Three, How Much Is The Export Tax Rebate, Leather Goods And Other Enterprises?
The Ministry of Finance and the State Administration of Taxation issued a notice recently, and decided to further increase the export tax rebate rate of some labor-intensive products, electromechanical products and other products with greater impact since December 1, 2008, and have made clear the specific scope of 3770 commodities that raise the tax rebate rate.
This is the third time that China has adjusted its export tax policy since the beginning of this year. In order to alleviate the impact of the adverse environment on China's exports, from August 1st this year, China's export rebate rate of some textiles and clothing products increased from 11% to 13%. Since then, in November 1st, China has appropriately raised the export tax rebate rate of some labor-intensive and high technology and high added value commodities, involving 3486 commodities, accounting for 25.8% of the total number of goods in the customs tariff.
What is the impact of raising the tax rebate rate on our foreign trade enterprises? According to the import and export data of 1~10 months in Nanjing Province, the export situation of the related products (hereinafter referred to as tax related products) involved in the export tax rebate rate in November 1st was analyzed. The results show that raising the export tax rebate rate is beneficial to the industry of export tax related products, but has different effects on various industries.
出口增速回落0.5%
According to customs statistics, in the 1~10 month of this year, Jiangsu's total export tax related products amounted to US $29 billion 880 million, an increase of 17.2% over the same period last year, and the export growth rate dropped 0.5 percentage points over the same period last year. These products are mainly textiles and clothing and mechanical and electrical products.
In 1~10 months, Jiangsu exported tax related textile and apparel 23 billion 800 million US dollars, an increase of 17.7%, down 1.2 percentage points from the same period last year, accounting for 79.7% of the total tax related commodity exports in the province. Meanwhile, the export tax related mechanical and electrical products 1 billion 980 million US dollars, an increase of 16.8%, a decrease of 4.1 percentage points over the same period last year, accounting for 6.6%.
Over 60% of these products are exported to the traditional markets like the European Union, the United States and Japan. In 1~10, Jiangsu exported 6 billion 640 million dollars, 6 billion 600 million dollars and 5 billion 110 million dollars to the above market respectively, which increased by 26.4%, 12.9% and 12.8% respectively. The growth rate of US exports dropped by 12.9 percentage points compared with the same period last year. The total of the three accounts for 61.4% of the total export value of the tax related commodities in our province.
The general trade export growth rate of these products is slightly higher than that of the processing trade export. In 1~10 months, Jiangsu exported 22 billion 240 million dollars of tax related goods in general trade mode, an increase of 17.6%. The export growth rate slowed down 0.2 percentage points over the same period last year, accounting for 74.4% of the total export commodities tax related commodities in the same period. In the same period, the export tax related commodities exported by processing trade reached 7 billion 590 million US dollars, an increase of 16.2%, representing a decrease of 0.4 percentage points over the same period last year, accounting for 25.4% of the total value of export commodities related to taxation in the same period.
紡織業(yè):迎來(lái)難得休整期
In August 1, 2008, after the export rebate rate increased from 11% to 13% in November 1st, the export rebate rate of textile and garment increased by 1 percentage points to 14% in November 1st. According to customs statistics, in the 1~10 month of this year, Jiangsu exported 18 billion 770 million dollars of textile and clothing in general trade mode, accounting for 75.9% of the total value of textile and garment exports in the same period. According to the calculation, after the two large-scale adjustment tax rate, Jiangsu textile and garment export tax rebate will increase by about 3 billion 840 million yuan under general trade terms.
Jiangsu red bean group responsible person said that this year, the RMB exchange rate rise, labor and raw materials costs rise, coupled with the impact of the global financial turmoil, textile and clothing exports difficult. Enterprises are cautiously optimistic that the state has repeatedly raised the export tax rebate rate for textile and garment products. Because this improves the net profit margin of textile enterprises, helps to reduce the export pressure of textile industry and ease the tension of capital turnover of some enterprises, but at present, the trend of rigid decline in foreign market demand has not changed, and export growth has not been greatly improved.
塑料等:國(guó)際競(jìng)爭(zhēng)力增強(qiáng)
According to customs statistics, in the 1~10 month of this year, Jiangsu exported $584 million of plastic products in general trade mode. After adjusting the tax rate, the export tax rebate rate increased by 4 percentage points. According to the estimated export tax rebate, the export tax rebate will increase by 160 million yuan. After export of ceramic products 154 million US dollars, the export tax rebate rate will be increased 6 percentage points after adjusting the tax rate. The export tax rebate will increase by 63 million 270 thousand yuan, and the export furniture and parts will be 342 million dollars. After adjusting the tax rate, the export tax rebate will be increased by two percentage points, and the export tax rebate will increase by 46 million 670 thousand yuan.
Customs experts said that in recent years, the export of plastic products, ceramic products, furniture and parts and printed materials in Jiangsu has increased rapidly, but the export growth rate has been decreasing year by year, and the development of the industry is not optimistic. The export tax rebate rate adjustment implemented in November 1st has raised the export tax rebate rate of some products in the 4 industries. The export rebate rate of plastic products increased from 5% to 9%, and the export rebate rate of household products, decorative parts and some technical application ceramics increased from 5% to 11%. The export rebate rate of wooden furniture and parts was raised from 9% to 11%, stone furniture increased from 11% to 13%, and the export tax rebate rate of some printed products increased from 9% to 11%. The export price advantage of the products within the scope of adjustment will be partially recovered, which will further enhance its competitiveness in the international market.
玩具等:受益程度難確定
According to customs statistics, in the 1~10 months of this year, our province exported $809 million of mattresses, bedding and similar products in general trade mode. After adjusting the tax rate, the export tax rebate rate increased by 3 percentage points. According to the estimated export tax rebate, the export tax rebate will increase by 166 million yuan. The export toys and parts 573 million dollars. After adjusting the tax rate, the export tax rebate rate increased by 3 percentage points, and the 117 million yuan will be increased according to the estimated export tax rebate.
Customs experts said that since November 1st, the export rebate rates of mattresses, bedding and similar products and toys and parts have increased from 11% to 14%, and the tax rebate rate has basically covered all the tax numbers of two categories of products. Toy manufacturing enterprises are highly labor-intensive enterprises, and timely export tax rebates will play a positive role in promoting toy exports. However, at present, the international economic situation is not good and the global demand is weakening. The actual purchasing power of consumers will be limited by the price level of products and the reduction of future income expectations. Although the increase of export tax rebate rate helps enterprises to establish confidence, most toy manufacturers believe that it is difficult to determine the trend of toy export at present.
機(jī)電產(chǎn)品:幾乎未受影響
According to the customs, in the adjustment of the export tax rebate policy implemented in November 1st, the range of adjustment and adjustment of mechanical and electrical products were relatively small, and the export tax rebate rate of the 35 tax numbers increased by 2 percentage points. In the 1~10 months of this year, Jiangsu province exported $770 million of tax related mechanical and electrical products in general trade mode, accounting for only 0.6% of the total export value of electromechanical products in the same period. After raising the tax rebate rate, the tax rebate will increase by about 105 million yuan. From the perspective of the whole industry, the increase in tax rebate rate has little effect on the export of mechanical and electrical products in Jiangsu.
The adjustment of the export tax rebate policy in November 1st also involves some leather products, paper products and glass products. Because the export value of the related commodities is small, the proportion is relatively low, which has little impact on the export of the whole province.
Customs suggestions
抓住時(shí)機(jī),升級(jí)
According to Nanjing customs experts, after the export tax rebate rate was raised in November 1st, according to the comprehensive measurement of the value adjusted export value and export rebate rate of Jiangsu province in 1~10 month, enterprises in the province will increase export tax rebates by more than 5 billion yuan. At present, the export tax refund deals with the state tax, foreign exchange, customs, bank and other departments. According to the normal process, the enterprise can get the tax rebate for about 1 months after the completion of the export. However, judging from the current situation, the increase in export tax rebate has led to increased pressure on the central government, and the time span of export tax rebate has increased. Some export enterprises have reported that the export tax rebates should not be accounted for in 9 or October this year. It is suggested that the relevant departments should pay attention to this problem and ensure that the preferential policies brought about by the policy adjustment are implemented.
In addition, customs experts also said that the adjustment of the export tax rebate rate can clearly see that the state's continued optimization of the structure of export products and the control of the export of "two high and one capital" products have not changed. It is suggested that benefited industries and enterprises should seize this rare opportunity to accelerate the pace of industrial upgrading, improve the technological content and added value of products, and strive to build export products with brand advantage in the international market.
In view of the adjustment of export tax rebate policy implemented in November 1st, the main benefited is the labor intensive industries represented by the textile and garment industry. The main characteristics of these industries are the number of employees and the number of small and medium-sized enterprises with private enterprises as the main body. Judging from the development of foreign trade in recent years, small and medium-sized enterprises represented by private enterprises have shown great vitality. However, such enterprises are less capable of dealing with policy risks and market risks, and suffer the most serious losses under the adverse effects of RMB appreciation, rising production costs and the deterioration of international trade environment. Customs suggested that relevant departments should actively introduce specific measures to solve the practical difficulties faced by small and medium-sized enterprises in foreign trade, such as alleviating the financing pressure of SMEs, restoring or increasing the amount of local financial subsidies.
Extended reading
出口退稅率3次上調(diào)
The State Council executive meeting chaired by Premier Wen Jiabao on 12 may decided that, in order to support labor-intensive small and medium-sized enterprises, support industrial optimization and upgrading, and raise the export tax rebate rate for the two time in the second half of this year, the export rebate rate of some labor-intensive products, electromechanical products and other products with greater impact will be further increased since December 1, 2008.
In order to implement the decision of the State Council, the Ministry of Finance and the State Administration of Taxation recently issued the notice of 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 clarified the specific scope of 3770 commodities for raising the tax rebate rate. The main contents are as follows:
- Related reading
Fuxin Environmental Protection Bureau Actively Carry Out Environmental Protection Activities In Leather Industrial Park
|- Visual gluttonous | Early Autumn Wearing Long Sleeved Chiffon Sweater Beautiful Picture Moving People
- Fashion character | Han Xing, Early Autumn Street, Taking Inventory, Modeling And Outstanding Temperament.
- Recommended topics | Willful And Unruly Clothes, Tonality Upgrade Again
- Celebrity endorsement | Liu Yifei'S Latest Attire Is Elegant.
- Regional policy | Quanzhou'S Ten Measures For Financial Support For Industrial Pformation And Upgrading Have Been Announced.
- Collocation | Autumn Lazy Knitting + Long Skirts, Sweet And Sweet, Art And Retro, Good Temperament!
- Thematic interview | Interpretation Of Hangzhou International Fashion Week With Four Major Sections To Create Fashion Metropolis
- Venture capital project | Lesotho Has Become A Major Textile Producer In Africa And Is Valued By China.
- Popular this season | This Autumn Camel Coat Is Enough! Which One Is Your Fan?
- policies and regulations | Yiwu'S Footwear And Textile Exports Suffered New Obstacles.
- Lixian County Vigorously Develops Leather Manufacturing Industry
- Fuxin Environmental Protection Bureau Actively Carry Out Environmental Protection Activities In Leather Industrial Park
- Xu Jintai: To Be A Professional Construction Machinery Accessory Dealer.
- Wenzhou Shoe Machine Market Cake Bigger And Bigger
- A Shoe Factory Owner In Sichuan Disappears And Leaves The Machine To Pay Wages.
- This Winter Quanzhou Shoe Industry'S Warm Response
- Export Bad Debts Plagued The Growth Of Fujian Shoe Enterprises
- How To Pfer Industrial Pfer And Think Hard
- Putian Shoe Clothing City Began To Use At The End Of The Year
- Export Rebate Rate Rose To 17% Shandong Textile Profit Increase