Export Tax Rebate Upgrades Xiaoshan Textile And Garment Enterprises Rational View

Since August 1st this year, the export rebate rate of some textiles and garments has increased from 11% to 13%.

In the expectation of many textile and garment enterprises, the policy of "raising export rebates" was officially promulgated in August 1st.

The Ministry of Finance and the State Administration of Taxation jointly issued the notice on adjusting the export tax rebate rate for some textiles and garments, which stipulates that from August 1st this year, the export tax rebate rate of some textiles and garments increased from 11% to 13%.

Our textile and clothing exports account for more than 40% of the total export volume.

The export rebate rate of some textiles and garments increased by 2%, which has an impact on the textile and garment industry in our region.

Tax rebates are expected to increase by nearly 145 million yuan.

In the first half of this year, the total export value of our region was US $3 billion 330 million, and the new export tax rebate policy mainly consisted of two industries, textiles and clothing.

The export volume of textiles in the first half of this year was 890 million US dollars, an increase of 33.7%, and the export volume of clothing was 470 million US dollars, an increase of 20.19%.

"In the first half of the year, the export growth of the textile industry has reached 33.7%, of which 9.5 percentage points are the new products exported by the three enterprises such as Hengyi and Rongsheng in our district. The increase of the export price per unit, the exchange rate of the US dollar and the renminbi and other factors have led to the fact that the sales revenue of the textile and clothing enterprises in Renminbi denominated has virtually not increased.

For these enterprises, the economic benefits have been greatly reduced due to various factors such as raw materials, cost, exchange rate and tightening of money.

The export tax rebate policy for textile and garment industry is based on these reasons.

Foreign trade and Economic Cooperation Bureau official said.

According to the new policy, people from the foreign trade and Economic Cooperation Bureau expect to increase the tax rebate by nearly 145 million yuan from the end of August to the end of the year. The textile industry will eliminate the lace industry which is not included in the new tax rebate policy. The export volume from August to December is expected to be $770 million, which can increase the tax rebate by 90 million yuan. The export volume of the garment industry from August to 5 months is expected to be US $410 million, which can add 55 million yuan to the tax rebate.

2%, it is a drop in the bucket for an enterprise.

The adjustment of the national policy is undoubtedly a "timely relief" for textile and garment enterprises suffering from exchange rate, raw materials, labor costs rising, and export tax rebates.

However, some people in charge of our enterprises believe that the export tax rebate adjustment can not change the fate of the textile industry and clothing industry, and the export tax rebate rate of some textiles and clothing has increased by 2%, which is still a drop in the bucket for enterprises.

"This is the most difficult year for me to do garment export business for more than 20 years.

From 1 to June, export sales amounted to about 150 million yuan, export sales decreased by 16%, and profits decreased by 60%.

The export rebate rate of some textiles and clothing has increased from 11% to 13%, meaning the main purpose is to enhance the competitiveness of China's textile and clothing products in the international market, which has little impact on individual enterprises, Zhu Guan Cheng said.

"On the one hand, the renminbi is still on the rise. On the other hand, after knowing the policy of China, foreign businessmen will also consider this point in the price negotiations. Finally, the new 2% export tax rebate rate will make little contribution to the profits of the enterprises."

Some textile enterprises believe that the pressure of RMB appreciation is far greater than that of export tax rebates, and orders will be more cautious in the second half of the year.

Industrial upgrading is the fundamental way out

Regarding how to cope with the development dilemma, the relevant people of the Xiaoshan foreign trade and Economic Cooperation Bureau believe that the textile and garment enterprises in the textile industry should pay more attention to brand building, strengthen independent innovation, speed up the upgrading and upgrading of the product structure, and increase the added value of products, such as drawing on the experience of foreign counterparts, designing and marketing, and gaining more profit margins, so as to cope with the severe market situation.

Facing the "great climate" of the textile and garment industry, some textile and garment enterprises in our region have intensified the pformation and upgrading of industries.

Since the beginning of this year, the company has compressed the main road products, such as the production of chemical wool like products, increased the production of denim fabrics, and developed green, ecological and environmental protection products.

The new production project of colored cotton and silk blended yarn has added new vitality to the industry competition.

It is reported that relevant departments in our district are studying supporting policies to help enterprises cope with the current economic difficulties.