On the morning of August 4, bags of powdered milk piled up in the delivery warehouse of Righton Trading Co Ltd in the Zhongbao Logistics Bonded Warehouse in Gangkou Town.

As a leading importer and distributor of dairy products in Southern China, Righton was hit hard by the epidemic this year and its financial situation was under great pressure. With the help of the General Administration of Customs and Gongbei Customs District's "10+28" measures to promote the steady growth of foreign trade, the company was allowed to delay tax payment of over 24.7 million yuan.

After turning the corner, its business has been steadily recovered, and the import volume of dairy products is expected to increase this year.

To encourage foreign investors to expand their investment in China, a tax deferral policy was implemented for profits obtained by foreign investors from domestic resident enterprises for domestic direct investment, and have not levied enterprise income tax since January 1, 2017.

Since the implementation of the policy, Zhongshan has promoted more than 1.72 billion yuan of reinvestment of foreign capital profits, and a total of 15 enterprises have enjoyed a preferential enterprise income tax of 172 million yuan.