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.
<
- Related reading
China'S Viscose Fiber Producers Are Reported To Be Rising, Reporting Tax Rebates Or Upward Adjustment.
|Textile And Garment Exports Increased By Less Than 10% In May, And Moved Significantly To ASEAN.
|- Industry dialysis | Cotton Price Crazy &Nbsp; Fabric Enterprises Change
- Footwear industry dynamics | Shoe And Garment Industry Is Developing Vigorously And Informatization Is Unstoppable.
- Global Perspective | Japan Is Optimistic About The Development Prospects Of Industrial Textiles
- Shoe Market | "Hole Shoes" Again &Nbsp &Nbsp; Businessmen Take Advantage Of Illegal Profits.
- Footwear industry dynamics | Children'S Shoes Three Bases Cross Regional Cooperation To Achieve Complementary Resources Advantages
- policies and regulations | Taiwan Attaches Importance To Textile Supervision, Causing Shishi Enterprises To Attach Importance To It
- Power flow analysis | Summer Wear Sets Off A Beautiful Wind "Leopard"
- Star wardrobe | Celebrities Get Together And Wear LV&Nbsp; Louis Weedon's Artistic Journey.
- Shoe Market | Sales Of Outdoor Footwear, Clothing And Other Products Increased Significantly In The United States
- Shoe Express | Outdoor Shoe Brand Pathfinder Promotes Special Event Marketing
- Red Bean: A Sample Of The New South Of Jiangsu Model
- China'S Viscose Fiber Producers Are Reported To Be Rising, Reporting Tax Rebates Or Upward Adjustment.
- Textile And Garment Exports Increased By Less Than 10% In May, And Moved Significantly To ASEAN.
- First Half Loss Of Chinese Clothing In The First Half Of 12 Million
- The Production Standard Of Garment Enterprises Is In Disorder. Seven Key Products In Xiamen Are Specially Rectified.
- Viscose Fiber Export Tax Rebate Is Expected To Callback To 15%
- The Export Tax Rebate Callback Is Still In Research And Decision-Making.
- Behind The New Round Of Industrial Pfer
- Knitwear Remains The Highest Contributor To Bangladesh's Export Earnings.
- Textile Industry Cluster Pilot Area To Add New Army