Textile Export Tax Rebates Approved Fastest In Late July

Yesterday, news came out from the relevant authorities close to the authoritative decision-making department. The textile export tax rebate policy has made breakthroughs. The decision making department has passed and will "wait for the opportunity to introduce" this policy.

The adjustment will increase the export rebate rate of textile products by 2% and the export rebate rate by 4%. The export of viscose fiber will also be adjusted to a maximum of 10 points, up from 5% to 15%.

It is reported that the final result will be seen in late July or early August.

There are still differences in policy.

The export growth rate of China's textile and clothing has been declining this year.

According to customs statistics, Guangdong textile and clothing exports in the 1-5 months of this year amounted to US $11 billion 510 million, down 15.7% from the same period last year, and the growth rate also dropped by 40.3%.

Industry experts believe that for the export enterprises in dire straits, industrial upgrading is imperative, but the state should give some buffer time.

At present, the export tax rebate is the most direct and rapid return.

"The probability of policy introduction may be around 7."

First textile net industry analyst Wang Qian Qian estimates.

According to him, at present, the decision-making departments have different judgments on the status quo of the industry, and there are actually differences in the adjustment.

Ministries and committees frequently investigate

The frequent news of tax rebate is accompanied by frequent investigations by ministries and commissions.

In the past two months, the Ministry of Commerce and the State Administration of taxation have adopted decision-making departments in Jiangsu and Zhejiang provinces.

Premier Wen Jiabao also went to textile enterprises to conduct research last week.

"The state has attached great importance to the survival of textile enterprises, but this can not be interpreted as a precursor to policy."

Cao Xinyu, vice president of the China Textiles Import and Export Chamber of Commerce, said.

He said that the purpose of national research is to prevent inflation and prevent economic downturn.

This year's earthquake has increased the pressure of fiscal expenditure, which has brought uncertainty to the policy.

"Even if the adjustment is made, the export enterprises are only supported by confidence, and fundamentally rely on the adjustment and pformation of the enterprises themselves."

Guo Jin Securities researcher Zhang Bin said: "it is not recommended to increase the export tax rebate rate of textile and clothing."

Because industry integration has been talked about for many years, if enterprises complain, the policy will be changed and the policy will be too arbitrary.

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