If the goods are produced by companies in the center and exported directly or sold to other companies in the center, no value-added taxes or consumer taxes will be levied.
Any domestic goods in the center's bonded warehouses are treated as exports with the right to apply for a tax rebate. The center provides bonded warehousing for imports as well, including delivery and distribution.
Xi'an, located in the West China, enjoys the preferential policies promulgated by Chinese government for the West China Development in addition to the national preferential policies for foreign investment. Meanwhile, the local government, too, has issued and implemented some peculiar preferential policies to attract foreign investment.
For import and export with enterprises outside the zone, enterprises in the zone are not responsible for collection verification and writing-off proceeds in terms of offshore enterprises. Enterprises outside of the zone within China are responsible for collection verification and writing-off proceeds.
For enterprises within the zone, warehousing logistics cargo, office supplies used in-house and raw materials used for export processing that come from abroad are exempt from compulsory certification.
The free trade zone places no limit on storage items and time. Under the instruction of the owner who holds the rights in rem, cargo in the bonded warehouse is free from value-added tax or consumption tax in terms of delivery or marketing in the zone, other special supervision areas or regions abroad, either with or without simple processing.
Job applicants visit a provincial job fair at Qujiang International Conference and Exhibition Center in Xi'an, Northwest China's Shaanxi province on Feb 23.
An international grain and oil summit hosted by Xi'an municipal government and China Vegetable Oil Association was held on Feb 22 and 23 for further cooperation among the countries along the regions of the Belt and Road Initiative.
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