Bags Merchandise Export Tax Rebate Rate Rise Next Month
“It was ‘timely help’!” Jiaxipera Compressor Co., Ltd. Finance Manager lullin flowers, said the export tax rebate rate from 13% to 14% adjusted, so that now “climbing” the enterprises in the financial burdens, increased profits.
Reporter yesterday from the city of IRS, Municipality learned that on Dec. 1 from my part of the labor-intensive products, such as mechanical and electrical products export tax rebate rate will be further enhanced, including “jiaxipera” including the city 1312 corporate profits next year could be a net increase of six hundred and twenty million yuan.
1312 net increase of 620 million yuan profits
It is understood that the export tax rebate rate adjustment related to 3770 products, accounting for customs tariff of 27.9% of the total number of all goods, including rubber, mold, part of the aquatic products, bags and furniture, some mechanical and electrical products, improve the range from 1 percentage point to 6 percent range.
According to statistics, January to October this year, the city involved in raising the export tax rebate rate of export value of about 2.85 billion U.S. dollars, accounting for 24% of total exports, involving a total of 22 categories of the 1038 product. The city involving a total of 1,312 enterprises, accounting for nearly half of export enterprises, these enterprises can be expected next year, the amount of 620 million yuan more than get the tax rebate.
“This adjustment is China’s third since the second half of this year to increase the export tax rebate rate, is related to the goods up, adjust the broadest one.” City of the Import and Export Department, Internal Revenue Service official said this round of adjustment will boost city businesses Export confidence boost economic growth and avoid a sharp drop in exports while the impact of the city’s economic development.
Mechanical and electrical products, furniture, luggage most to gain
City Import and Export Department, Internal Revenue Service official said, the export tax rebate policy adjustment, the city’s first three categories of goods to benefit the largest mechanical and electrical products, furniture and luggage, tax rates rise by 2 percentage points; statistics also showed that the first three quarters this year, three commodity exports 2.422 billion U.S. dollars.
“Amount of funds used less, higher efficiency.” Ushered in a month twice raised export tax rebate rate and the actual transfer deposit account suspended “Double Happiness” Blessings, Taiwan Sheng Industrial Co., Ltd., said assistant general manager Raoru Qi, an increase of 4 percentage points The export tax rebate rate, so that enterprises should have more space for the poor economic situation.
Lullin flower said, the recent copper, steel and other raw materials prices collapse has caused foreign investors frequently keep the prices down, the RMB exchange rate against major currencies changes in Europe, then squeeze the export efficiency, the export tax rebate rate from 13% to 14%, although marginally for profit businesses are direct compensation.
“To increase export tax rebate rate by 2 percentage points, luggage products help improve China’s competitiveness on the international market.” More than 70% of exports of Jiaxing rookie Shi Jihong bags Manufacturing Co., Ltd. Chairman of the Board is that the lower the tax increase the cost of exports, so that the luggage industry is labor-intensive industries have more promotion opportunities.
Is not a simple tax “reincarnation”
Although many people think that this round of enterprise for the export tax rebate policy adjustment is a big plus, some raised a large range of goods, tax rates or even back to two or three years ago.
Such as furniture export tax rebate rate of 13% 9% return, bags from 11% back to 13% (previously 14%), some mechanical and electrical products, the callback rate is also up to 2 percentage points. However, from the business, management’s sound the same show, This time is not a simple tax rate increases, “reincarnation.”
“Raised by the tax rebate rate increase profits only stage.” Shi Jihong frankly, on the one hand, the foreign market will react to this, exporters have to negotiate with foreign investors have the mental preparation; the other hand, 2 percentage points of the tax rebate can not deal with all issues in the economic winter, costs, market pressures companies must strive to upgrade and change the past only by tax profit situation.
At present, the “Taiwan l” has been part of the adjustment of the export strategy, not only to expand the export market to Europe by the United States, marketing objects from the family unit into a hotel and office building of the Group buy customers. Export stranded “jiaxipera” also made it clear that the response called for expanding domestic demand, where appropriate, reduce the export capacity, the increase for “home appliances to the countryside” of product development and production, promote domestic brand, and expand the domestic market share.
“Raised the export tax rebate rate of labor-intensive export enterprises to alleviate the difficulties of survival has a positive effect.” Municipality official said, given the current economic outlook is still full of uncertainty, the export enterprises can not easily be reduced because of the export tax rebate rate up prices, also to adjust business strategy, using a variety show, and actively promote related products. Meanwhile, the emphasis on product research and design, intensify structural adjustment, improve the export of bargaining power, improving the grades and value added products. In addition, the need to strengthen self-discipline, standardize export behavior, prevention and circumvention of international trade friction.
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