates and reductions, foreign trade companies’ tax expenditures will be significantly reduced, and the cash flow within the company will naturally increase. increase. Without the financial pressure, there will naturally be more things that can be done than before. Whether it is inventory or shipment, the financial pressure will be greatly alleviated. After all, taxation is not a small expense for foreign trade companies. 2. The competitiveness of foreign trade companies has been improved

Foreign trade companies need to include a series of taxes and fees such as tariffs when calculating costs, so the FOB price will be higher than the actual ex-factory price of the product. CIF is much higher than FOB. After tax reductions and rebates are obtained, CIF will be significantly reduced. After the price is reduced, the competitiveness will naturally be improved to a certain extent, and the market share will naturally have an advantage. (FOB: FOB price. CIF: CIF price) 3. The viability of foreign trade companies is guaranteed

When the foreign economic environment is not very good, the cost of goods exported by foreign trade companies will increase. As prices increase, prices will decrease, which is why many foreign trade companies cannot survive. With the tax reduction and rebate policy, the increased tax costs on goods prices will be reduced, the actual profits of foreign trade companies will increase, and foreign trade companies will also have a certain ability to protect themselves.