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A New Breakthrough in Financial Leasing Tax Policy MSFL Ocean Engineering Structure Received the First Domestic Tax Refund on the Export of Financial Leasing Goods
On October 21, 2012, MSFL created another record in China’s financial leasing industry. After the official release and implementation of the policies known as Notice by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation on the Trial Implementation of the Policy of Tax Refund on the Export of Financial Leasing Goods in Tianjin Dongjiang Free Trade Port Zone and The Administrative Measures by the State Administration Concerning Taxation on Tax Refunds on the Export of Financial Leasing Goods in Tianjin Dongjiang Free Trade Port Zone, the MSFL Project Company in Tianjin Dongjiang Free Trade Port Zone successfully received the tax refund on the ocean engineering structure. As the first of its kind in China, the tax refund has solved the taxation problem that has curtailed the development of the financial leasing industry in China. It symbolises a new breakthrough in the financial leasing tax policy. It also indicates that China’s tax policy environment for the financial leasing industry has improved significantly, and is ready to provide support to the financial leasing industry in its efforts to facilitate, through various financial leasing products and methods, the export of Chinese products through the Chinese manufacturing industry.