In order to regulate the tax rebate administration in the future foreign exchange collection for the export goods of export enterprises, the State Administration of Taxation and the State Administration of Foreign Exchange issued the Notice of the State Administration of Taxation and the State Administration of Foreign Exchange on the Relevant Issues about the Export Tax Rebate for the Export Goods under Future Foreign Exchange Collection (the “Notice”), and decided to implement the archival filing certification administration to the declaration of export tax rebate for the future foreign exchange collection for the export goods of exporting enterprises.

The Notice states that “future foreign exchange collection” refers to the foreign exchange collection in export in which the anticipated date for foreign exchange collection is 180 days or more than the date of customs declaration according to the current provisions on foreign exchange control. Under the Notice, when the exporting enterprise declares a tax rebate for the export goods for which future foreign exchange collection has been conducted, and the anticipated date for foreign exchange collection has not gone by, it may provide a Certificate on Archival Filing of Future Foreign Exchange Collection (Future Certificate, a format of which has been provided in the annex to the Notice) as issued by the local foreign exchange bureau, and does not need to provide the special export tax rebate page of the verification and settlement form for foreign exchange collection in export. Upon acceptance, the taxation authority shall examine and approve the tax rebate for export goods according to the current provisions on export tax rebate. The Notice also requires the taxation authority to establish a ledger management system to administer the provision of Future Certificate by export enterprises.

The Notice took effect as of December 1, 2006.