The Notice requires local commerce authorities to implement specific workflows for the tax credit policy on overseas investors' direct investment using profit distributions, rigorously perform eligibility reviews and regulatory duties, and enhance information sharing. Key procedures are as follows:

• Investment filing procedures

1. Overseas investors shall, via the invested enterprise, submit the required information and supporting documents through the “Profit Reinvestment Tax Deferral Filing” module of the MOFCOM’s business platform.
2. Upon confirming the accuracy of the information and documents submitted by the invested enterprise, the local competent commerce authority shall forward them to the provincial-level commerce department through the same system.
3. The provincial commerce department, in coordination with relevant government agencies, will conduct a final review. If all conditions are met, it will issue the "Profit Reinvestment Confirmation Form" to the invested enterprise.

Information reporting on the recovery of investments: For overseas investors that have enjoyed tax credits and are recovering their investments, similar to the process of investment filing, information shall be reported as required through the invested enterprise via the MOFCOM’s business platform. The local commerce authority in the jurisdiction of the invested enterprise shall verify such information through cross-checking with foreign investment reporting records and submit the findings to the provincial-level commerce department for confirmation.