Textile And Garment Tax Rebate Rate Is Expected To Rise To 16%

From the top executives of the textile industry, it is known that the export rebate rate which will be increased in April 1st, the textile and garment parts may be adjusted from 14% to 15% from the adjustment and revitalization plan of the former textile industry, further raised to 16%, higher than previously expected.

"Very suddenly", the textile industry said, before the textile industry adjustment and revitalization plan adopted, the export rebate rate of textile and clothing products increased from 14% to 15%.

Finally, in the textile industry adjustment and revitalization plan approved by the Executive Council of the State Council, the export tax rebate rate for textile and garment was determined from 14% to 15%, but according to our reporter, the adjustment range was actually decided in the middle of November 2008.

In February, customs statistics showed that the total value of textile and clothing exports was 6 billion 675 million US dollars, down 35.1%.

"For example, there are some products that are considered" two high and one capital ", such as leather, paper making, fermentation and so on. The opinion of the Ministry of environmental protection is that it is not appropriate to raise the tax rebate rate to encourage enterprises to produce.

For example, the leather industry has been debated for a long time, because the process of leather making is polluted, but after tanning, leather products are processed without pollution. The essence is the same as that of garment industry. This part hopes to get some encouraging policies.

This may hurt the expectations of the textile industry.

An official of the foreign trade and economic system disclosed to our reporter that in fact, since last year, the Ministry of Commerce has suggested at the State Council coordination meeting several times that it should implement a full refund for most of the export commodities, that is, "17 back 17", and stop using export tax rebates as a means to adjust foreign trade.

The foregoing officials pointed out that in 1997 and 1998, China had had the experience of raising the export rebate rate in the short term in the financial crisis. Now, in the face of a larger financial crisis, the central government should at least ensure that the export tax rebate rate is "no less than the level of 1998".

However, this proposal was strongly opposed by the financial sector, which indicated that such a adjustment would continue to increase the financial burden and be unbearable if the government deficit increased substantially.

According to the data released by the Ministry of finance, from 1 to February, the tax revenue of the national fiscal revenue was 923 billion 727 million yuan, down 13% from the same period last year.

An expert who does not want to be named, Ministry of Commerce, Ministry of Commerce, said that because the current export shrinkage is mainly affected by external demand, China's unilateral adjustment of export tax rebate may not be very effective. At the same time, from the survey of enterprises, enterprises are forced to push down sales promotion because of reduced demand, and the export tax rebate adjustment only increases the space for enterprises to reduce prices, and it is also difficult to improve corporate profits.

Editor in chief: Xu Qiyun