New tax rebate policy will help exports

Measure aids trade growth and SMEs to better tap global market, say insiders

A new policy to allow trade service companies to apply for tax rebates or exemptions for export goods will help expand trade growth and encourage domestic small and medium-sized enterprises to better tap the international market, industry insiders said.

Trade service companies will be allowed to apply for tax rebates or exemptions after they sign contracts with small and medium-sized enterprises to sell goods to the overseas market, according to the policy introduced by China's top taxation watchdog.