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"With the Tax & Currency Communication System, we can complete the tax-related archival filing for outbound payments online in just a few minutes. It is so convenient," said Zeng Ximei, financial manager of Zhongshan Nature Home.

To further implement the electronic tax-related archival filing for outbound payments, Zhongshan Tax Service has been vigorously promoting the TCCS platform over the past 2 years. TCCS can handle common trade activities with more than 170 countries and regions around the world, instantly handle such tax-related businesses as tax-related determining, tax calculation, handling of preferential tax treaty (arrangement), and provide one-stop foreign exchange payment service for investors and practitioners from Hong Kong and Macao.

TCCS has been recognized by many enterprises after its launch in Zhongshan as it improves the efficiency of cross-border capital flows. In 2021, a total of 1,550 taxpayers in Zhongshan made outbound payments through the system.