From November 1, the export tax rebate rate for textile and apparel products will be adjusted again to 14%
Our country will again adjust the export tax rebate rate for textile and apparel commodities from November 1, 2008
Recently, with the approval of the State Council, the Ministry of Finance and the State Administration of Taxation issued the “Regulations on Increasing the Export Tax Rebate Rate for Some Commodities Notice” clarifies that from November 1, 2008, the export tax rebate rate for some labor-intensive, high-tech, and high value-added commodities will be appropriately increased. Specifically: increase the export tax refund rate for some textiles, clothing, and toys to 14%; increase the export tax refund rate for daily use and art ceramics to 11%; increase the export tax refund rate for some plastic products to 9%; increase the export tax refund rate for some furniture Increase to 11% and 13% respectively; increase the value of AIDS drugs, genetically recombinant human insulin freeze-dried powder, yellow collagen, tempered safety glass, tantalum wire for capacitors, marine anchor chains, sewing machines, fans, CNC machine tool carbide knives and other commodities The export tax rebate rates were increased to 9%, 11%, and 13% respectively. This export tax rebate adjustment involves a total of 3,486 commodities, accounting for approximately 25.8% of the total number of commodities in the customs tariffs.
Related news:
Ministry of Finance: Adjusting the export tax rebate rate will help reduce the pressure on export enterprises
The person in charge of the Taxation Department of the Ministry of Finance and the Goods and Labor Services Tax Department of the State Administration of Taxation discussed the increase in part Answers to reporters’ questions on the export tax rebate rate for commodities
With the approval of the State Council, the Ministry of Finance and the State Administration of Taxation jointly issued a notice stipulating that from November 1, 2008, the export tax rebate rate for textiles, clothing, toys and other commodities will be increased. A few days ago, the heads of the Taxation Department of the Ministry of Finance and the Goods and Labor Services Taxation Department of the State Administration of Taxation answered reporters’ questions on issues related to adjusting the export tax refund rate for some commodities.
Question: What are the main considerations for this policy adjustment?
Answer: Since the beginning of this year, due to factors such as weakening international market demand, appreciation of the RMB, rising raw material prices and labor costs, my country’s export growth has slowed down. In the past nine months, 8 months have Export growth was lower than the same period last year. The profits of export companies have dropped significantly. In particular, some labor-intensive small and medium-sized enterprises absorb a large number of laborers and have a wide range of employment, but their ability to resist risks is weak and their operations are under great pressure.
As the impact of the financial crisis in the United States continues to expand, the consumer confidence index of residents in developed countries has fallen sharply, and the demand for imports has fallen, which will inevitably have an adverse impact on my country’s exports. If no measures are taken, exports are expected to decline in the future and export enterprises will further face difficulties, which will have a negative impact on my country’s overall economic development. Therefore, it is necessary to help enterprises build confidence and overcome difficulties through appropriate adjustments to fiscal policies, and prevent a passive situation in which my country’s economic development is affected by a sharp decline in exports.
Question: What are the main contents of this export tax rebate adjustment?
Answer: This export tax rebate adjustment involves a total of 3,486 commodities, accounting for approximately 25.8% of the total number of commodities in the customs tariffs. It mainly includes two aspects: First, appropriately increase the export tax rebate rate for labor-intensive commodities such as textiles, clothing, and toys. The second is to increase the export tax rebate rate for high-tech, high-value-added commodities such as anti-AIDS drugs.
After this adjustment, the export tax rebate rates will be six levels: 5%, 9%, 11%, 13%, 14% and 17%.
Q: What impact will this policy adjustment have?
Answer: This will help reduce the operating pressure faced by export enterprises and have a positive effect on improving the export competitiveness of enterprises.
In addition, this policy adjustment also has a positive effect on the development of the entire national economy. Increasing the export tax rebate rate for labor-intensive products can enhance the ability of enterprises to withstand market risks, support small and medium-sized enterprises to overcome operating difficulties and develop healthily, and help further promote the employment of urban and rural labor forces; increasing the export tax rebate rate for high-tech and high value-added commodities can It is helpful to guide enterprises to optimize the results of export products
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