Temporary Adjustment Of Export Tax Rebate In Garment Industry

Recently, market Rumors that the export tax rebate rate of textile and clothing will be reduced by 5 points to 11%. Ministry of Commerce One person denied this rumor.

After the "two sessions" in 2011, the state will reduce the "two high one capital" industry with "high pollution, high energy consumption and resource". Export tax rebate The news spread further in the bookshops, and it was revealed that more than 100 tax numbers were involved in the export of clothing commodities.

The rumor pointed out that the relevant ministries and commissions would reduce the rebate rate of garment export in April 1st, but the news was strongly opposed by the Ministry of Commerce and the Ministry of industry and commerce.

For market rumors, textile and garment export tax rebate rate will be reduced by 5 points to 11%, the commerce department pointed out that in view of the current textile exports face greater cost pressures, the possibility of a sharp reduction in the short term is relatively small, but from China to change the direction of export oriented development, the next step down or even cancel will be a major trend, which is related to China's foreign trade policy from "export strategy" to "import strategy", and the "12th Five-Year plan" transformation of the same origin.