The Export Tax Rebates Will Be Borne By The Central Government From 2015.

With the approval of Premier Li Keqiang, the State Council recently issued the notice on improving the mechanism of export tax rebate burden (hereinafter referred to as the notice).

The notice is clear: from 2015 onwards, the export tax rebates (including value-added tax for export goods and business tax revaluation VAT export rebates) are all borne by the central government, and the local export tax rebate base which was originally borne by the local authorities in 2014 was fixed on the quota. At the same time, the central government will no longer implement incremental return on local consumption tax, instead of the consumption tax rebate in 2014.

The notice requires that Treasury Department Specifically responsible for approving the local export tax rebate base and the central authorities. Excise tax Return the base number and so on.

This reform and improvement of the export tax rebate burden mechanism will not change the government's export to enterprises. drawback On the basis of ensuring the timely and full implementation of the export tax rebate funds, the policy further standardizes the Intergovernmental income division, which is of great significance for solving the problem of regional burden mismatch, maintaining the national unified market, and promoting the sustained and healthy development of foreign trade and the economy.

The tax refund for export products is an international practice and is in line with the WTO rules. The export tax rebate mechanism includes two aspects: first, the government's export tax rebate system for enterprises; and the two is how to share the export tax rebate funds among governments at all levels. At present, the central and local export tax rebate sharing method is over the base part of the central and local 92.5:7.5 share. In the course of the specific operation, the central government will refinance the export tax rebate funds to the enterprises first, and the local financial burden will be solved at the end of the year. At the same time, the central government will give appropriate subsidies to the areas with heavy burden. In 2014, with the approval of the State Council, the central government increased the subsidy to the heavier areas of export tax rebates.

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It is understood that Shandong, Henan, Hubei, Jiangsu and Zhejiang and other parts of small and medium cotton textile enterprises concentrated in the beginning of the month ten to the first month of fifteen to resume production, a small number of better orders, relatively abundant funds of large and medium-sized manufacturers generally advance to the beginning of the month five to the eighth, but there is still a certain proportion of cotton mill, cloth factory at present there is no clear resumption of start-up time.

In some counties and cities of Hebei and Shandong, there are even 30-40% cotton spinning enterprises which neither recruit nor purchase raw materials such as cotton and polyester staple fiber. On the one hand, small and medium-sized textile enterprises generally have tight funds, and the recovery of goods before the Spring Festival is not ideal. They need to wait for the application of bank loans to purchase raw materials and restore production. On the other hand, the processing orders are very few, and the workers' wages generally reach 3000-3500 yuan / month (excluding food and housing, technical personnel wages are mostly above 4000 yuan / month), the tax is heavier, and the domestic cotton price is "high". Spinning basically has no profit or even a slight loss, so holding a wait is the most important thing. Some cotton mills and cloth factories show that the biggest obstacle now is not the transaction price, nor the quality of products, but the downstream demand providers do not ask for information, do not buy, do not turn on the machine, and have no sales support.

At present, most of the raw materials inventory of cotton textile enterprises is concentrated in 7-20 days, and a few large and medium-sized manufacturers have raw materials inventory for 1-2 months. In late 1%, the cotton import quota of the 1% tariff was postponed and the cotton purchase period was postponed. On the one hand, the number of cotton, India cotton, West African cotton, Brazil cotton and Central Asian cotton arrived in 3 and April respectively. On the other hand, the textile enterprises were expected to reduce the import quota in 2015 or the processing trade cotton import quota. On the basis of the principle of "good steel in the knife edge", the purchase of cotton mainly focused on cotton and Australian cotton, but at present, the United States cotton was mainly contracted cotton and foreign trader, and the quotations of cotton and cotton in the United States were much higher than those in West African cotton, Central Asia cotton and other producing areas. Some textile companies due to February

From time to time, in 3 and April, the production of grey cloth and clothing will enter an active period, and the situation of cotton textile mills will gradually improve. Whether the small and medium-sized cotton mills and middlemen can get and seize the opportunity to start production is the key to the reversal of cotton prices. The cotton enterprises in Xinjiang and the mainland are generally optimistic about the cotton market after March.