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Tax benefits boost 'Five Blessings', kick into Qatar World Cup

2025-05-15

We have just completed a large order from Qatar! More than 70000 sets of painted doors, with a total value of over 70 million yuan! "Recently, Yan Hongke, Chairman of Zhejiang Jiangshan Wufu Door Industry Co., Ltd., excitedly told reporters that the company's domestic and international sales revenue has increased by 130% year-on-year, and it is expected that the annual sales revenue will exceed 110 million yuan.

This batch of painted doors is mainly used for the construction of athlete dormitories and competition venues for the 2022 Qatar Football World Cup, and is the largest foreign trade order for the company since its establishment in 2006. Yan Hongke candidly stated that the path of overseas development is not smooth sailing. In the early stages, companies have the idea of "going global", but due to a lack of understanding of overseas industry development and tax policies, they have not taken any action.

At a tax enterprise symposium organized by the tax department of Jiangshan City, Wufu Door Industry proposed the idea of entering overseas markets, and the tax department stated on the spot that it will provide good tax services. The next day, a tax counseling team took the initiative to connect with the enterprise, and this group has been for several years.

Now, every year, more than 300000 sets of wooden doors of Wufu Door Industry are shipped overseas through Zhoushan Port, winning a batch of high-quality customers in Russia, India, Romania and other countries along the "the Belt and Road". Looking back at the development path of these years, the credit of the tax department is really indispensable! "Said Cai Aifang, the financial director of the company, with emotion." Since the beginning of this year, the company has enjoyed an export tax rebate of 8 million yuan, and the application can be received on the same day. We can have more working capital for research and development investment, purchase and upgrade production equipment

It is reported that the Jiangshan Tax Bureau has implemented the "Three Ones" export tax rebate policy for foreign trade enterprises, which means reporting one batch, reviewing one batch, and refunding one batch. Enterprises declare on the same day, and the tax department accepts, reviews, and completes them on the same day. The efficiency of tax rebate declaration has been improved by 30%, which maximally alleviates the capital turnover problem of foreign trade enterprises and helps Jiangshan wooden door enterprises stand out in the fierce industry competition by taking advantage of the trend of tax reduction and fee reduction.

The development of Wufu Door Industry is a microcosm of the traditional door industry opening up overseas markets. With the support of the tax department, the "going global" path of the imperial family business has become increasingly smooth.

"In the context of the national 'the Belt and Road' initiative, it is an inevitable trend for enterprises to 'go global', and we have also been studying it. Now we regard Vietnam as a 'bridgehead' for overseas operations, which also stems from an opportunity." said Ye Xiaorong, chairman of the Imperial Door Industry.

The "opportunity" mentioned by Ye Xiaorong is a special coaching session for "going global" enterprises regularly organized by the tax department of Jiangshan City. At the meeting, tax officials preached and interpreted more than 10 export tax rebate policies and international tax policies to enterprises, and organized discussions on the international market situation. Tax enterprises worked together to provide advice on how to better "go global".

It was during the special coaching session that Ye Xiaorong obtained a lot of information and materials about the Vietnamese market, and ultimately made the decision to develop the Vietnamese market. Speaking of this matter, Ye Xiaorong's face was filled with a smile: "The expansion of the Vietnamese market has been very smooth, and we have to thank the tax department for bridging the gap and realizing our company's dream of sailing overseas

It is reported that there are over 300 door industry enterprises in Jiangshan City, including 36 wooden door export enterprises. With the further increase of burden reduction policies and the upgrading of tax and fee services, Jiangshan's door industry has formed a high-quality development industrial cluster, and tax power will help wooden door enterprises set sail again and ride the waves.