Export Tax Rebates 7 Months Out Of The New Regulations Textile, Machinery Is The Most Dependent On Tax Rebate

The new export tax rebate regulations began to be implemented in July.

Every adjustment of tax rate affects the nerves of export enterprises.

From July 1st onwards, the new export tax rebate policy will be formally implemented.

The new regulations for the export tax rebate after adjustment include expanding the scope of tax refund for the acquisition of goods exported by production enterprises, adjusting the duty of some export goods to tax exemption, adjusting the time limit for tax rebate declaration from 90 days to the longest 470 days, increasing the content of tax exemption management for export goods, and canceling the 12 month audit period of small enterprises and new export business enterprises.

"Right now.

The larger ones are mainly labor-intensive industries, such as

"

Li Zhenyi, the manager in charge of freight forwarding and customs declaration, told the Economic Herald reporter that although the garment industry enjoyed 13% and the machinery industry enjoyed 17% of the high export tax rebates, many enterprises had not had a good time.

"The main purpose of the export tax rebate adjustment is to promote exports. This adjustment tax rebate scope, reporting cycle and threshold have been loosened, which is a good thing for export enterprises, especially small and medium-sized export enterprises, but the stimulation effect on exports is limited."

Wang Chen, director of the Shandong center of the international financial management association, said most exporters are more concerned about when the external demand will pick up.

Textile machinery relies most on tax rebates.

"At present, the company's export tax rebate is 13%, but our dependence on export tax rebate policy is not large."

Wang Kexin appeared very calm in the face of the interview with the reporter.

In fact, the export tax rebate has great impact on the profits of most building materials companies such as steel, ceramics and glass curtain walls. But because the wood plastic composites belong to the new environmental protection building materials, the products in the European market are in short supply, and our profit margins are large, so the impact of the rebate rate fluctuation on the company's performance will not be too obvious.

Wang Kexin said.

However, most exporters are not so free and easy.

As Li Zhenyi said, declining performance and sluggish exports have become common faults in textile and machinery processing industries.

Take Shandong Ruyi (002193) as an example, as the leader of textile industry in Shandong Province, it achieved a profit of 9 million 836 thousand and 700 yuan last year, a decrease of 81.91% over the same period last year.

For the decline in performance, the company attributed the main reason to "suffer".

Export orders have been greatly affected by the situation. "

The reporter noted that the operation of Shandong Ruyi is still not ideal this year, and net profit fell by 45.42% in the first quarter.

From the above earnings report, 13% of the export tax rebate rate for the performance of the great decline of Shandong Ruyi, the significance is not the same.

In fact, there are many similar examples.

For example, Aboriginal Chemistry (300261), the company's export tax rebates accounted for 41.82%, 30.52% and 39.95% of the current net profit from 2009 to the first half of 2011, respectively.

At present, there are similar situations in Pearl River Bridge, EAST, and ground Han Yu waiting for IPO.

New regulations focus on small and medium enterprises

The new regulation of the new export tax rebate, which is supplemented and revised, is the biggest point of view, which is to expand the scope of export tax rebates for production enterprises.

It is understood that this adjustment has increased the number of goods that are deemed to be related to the production and operation activities of the enterprise, and have been adjusted from tax to duty free for some export goods.

It mainly includes export enterprises failing to declare tax rebates within the prescribed time limit, and goods that have declared tax rebates but do not make up the relevant certificates to the tax authorities within the prescribed time limit. This will not be refunded, and will be adjusted to tax exemption according to the regulations of domestic sales tax.

At the same time, the tax rebate deadline was relaxed.

Enterprises are required to declare tax rebates within 90 days after the declaration of goods for export. Otherwise, no tax rebates will be granted. The goods that are now exported to be exported must be declared tax rebates during the various value-added tax declaration periods from April to the next year.

"Many of the policies of this adjustment focus on SMEs."

According to Wang Chen analysis, by adjusting the current export contract and the scope of export goods and the conditions of production enterprises that declare the tax refund in advance, the scope of the goods will be extended to pport vehicles and machinery and equipment with a production cycle of more than 1 years, and the restrictions on the export scale to more than 30 million dollars will be abolished. The assets of the enterprise will be changed to 3 times the net assets of the previous year than the value added tax of the same period and the consumption tax refund amount.

It has been too long to accumulate weight.

"The rapid appreciation of the renminbi, coupled with the weakness of external demand and the trend of trade protectionism in developed countries, this year's export situation is worsening. The reform of export tax rebate reflects the government's determination to promote export recovery."

Wang Kexin said.

The officials of the State Administration of Taxation explained the reasons for the adjustment of the export tax rebate policy. It was based on the development of the current economic situation and the fact that the tax rebate policy had many problems, such as many documents were adjusted and the regulations were scattered.

Data from the Ministry of Finance showed that in May, the national export tax rebate was 97 billion 200 million yuan, or 29 billion 500 million yuan more than the same period last year, an increase of 43.5%.

This also shows that the state's support for export enterprises is continuously increasing.

For the effect of the adjustment, Ampang believes that the adjustment of the export tax rebate policy is part of the "steady growth" economic policy, with the aim of speeding up the growth rate of foreign trade.

The foreign trade situation in the next few months is hardly optimistic. The government's timely adjustment of the export tax rebate policy will facilitate the operation of export enterprises, but the effect still needs to be tested in practice.

As business operators, more entrepreneurs are more concerned about the improvement of the market.

"The most important factor for increasing exports is the increase in export demand and the expansion of the export market."

In an interview with reporters, Wang Haoping said that reducing the financing costs and production costs of enterprises and upgrading the technological content of products is the key to cope with the weakness of exports.