Tax Rebate Rate Raised Again, How To Seize Opportunities?

Since yesterday, the export tax rebate rate of electromechanical products with high technical content and high added value has been raised again. This adjustment coupled with the three adjustment in the second half of 2008, since 2008, the state has increased the export tax rebate rate for four consecutive times.

How does the adjustment of the four export rebate rate bring benefits to Quanzhou enterprises?

How will Quanzhou enterprises make use of the opportunity to raise the export tax rebate rate to prepare for the new round of development?

The average tax rebate rate has increased by 2.45 percentage points. Reporters learned from the import and export tax administration department of the Municipal Taxation Bureau that the total export volume of our city in 2008 was US $5 billion 170 million, which benefited from the 3 consecutive increase in the export rebate rate in 2008. The export enterprises in Quanzhou will increase the tax refund amount of 704 million yuan. In 2008, the total tax rebate in the city amounted to 3 billion 900 million yuan, accounting for 1/4 of the total tax rebate in the whole province.

After the 3 adjustment in 2008, the average tax rebate rate in Quanzhou increased from 10.25% at the beginning of the year to 12.7%, an increase of 2.45 percentage points and an increase of 23.9%.

As of December 30, 2008, a total of 1899 export enterprises had been declared to refund (Exemption) tax in Quanzhou.

It is understood that the implementation of the tax rebate rate adjustment policy implemented today involves 81 kinds of export commodities and 95 million 260 thousand US dollars of export volume, affecting 4.67% of the total. The major products that are more affected are three motorcycles, faucets and cables.

The tax rebate rate adjustment can add a new tax refund of 19 million yuan, plus the first three tax rebate adjustments, Quanzhou can get 723 million yuan tax rebate "cake".

Huang Yali, director of the Quanzhou import and export tax administration section of the State Administration of Taxation, said that the increase in the export tax rebate rate has increased the stamina and confidence of Quanzhou's enterprises.

However, the development of export enterprises must not rely solely on the export tax rebate policy. If enterprises are only satisfied with the increased profits at the moment, they will not continue to improve in terms of product structure and technology content, and will remain in a passive position in the future market competition.

Chen Cangsong, vice president of Fujian Hongyuan Group, said, "raising the export tax rebate rate will help reduce the cost of enterprises, increase the profits of enterprises, ease the tension of the capital chain, and have more competitive space in the process of negotiations with foreign businessmen.

However, after all, this is only an expedient measure. It is the most important thing to pform through product innovation and improve the competitiveness of products and enterprises.

Chen Cangsong believes that in the context of the decisive role of external demand, the most important problem facing export enterprises is the decline in orders.

To some extent, the export tax rebate rate helps to alleviate the current difficulties of enterprises, but it is difficult to change the status quo of the industry's exports.

It is imperative for enterprises to make good use of the development opportunities brought by the export tax rebate rate increase, increase the technological content of products and pform the growth mode.

According to our understanding, since 2008, the export volume of Hongyuan Group has dropped by 30% compared with the same period in 2007. However, we have found a new profit growth point through innovative products. The output of new products accounts for 30% of the total output, while the profit contribution rate accounts for 60%.

Chen Cangsong said.

"We turn from export products to export brands. This is why we still maintain rapid growth in the severe economic situation in 2008."

Xu Jingnan, chairman of PEAK group, said in an interview with reporters earlier.

It is understood that because of the general lack of core technology, lack of differentiation and lack of brand, Chinese export enterprises can not easily raise prices, and many enterprises will give profits to the customers from the export tax rebates granted by the state.

If an exporters can make good use of the profits raised by the tax rebate rate and enhance the strength of products and enterprises, they will be able to speak straight in the trade negotiations with foreign businessmen.

The four adjustment of China's export tax rebate rate since 2008: since August 1, 2008, the export tax rebate rate of some textiles and garments has increased from 11% to 13%.

Since November 1, 2008, the export tax rebate rate of some textiles and garments has been raised to 14%. In addition, the export tax rebate rate of some toy products has increased to 14%.

China has also increased the export tax rebate rate of anti HIV drugs and other high technology and high added value commodities, raising the tax rate to 9% to 13%.

From December 1, 2008 onwards, we will further improve the export tax rebate rate for some labor-intensive products, electromechanical products and other 3770 commodities that are more affected.

Since January 1, 2009, the export tax rebate rate of electromechanical products with high technical content and high added value has been raised.

Editor in charge: Yang Jing