The hottest export tax rebate policy space still e

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The Ministry of Finance and the State Administration of Taxation issued the notice on increasing the export tax rebate rate of some commodities, and appropriately increased the export tax rebate rate of some labor-intensive, high-tech and high value-added commodities from November 1, 2008. The export tax rebate adjustment involves a total of 3486 goods, accounting for about 25.8% of the total goods in the customs tariff

the last time to adjust the tax rebate policy for export products on a large scale was on July 1st, 2007. The focus was to cancel the export tax rebate for 553 high energy consumption, high pollution and resource-based products. With intelligence, the export tax rebate rate of 2268 products that are prone to trade friction was reduced when the product quality level can be improved. Among them, the export tax rebate rate of clothing, shoes and hats, bags and other products fell to 11% in February 2013, and that of paper products, viscose fibers, plastics, some chemicals and other products fell to 5%

since the beginning of this year, with the gradual deceleration of exports, the tide of bankruptcy of some domestic export-oriented small and medium-sized enterprises has been closely related to the last significant reduction in the export tax rebate rate. If the simultaneous appreciation of the RMB is the external pressure on export enterprises, then reducing the export tax rebate rate is undoubtedly from internal pressure. The export slowdown in 1996 and 1998 was also affected by the reduction of the export tax rebate rate

the reason why domestic export enterprises are very sensitive to export tax rebate is that the export profit space is very small. It is precisely to explore and innovate the institutional mechanism of industry university research. As small as most export enterprises are not profitable without tax rebate, but reduce the export tax rebate rate by 2 to 3 percentage points, it is not profitable

can the increase of export tax rebate rate comprehensively relieve the pressure of export losses of domestic enterprises? The author believes that this year's export slowdown and the collapse of some small and medium-sized export enterprises are not caused by the financial turmoil on Wall Street and the global financial crisis. Since then, the impact of this factor will continue to expand. Therefore, in terms of the pattern of 17% domestic tax on export products and 14% export tax rebate (the export tax rebate rate of most products is far from this level), there is still room for policy to further improve the export tax rebate rate

not only that, there is also room for policy adjustment for the cancellation of export tax rebates for chemical fertilizers, coke, some chemical raw materials and other products, the substantial reduction of export tax rebates for non-ferrous metals, steel and other products, and even the imposition of special export tariffs. Because this is tantamount to restricting enterprises from using two kinds of resources and two markets to seek development. To a certain extent, the profitability of many industries has continued to shrink since this year, which is closely related to this

of course, raising the export tax rebate rate is good for China's macro-economy, related industries and the stock market. It is hoped that this positive will continue and eventually play a role in the province (District, city)

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