The Impact Of Export Tax Rebate On Textile Industry

Export increase from early February

Less than two months from 1 percentage point to 15%, the export rebate rate of textile and garment industry has been ushered in second times during the year.

Recently, the Executive Council of the State Council decided to raise the export rebate rate of some textiles and garments starting from April 1st.

Compared with previous expectations of one step to 17%, compared to 16%, although a percentage point lower, but the good news, textile upstream products PTA launched a passionate upsurge.

The export tax rebate rate is up to the textile industry.

The effect is self-evident.

Since the second half of last year, in the face of a serious decline in textile exports, the state has repeatedly raised the textile export tax rebate rate, and the textile export situation has markedly improved.

In January 2009, when industrial exports dropped by 17.6%, the export of textile industry was basically flat compared with 2008, but only 0.2%, indicating that the new policy of the industry has played a certain role.

The export tax rebate has been raised again in the market expectations, although it did not meet the market expectations of 17%, but still formed a great positive stimulus to the market.

It is estimated that the export tax rebate rate will rise by 1%, and the total profit of textile and clothing will increase by 7.89% (7 billion 600 million yuan).

This is enormous.

The bargaining space between enterprises and foreign businessmen makes export enterprises more competitive when taking orders.

In addition to bringing real profit margins to enterprises, it is more important to bring confidence to enterprises, so that enterprises can occupy a place in the volatile international market.

Since the outbreak of the financial crisis, China's export enterprises have been greatly affected. According to statistics, the export data in February have deteriorated sharply.

In the 1-2 months of this year, China's textile and apparel exports totaled 21 billion 903 million US dollars, down 14.54% from the same period last year. In February, textile and clothing decreased by 35.19% compared with the same period last month. In February, the export volume of textile and clothing decreased by 56.2% compared with January.

It can be said that the decline of China's textile and clothing exports has been unprecedented for nearly 10 years.

Under such circumstances, the government issued the second export tax rebate policy in a timely manner, hoping to help more textile enterprises to get out of the predicament.

At present, our country's

The export tax rebate rate of clothing increased to 16%.

According to statistics, the export tax rebate actually increased after the export tax rebate rate increased. According to the data released by the State Administration of Taxation, the actual export tax rebate in the first two months of this year was 66 billion 700 million yuan, an increase of 20.8% over the same period last year.

At the same time, China's exports fell by 21.1%.

In the international market downturn and the sharp decline in exports, the government has raised the export tax rebate rate, which has eased the pressure on the capital turnover of the export enterprises.

The export tax rebate rate has been adjusted several times, which shows the state's support and concern for export enterprises.

Since the second half of last year, the state has continuously raised the 6 export tax rebate rate.

The tax rebate rate is close to the highest level of 17%, and it is only one step away from the zero tax burden on exports.

The national finance has also suffered great pressure.

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.

Among them, the domestic value-added tax decreased by 3.2% compared to the same period last year.

Prior to that, Pei Changhong, director of the finance and Trade Institute of the Chinese Academy of Social Sciences, has already indicated that China's export tax rebates accounted for the whole in 2008.

The proportion of 32% has been very high.

In any case, the state has raised the export tax rebate rate, which shows that the government's concern and support for textile export enterprises will increase business confidence.

So as to accelerate the pace of economic recovery in China.

Editor in chief: Wang Xiaonan