Since the effect August 1, 2008, in part, textiles, clothing export tax rebate rate increased from 11% to 13%.
it is introduced in 2006 since China’s export tax rebate rate cut enterprise foreign trade policy for first time since the callback. Yiwu textile enterprise can finally breathed a sigh of relief.
According to yiwu foreign trade and economic cooperation bureau concerned personage introduction, the export tax rebate rate increased to 13% of the textile and clothing products, mainly including silk, wool yarns and woven fabric, cotton yarn, cotton woven, chemical fiber filament, chemical fiber staple fiber and other textile manufactured goods, etc. The tax rebate rate raised to the our city policy will be the yiwu textile market to bring the good news, including seamless underwear, shirts, ties, clothing, and blankets,towels, socks and other industries. Notice also rules, will be part of the bamboo product export tax rebate rate increased to 11%, at the same time, high pollution will cancel the part, the resource products export tax rebates, including red pine nuts, part of the pesticide products, etc
Of yiwu is concerned, in the past few years, textile self-supporting exports account for export yiwu greater proportion. The first 6 months of this year yiwu textile export proportion of the total export proportion of 54%. In recent years, the textile export drawback bring greater influence. To yiwu textile market. This year is concerned, the first 6 months of this year, yiwu textile exports totaled $460 million, up 18.55%, year-on-year growth dropped 9%.
“The export tax rebate rate of callback, to the enterprise benefits is the most direct.” Yiwu foreign trade and economic cooperation bureau officials said, “in product sales prices unchanged, under the prerequisite of the export tax rebate rate callback two percent, or 2% of the total amount of export enterprises will be the amount increased to enterprise profits directly to.” On August 1, the zhuhai foreign trade and economic cooperation bureau this information will be inform our city related enterprise, the enterprise consistent over the east China sea.
The tax rebate rate hike, of yiwu textile clothing export enterprise certainly is urgently needed, reduce the cost of enterprise exports directly. Another enterprise head says tax rebate rate increase, textile exports prices will went back down a bit, this will also help to attract back of the loss of the list, stressful textile export enterprise can temporarily slow tone.
The personage inside course of study also think, the export tax rebate rate of callback in the short term may be appropriately reduced because of rising costs of enterprise with difficulties, but yiwu textile market export enterprise not only saw profits picks up, the more to use this opportunity to industrial upgrading, improve the added value of products, and not blindly heavy price war, the 2% of benefit to the purchaser, or of yiwu textile the long-term development of the enterprise without any stimulative effect.
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