Dongguan Shoe Industry Was Finally "Strong Heart" After Being Hit By The Two Tax Refund List.
After second strikes against the tax rebate catalogue, Dongguan shoe industry was finally given a strong heart. Reporters yesterday received the latest announcement issued by the Ministry of Finance and the State Administration of Taxation on improving the export tax rebate rate of value-added commodities such as labour intensive products. The notice stipulates that the rebate rate of 3770 commodities will be increased, and the rebate rate of footwear will increase from 11% to 13%.
鞋業終納入調整目錄
In November 1st this year, the export rebate rate of some products was raised, but the footwear industry was not included in the adjustment catalogue. This is a big blow for the footwear industry in Dongguan. Li Peng, Secretary General of Dongguan Footwear Association, said that the top two export tax rebate rates were not included in the first 7 export duties this year, largely because the export situation of the entire Chinese shoe industry was not affected by the global financial crisis for 7 months, 8 months and 9 months. This year, the export footwear enterprises in Dongguan are running very seriously. If the order of shoe products is pferred to the surrounding countries on a large scale, this will have a great impact on the Chinese footwear industry. This time the tax rebate rate has increased by two percentage points, which is obvious for the help of enterprises. Especially for enterprises that are currently at the edge of profit and loss, the effect of tax rebate is more obvious.
According to customs data, Dongguan's footwear industry has been in a decline for three consecutive months since July, despite the sluggish foreign economy and reduced orders. The export situation is not optimistic. The export tax rebate increase this time is very helpful to ease the export pressure of enterprises.
Huang Chunming, Secretary General of Dongguan Leather Footwear Association, believes that the Dongguan shoe industry has not enjoyed the second tax rebate rate increase, which has great impact on Dongguan's footwear industry. Therefore, the export tax rebate rate of footwear industry has always been expected by the footwear industry. This tax rebate adjustment has certain advantages for Dongguan footwear industry, but it can solve the current difficulties faced by the footwear industry, and also according to the situation of the enterprises themselves.
Qi Yaochang, vice president of Dongguan Leather Footwear Association, said: "in the export process of shoes, foreign buyers are very sensitive to China's tax rebate policy. This time, the tax rebate rate has raised two points. The foreign party will ask for a corresponding reduction in the export unit price, but this is very good for improving the competitiveness of enterprises' exports in terms of price."
機電企業需要投資信心
Electromechanical products are another major beneficiary of this tax adjustment. Like footwear products, the second tax rate adjustment has not been included in the adjustment catalogue. From the recent paction of the mechanical and electrical products in the Canton Fair, the volume of mechanical and electrical products of the Canton Fair dropped by 14% over the same period last year, which made the electromechanical products' calls for tax rebate adjustment quite high. This adjustment is undoubtedly helpful to the improvement of export competitiveness of mechanical and electrical products. But Lin Xizhen, chairman of Dongguan Liang Li Machinery and hardware Co., Ltd. is conservative about the role of tax rebates.
He thinks that the "deduction" policy of tax rebate and value-added tax is the same as buying equipment. Only when enterprises really export, will they enjoy this part of the good. At present, mechanical and electrical products, whether exported or domestic, are in a sluggish situation, so in short time, the tax rebate is still limited to the help of enterprises. What the industry needs most is investment confidence. But Lin Zong also said that in the long run, after the recovery of the whole economic environment and the recovery of enterprises' exports, the role of tax rebate will be fully revealed.
退稅率仍有上調空間
In 2006, the Ministry of finance, the development and Reform Commission, the Ministry of Commerce, the General Administration of customs and the State Administration of Taxation jointly issued the notice on adjusting the export tax rebate rate for some commodities and the catalogue of prohibited commodities in processing trade. According to the industry estimates, the profit margins of the industries affected by Dongguan dropped by more than 20%.
After a year's notice, after the Ministry of Finance issued the circular on adjusting the export tax rebate rate of some commodities, the export tax rebate rate of some commodities dropped by 2%-6%, involving 3669 export enterprises in our city, accounting for 76% of the total number of export tax rebate enterprises, and the average tax rebate rate of the exported goods in the city dropped to 10.43%, a drop of 16.56%. The tax burden on enterprises exported goods (that is, exemption from tax rebates should not be exempted from and deducted from tax, or "back to tax") increased by 998 million yuan. Conversely, this year, the country has raised the tax rebate rate three times, which is obvious for enterprises to lighten their burden.
However, the impact of this financial tsunami can be called 100 years. In view of the current situation of the export of SMEs being hit by an unprecedented blow, the state may be able to start a "ruthless" approach. Shen Danyang, vice president of the Chinese Academy of Commerce in Guangdong, said in an interview with CCTV that in the course of the investigation, the highest voice of some small and medium-sized enterprises in the country is to hope that the state can raise the export tax rebate rate. The tax rebate rate of some products can be increased to 17%, because the levy is 17% times, and the export tax rebate is an international practice. So it is no problem to mention 17%. Over the past year, the frequency of the export tax rebate reduction has been too fast, and some customs duties have been increased. The purpose is to adjust the export structure and reduce trade frictions, but the result may result in the survival difficulties of enterprises in the new environment, so it is necessary to raise the tax rebate rate.
相關
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Review of previous export tax rebate adjustments
Since the reform of tax system in 1994, China's export tax rebate policy has undergone 7 major adjustments.
In 1995 and 1996, the first large-scale export tax rebate policy adjustment was carried out, and the original export products were zeros adjusted to 3%, 6% and 9%.
In 1998, second adjustments were made to promote exports, raising the tax rebate rate of some export products to 5%, 13%, 15% and 17% four. Since then, the export volume has increased sharply and over planned for three consecutive years, resulting in the problem of fiscal arrears and tax refund. The third national export tax rebate rate was 5%, 8%, 11%, 13% and 17% from January 1, 2004.
In 2005, there were fourth adjustments. China reduced and cancelled the export tax rebate rate of some "high energy consumption, high pollution and resource" products in stages. At the same time, it reduced the export rebate rate which was easy to cause trade friction such as textiles, and increased the export rebate rate of major technical equipment, IT products and biological medicine products.
In July 1, 2007, the fifth adjustment policy was implemented, involving 2831 commodities, accounting for 37% of the total number of goods in the customs tariff. After this adjustment, the export tax rebate rate has changed to 5%, 9%, 11%, 13% and 17% fifth gear.
After the first export tax rebate policy was adjusted in August 1, 2008, the export tax rebate rate of some textiles and clothing increased from 11% to 13%.
The second adjustment is the implementation of the export rebate rate policy implemented in November 1, 2008. The adjustment involved 3486 commodities, accounting for 25.8% of the total number of goods in the customs tariff. The main content is to appropriately raise the export tax rebate rate of labour intensive commodities such as textiles, clothing and toys. After adjustment, China's export tax rebate rate will be divided into 5%, 9%, 11%, 13%, 14% and 17% six files.
Since December 1, 2008, we have further increased the export rebate rate of some labor-intensive products, electromechanical products and other more influential products, involving 3770 commodities. Among them, the rebate rate of some moulds and glassware, such as metal extrusion dies, increased from 5% to 11%; the tax rebate rate of goods such as bags, shoes, caps, umbrellas, furniture, bedding, lamps and clocks increased from 11% to 13%; the tax rebate rates of some electrical and mechanical products, such as agricultural pumps, motorcycles, bicycles and household appliances, increased from 9% to 11%, 11% to 13%, 13% to 14%.
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