Minsheng gets first export tax rebate for financial leasing cargo in China

Tianjin: Minsheng Financial Leasing recently got an export tax rebate of RMB81.94m from Tianjin State Taxation Administration –  the first tax rebate deal for financial leasing of cargo in China.

The State Taxation Administration has put Tianjin Dongjiang Bonded Area as a pilot in August this year under its export tax rebate policy for financial leasing cargo and will keep offering favourable tax policies for financial leasing companies registered in Dongjiang Bonded Area.

Currently there are 334 financial leasing companies registered in Dongjiang Bonded Area with a total financial leasing asset of US5.568bn, involving more than 100 aircrafts and more than 30 vessels. [26/10/12]

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