Overseas Expansion Frontline | State Taxation Administration releases the Guidelines on Tax-related Services for International Transportation; the nu

Overseas Development Milestones

State Taxation Administration Releases Guidelines on Tax-Related Services for International Transportation

The State Taxation Administration recently released the first industry-specific cross-border tax guideline, *Guidelines on Tax-Related Services for International Transportation*, to provide full-chain, standardized and implementable tax compliance references for business entities engaged in cross-border transportation industries such as international maritime, aviation and land transportation. The guideline is divided into the "Bring-In Chapter" and "Go-Global Chapter". It distinguishes various transportation modes, and sorts out relevant tax-related matters from 8 dimensions including tax payment obligations, withholding obligations, taxable income, tax calculation, tax incentives, agreement benefits, tax handling processes and tax-related risk reminders, focusing on the core questions of "whether tax should be paid, what tax to pay, how much tax to pay and how to pay tax". Meanwhile, by compiling public tax-related cases to explain laws through practical examples, it intuitively reminds cross-border operating entities of tax risks. (People's Daily)

General Administration of Customs: Zero-tariff Policies Have Been Implemented for 63 Countries So Far

Statistics released by the General Administration of Customs on August 7 show that in the first seven months of this year, China's import volume of bulk commodities increased by 3% year on year, among which the import volume of metal ore sand increased by 8.2%. In the same period, the import of mechanical and electrical products reached 5.31 trillion yuan, up 29.7%, accounting for 41.9% of China's total import value. China actively expands independent opening-up, takes the initiative to expand imports, and promotes the balanced development of import and export. To date, zero-tariff policies have been implemented for 63 countries, and the import scale has steadily ranked second in the world for 17 consecutive years. (CCTV News)

Trainee Class on Vietnam's Industrial Digital Transformation and Intelligent Manufacturing Innovation Development Visits the International Reception Hall of BRICS Center

On August 5, the trainee class on Vietnam's industrial digital transformation and intelligent manufacturing innovation development visited the International Reception Hall of BRICS Center, and carried out in-depth docking and exchanges with key enterprises in Zhejiang Province. Focusing on the advantages of open platforms and industrial cooperation directions, the two sides carried out exchanges on key fields such as digital economy and green transformation, the coordinated development of special economic zones in Zhejiang and Vietnam, and strengthening digital cooperation under the BRICS framework, and discussed cooperation modes of normalized resource docking, two-way empowerment and mutual benefit. Relevant principals of the Management Committee of Hangzhou Qiantang New Area and the Secretariat of the BRICS Center respectively promoted and exchanged the policies of regional open platforms, the background and construction work of the China Cooperation Center for Special Economic Zones of BRICS Countries. The Vietnamese representatives promoted 7 local cooperation tracks including local business environment, intelligent manufacturing and digital infrastructure on site. (China Cooperation Center for Special Economic Zones of BRICS Countries)

New Market Observation

Number of South Korean Tourists Visiting China Continues to Grow

The latest statistics from the South Korean government show that from January to June this year, the number of South Korean tourists visiting China was about 1.714 million, up 16% year on year. The South Korean industry generally believes that China is a "nearby overseas tourist destination with good experience", and it is expected that the number of South Korean tourists to China will continue to grow in 2026. According to South Korea's *Dong-A Ilbo*, China is attracting attention from South Korean tourists as a "cost-effective tourist destination", and tourism products for traveling to China continue to expand. In particular, China has implemented a visa-free entry policy for South Korean citizens for up to 30 days since November 2024, which saves South Korean tourists the relevant costs such as visa application fees and greatly reduces travel costs. (CLS)

Indonesian E-Commerce Enterprises to Collect Income Tax for Sellers on Behalf Starting from November 1

The Indonesian Directorate General of Taxes said on the evening of August 5 that after Jakarta postponed the plan for the second time to boost purchasing power, all e-commerce platforms in Indonesia will levy income tax on the income of sellers on the platforms starting from November 1. The Indonesian Directorate General of Taxes stated: "This postponement of implementation is to maintain the purchasing power of the people against the background that the government is currently focusing on the current economic situation." The Directorate General of Taxes added that the income tax already collected from sellers will be refunded. (Sina Finance)

Promoting Investment, Stabilizing Industry and Expanding Foreign Trade: Key Points for the Second Half of Local Economic Development

Recently, various regions have intensively deployed economic work for the second half of the year, focusing on promoting the planning and construction of the "Six Networks", realizing the stable growth of the industrial economy, and fully stabilizing the basic market of foreign trade, and relevant measures will be implemented one after another. (Shanghai Securities News)

Company Updates

Jiaxian Communications Participates in NVIDIA's 6G AI-RAN Base Station R&D, Tongyu Communications Plans to Acquire 25% Equity with 300 Million Yuan

Sources close to the core of the communications industry chain revealed that NVIDIA is accelerating its entry into the telecom operator market and is looking for base station manufacturer partners in China to develop 6G base stations that meet the requirements of overseas markets. The source described that NVIDIA is looking for the "next Innolight" for end-side computing power, because NVIDIA believes that computing power will need to be transmitted from data centers to massive AI terminals and users in the future, which ultimately relies on the wireless transmission of base stations. The above-mentioned person said that NVIDIA is pushing this project at a "relatively urgent" pace, hoping to enter the trial network in 2027 or 2028. The reporter also learned that Shenzhen Jiaxian Communications is participating in the cooperative development of NVIDIA's 6G AI-RAN base station. An internal person from Jiaxian Communications confirmed to the reporter that the two sides have been in contact since 2025, and are currently carrying out 6G AI-RAN base station R&D cooperation based on NVIDIA's CUDA ecosystem, and the cooperation between the two sides has lasted for more than half a year. Founded in 2011 and headquartered in Shenzhen, Jiaxian Communications is a provider of AI-RAN wireless communication products and solutions. On August 4, Tongyu Communications announced that the company plans to acquire about 25% equity of Jiaxian Communications with 300 million yuan. (Jiemian News)

Chery to Invest 75 Million US Dollars in South Korean Legacy Automaker to Accelerate New Vehicle Development and Autonomous Driving Cooperation

Local time on August 3, South Korean automaker KGMobility (KGM) announced that it has signed a strategic investment agreement with Chery Automobile. According to the agreement, Chery will invest 75 million US dollars in KGM, and carry out or expand cooperation in areas such as accelerating new vehicle development, autonomous driving, and cutting-edge electrical and electronic (E/E) architecture based on SDV (Software Defined Vehicle). In addition, the two companies also discussed specific cooperation plans in new business areas beyond automobiles in the future, focusing on businesses such as robotics and semiconductors. (Sina Finance)

Microsoft Launches Its Fourth Cloud Region in India to Expand AI Infrastructure Layout

Microsoft announced that its Hyderabad cloud region in Telangana, India, has officially been put into operation, bringing the number of cloud regions operated by Microsoft in India to 4, further expanding its local ultra-large-scale cloud infrastructure layout. In the early access stage, the region has received demands from Indian enterprise customers, including Adani Group, Bajaj Finserv, HDFC Bank and PB Pay, etc. (CLS)

Industry Trends

Ministry of Industry and Information Technology: By 2030, the Restructuring and Integration of Enterprises Will Be Promoted in an Orderly Manner, Forming 3 to 5 Large Civil Explosive Enterprise Groups with Strong International Operation Capability

The Ministry of Industry and Information Technology has issued the *15th Five-Year Plan for the Safe Development of the Civil Explosive Materials Industry*. It points out that by 2030, remarkable results will be achieved in industry governance. The restructuring and integration of enterprises will be promoted in an orderly manner, the industrial concentration will continue to increase, and 3 to 5 large civil explosive enterprise groups with strong international operation capability will be formed. The "involution" in the industry will be effectively prevented, and the benefits of enterprises and the income level of employees will steadily improve. Green manufacturing technologies will continue to be upgraded, and green factories will develop rapidly. International cooperation will be increasingly deepened, and the overseas service capabilities of enterprises will be significantly improved. (36Kr)

Trump Announces Tariffs on Polysilicon and Its Derivatives

Local time on August 6, US President Trump signed an executive order, taking measures of minimum import price and additional tariffs on imported polysilicon and its derivatives in accordance with Section 232 of the *Trade Expansion Act of 1962*, to support the domestic polysilicon, semiconductor and solar energy supply chains in the United States. The announcement stipulates that the minimum import prices are: 21 US dollars per kilogram of polysilicon; 100 US dollars per kilogram of polysilicon ingots and wafers; 0.22 US dollars per watt of solar cells; 0.38 US dollars per watt of solar modules. Meanwhile, the United States will impose an ad valorem tariff of 15% on polysilicon ingots and related derivatives listed in the annex to the announcement. The relevant measures will take effect at 12:01 a.m. Eastern Time on December 4, 2026. (CCTV News)

Over 100 Pharmaceutical Enterprises Release First-Half Performance Forecast, Overseas Expansion and Value Realization of Innovative Drugs Become the Main Line

Wind data shows that as of August 3, a total of 104 A-share pharmaceutical and biological companies have disclosed their 2026 semi-annual performance forecasts. Judging from the upper limit of the expected net profit, 58 companies expect their attributable net profit to the parent company to grow in the first half of this year, among which 28 expect the year-on-year growth of attributable net profit to exceed 100%. Analysts believe that at present, the overseas expansion and value realization of innovative drugs have become the core focus, and the market has increasingly strict requirements for the quality of licensing cooperation, paying more attention to the gold content of down payment, the strength of partners and the solidity of clinical data. Pharmaceutical enterprises that can achieve overseas commercialization with leading products and have continuous innovation capabilities will be more favored by the market. (China Securities Journal)

This article is from the WeChat official account "Zhejiang Enterprises Overseas Integrated Service Port".