Textile For Tax Rebate Still Puzzled Root Cause

Starting from this month, according to the notice issued by the Ministry of Finance and the State Administration of Taxation on improving the export tax rebate rate for textiles, electronic information and other commodities, the textile export tax rebate rate has been raised by 1 points, and 4 points have been set up for building ceramics.

Local entrepreneurs in Foshan say that raising tax rebates is great for ceramic enterprises, but not for textile companies.

Since last year's financial crisis, the state has repeatedly raised export tax rebates for some industries, but construction ceramics have not applied for success.

Since this month, 4 points have been raised. Pu Dingxin, chairman of Foshan 100 pottery group, told reporters that their ceramic exports accounted for about 60%. Under the impact of the financial tsunami, the export profit margins of ceramic enterprises are around 5%. Now the export tax rebate has been raised by 4 points, which is equivalent to nearly doubled profits.

However, for textile enterprises, the 1 point tax rebate increase seems to be in place.

Editor in chief: Xu Qiyun