Qingdao Port would be eligible for tax refund policies for ports of departure as a port of exit as of April 1, according to a joint circular from the Chinese Ministry of Finance, the General Administration of Customs of the PRC and the State Taxation Administration, terminating the history of north China having no waterborne port of exit and expanding the scope of cooperation for Qingdao Port.

Tax refund policies for ports of departure are innovative practices for implementing export rebates. To be specific, outward goods transported via the port of departure to the port of exit for export are entitled to immediate application for tax refunds once their leaving the port of departure, evidence proving export has indeed happened, is confirmed. The policies have enabled export-oriented companies to spend much less time on tax refund application.

The approved supporting ports of departure for Qingdao Port comprise 16 ports across 7 municipalities and cities including Shandong, Liaoning, Hebei, Tianjin, Jiangsu, Guangxi and Hainan, namely Yingkou Port, Dalian Port, Qinhuangdao Port, Tangshan Port, Tianjin Port, Huanghua Port, Binzhou Port, Dongying Port, Weihai Port, Rizhao Port, Lianyungang Port, Dafeng Port, Qinzhou Port and Yangpu Port. (Liu Lanxing)

 A terminal in Qingdao Port. By Sun Jintao