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Yesterday, the Ministry of Finance again timely rain, will be the seventh meeting of the export tax rebate rate increase. From June 1 onwards, part of the country once again raised the export tax rebate rate of products, covering the advantages of our products, labor-intensive products, high-tech products and deep processing of products that a total of more than 2600 tariff lines of goods 10.

This is the 3rd this year, the export tax rebate rate increase, since August last year, the 7th since the increase, the industry is expected to increase the export tax rebate rate will increase by about 25.2 billion tax rebate money.

Ministry of Commerce and the Ministry of Finance of the Game

The news raised the export tax rebate has been hung in the State Administration of Taxation website, and not in the industry caused a great uproar. Some enterprises in an interview with reporters, said the news has been the tax rebate in their expectations. And in the last week to be precise on the news that the Treasury may continue to increase export tax rebate this week.

In fact, the increase of the export tax rebate rate is May 27 in accordance with a State Council executive meeting of "improving the export tax policy, to continue to support superior products, labor-intensive products, high-tech exports, stringent control over 'the two higher injection 'exports, "the spirit of the specific policies.

"The adjustment of the export tax rebate rate stability is the implementation of the State Council, a series of supporting policies to be the latest move shows that China will expand domestic demand and stable external demand closely with the intention of the regulation and control." Section of the Ministry of Finance, Deputy Director of Finance yesterday accepted Mr Lau When interviewed by a reporter said, "In the short term, the current situation of China's exports is still grim, and further raising the export tax rebate rate will help reduce the cost of export enterprises, for promoting the stability role of external demand."

An expert from the Ministry of Commerce told reporters that "both the central finance and local finance, the pressure is very big now." Under the current system of export tax rebate, the return of the export tax enterprises, of which 92.5 percent financial commitment by the state, while the remaining 7.5 % by local finance departments.

"Doing so will only increase the pressure on the tax rebate, but the deterioration of the environment of foreign trade can not sit idly by, so the Ministry of Commerce and the Ministry of Finance can only be made through the discussion of the adjustment of a relative compromise." The expert said. Since May, the Commerce Department has frequently received from the export of a large province and a letter to Chamber of Commerce Association, the proposal to increase the export tax rebate rate, involving textiles, mechanical and electrical products, toys and steel and other fields.

Informed sources also revealed that the core principles of this adjustment is to ensure that the export share in the international market remains unchanged. "Although the growth rate has been below the targets set earlier this year, that is, a simultaneous increase in exports and GDP, but at least not in the share is lower than last year's level." Said the.


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