Li Xingqian, director of the Department of Foreign Trade of the Ministry of Commerce, said at a news conference held on April 10 at the State Council ’s new office that it would suspend the collection of tax deduction interest for domestic sales of processing trade and temporarily exempt it from the end of the year. When processing trade imports of bonded imported materials or finished products for domestic sales, in addition to paying the import link tax according to the regulations, tax deferred interest is also required, temporarily suspending the processing trade domestic deferred tax interest from April to the end of this year, which can reduce the enterprise ’s Domestic sales costs alleviate the company’s financial pressure.

(Originally entitled “Ministry of Commerce: Temporary Exemption of Domestic Trade Tax Deferred Interest for Processing Trade from April to the End of this Year”)