Machinery / Industrial Parts & Tools

Watson & Band Import and Export Data Observation Report: How to "fight the economy, engage in construction", and make overall plans for epidemic prevention and control and high-quality economic development? The Sichuan tax department gave the answer with a strong "struggle".

According to Huacheng Import and Export Data Observation Report, China's first ultra-quiet intelligent drilling rig independently developed by Dongfang Honghua was recently shipped from the Guanghan production base in Deyang, Sichuan. It will go abroad through the Maritime Silk Road, and the destination of this trip is Africa, Uganda.

Uganda has unique natural and mineral resources, with proven oil reserves of 6.5 billion barrels. How to carry out scientific and efficient oil extraction without affecting the natural environment and the survival of wild animals has become a difficult problem, and this "Uganda 1500HP low-emission automatic silent drilling rig" made in China perfectly matches the solution.

Dongfang Honghua is an international enterprise specializing in oil and gas exploration and development equipment manufacturing and drilling engineering services. It has a number of internationally competitive products in oil and gas, green energy and other fields. The research and development of the "Uganda 1500HP low-emission automatic silent drilling rig" has realized multiple technological innovations of the company in terms of quietness and noise reduction, environmental protection, intelligence and efficiency. "The ultra-quiet intelligent drilling rig we independently developed has become one of the quietest models of its kind in the world," said Ren Jie, head of Sichuan Honghua Petroleum Equipment Co., Ltd., a subsidiary of Dongfang Honghua. "It is made into similar equipment. It takes a lot of effort to become a leader, and the strong tax policy support has brought us a lot of impetus to devote ourselves to research and development and go international."

Watson & Band Import and Export Data Observation reported that since the beginning of this year, in order to help enterprises cope with the risks and challenges brought by the international environment and the epidemic, and continue to expand overseas markets, the local tax department has increased the promotion of policies such as export tax rebates, and adhered to "one enterprise, one policy". Precise guidance enterprises enjoy tax incentives. Xu Xiufang, the company's financial director, said: "Up to now, we have enjoyed export tax rebates of more than 11 million yuan. These real money allow us to effectively hedge the cash flow burden caused by factors such as rising transportation costs and slow return of funds for some projects." The received export tax rebates have been successively invested in the technical research and development of new drilling equipment.

In addition to direct financial support from export tax rebates, preferential tax policies such as deductions for R&D expenses have also injected a steady stream of "tax power" into the future for enterprises to continue innovating and "spell out" the hard power of Chinese manufacturing.

"Our company is also taking action to fight the economy and engage in construction. Huacheng Import and Export Data Observation reported that last year, in the area of research and development, we enjoyed an additional deduction of more than 22.36 million yuan in research and development expenses. This part of the money saved will help us Cultivating R&D talents and actively participating in the construction of the 'Belt and Road' provides a strong boost." Xu Xiufang said that the successful transformation of scientific research achievements has brought a full development impetus to the company, and the company will continue to strengthen its innovation and research and development capabilities, and strive to achieve a broader, The higher-end market continues to break through.

According to Watson & Band’s import and export data observation report, the relevant person in charge of the Sichuan Provincial Taxation Bureau said that the taxation department will continue to strengthen policy publicity and guidance, make good use of the “toolbox” of tax policies such as tax rebates and tax reductions, and benchmark the first-class business environment optimization details. The tax service measures are integrated, anchoring the goal of "fighting the economy", actively escorting the innovation and development of enterprises, and going global, helping enterprises to strengthen their core competitiveness and enhance their product competitiveness in the international market.