Shanghai's tax authorities introduced 11 measures to support higher-level opening-up in the city's Pudong New Area in March. Over the past four months, these measures have significantly expanded their policy impact, effectively stimulating the vitality of foreign trade and investment.

The measures have directly reduced operational costs for enterprises engaged in cross-border trade. Shanghai OmniVision Group, a designer and seller of integrated circuits with products mainly exported to Asia and Europe, has benefited substantially.

The company's financial officer calculated that in 2025, with offshore trade volume reaching 3.69 billion yuan ($517.56 million), the exemption of stamp duty on offshore trade transactions saved the company 1.1 million yuan. The policy has not only improved capital utilization efficiency but also boosted the company's international competitiveness.

In the biopharmaceutical sector, Pudong has pioneered the implementation of tax-related measures for U.S. Food and Drug Administration (FDA) small enterprise certification, assisting small and medium-sized pharmaceutical companies in enjoying fee reductions for overseas certification, which positions Pudong as a leader nationwide in providing compliant "going global" services for enterprises.

The new measures have given an impetus on inbound consumption. Shanghai Florentia Village, one of the first pilots in the city for refunding upon purchasing service, has attracted numerous inbound travelers due to its comfortable shopping environment, diverse product offerings, and proximity to Pudong Airport. In the first half of the year, the number of tax refund transactions at Shanghai Florentia Village nearly doubled year-on-year, with sales increasing by 133.9 percent.

Recently, with the approval of China's State Council, seven departments including the National Development and Reform Commission and the State Taxation Administration jointly issued a document encouraging foreign investors to reinvest in China.

Leveraging the 11 measures, several multinational corporations have benefited from deferred tax payment on reinvestment and mechanisms for negotiating unilateral and bilateral advance pricing arrangements, boosting their confidence in investing in China.

KRISH (Shanghai) International Logistics Co Ltd, a wholly foreign-owned enterprise specializing in global transportation of heavy cargo and international logistics services for general goods, successfully completed deferred tax payment on reinvestment exceeding 6.6 million yuan this year. The company's legal representative stated, "The efficient services and preferential policies from the tax authorities have made us deeply feel the convenience and advantages of investing in China, strengthening our confidence in continuous investment and development here."