Views: 0 Author: Site Editor Publish Time: 2025-03-31 Origin: Site
On March 28, 2025, China's five major government departments jointly issued an announcement to comprehensively strengthen the supervision of "Buying Bill Export (Export without VAT)" for steel. "Buying Bill Export" refers to enterprises evading taxes through third-party customs clearance qualifications, false contracts, low-priced invoices or underground foreign exchange settlement, which is extremely risky. Such operations have occurred frequently since China canceled the steel export tax rebate policy in 2021. Although they were once regarded by some companies in the industry as a "gray channel" to reduce costs, they violated tax laws and regulations from the beginning and posed serious compliance risks and uncontrollable legal risks.
The new regulations make it clear that export enterprises must complete tax registration before customs declaration, and must complete tax clearance procedures before cancellation. Enterprises that rely on the "buying bill" model will face seizure, fines or even suspension of business, which may result in customer advance payment losses, order delays, and procurement security concerns.
As a compliant stainless steel pipe manufacturer in China, SMLSCO has complete export qualifications and a rigorous tax system. It always adheres to legal operations to ensure the safety of funds and stable delivery of global customers.
Many customers have turned to SMLSCO to ensure procurement compliance and risk control.
Cooperating with SMLSCO means you have chosen a safer and more reliable future. If you have any questions, please feel free to contact us.
