The Export Rebate Rate Will Increase, And The Profit Will Increase By 17 Billion 690 Million Yuan.
The Ministry of Finance and the State Administration of Taxation issued a notice. In August 1st, the export tax rebate rate of some textiles and clothing increased from 11% to 13%, and the export tax rebate rate of some bamboo products increased to 11%.
In this regard, Wang Qian, chief editor of the first textile network, said that the export tax rebate rate increased by 1 percentage points per time, which is equivalent to directly increasing the total export volume of enterprises to 1% of the profits of enterprises.
Data show that the export tax rebate rate increased by 2 percentage points, the total profit of the textile industry will increase by 2 billion 600 million US dollars. According to the current exchange rate level, the profits of enterprises will increase by 17 billion 690 million yuan.
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