Leveraging Foreign Trade Development With Tax Rebate Lever

In recent years, the export tax rebate scale has been increasing year by year, and the export tax rebate policy support is also increasing.

Since the beginning of this year, in order to further optimize the export tax rebate management and give full play to the role of export tax rebates in supporting the development of foreign trade, the State Administration of Taxation has revised the classified management measures for export tax refund (Exemption) enterprises.

In September, it issued a notice on further optimizing the administration of tax refund (Exemption) for exported goods in comprehensive service enterprises, aiming to improve the classified management of tax refund (Exemption) in foreign trade comprehensive service enterprises, and promote the stabilization of foreign trade.

Recently, the Ministry of Finance and the State Administration of Taxation jointly issued the notice on improving the export tax rebate rate of electromechanical products and finished oil products.

According to the notice, the export tax rebate rate of the 418 value-added products, such as cameras, cameras, internal combustion engines, gasoline, aviation kerosene and diesel, increased to 17%.

The adjustment has been implemented since November 1, 2016.

Insiders pointed out that, in the face of difficulties facing the current foreign trade development, this move will help to protect fair competition of our foreign trade commodities on the international stage, thereby enhancing the export competitiveness of China's commodities, highlighting the country's stable foreign trade situation and promoting the industry.

Determination.

According to the product list, a total of 418 products related to the export tax rebate rate were found, including automotive gasoline, aviation gasoline, diesel and other energy products, vacuum pumps, electric drill, liquid hoist and other mechanical products, electronic color separation machine, household dishwasher and other electronic and household appliances, power equipment toys and models and other light industrial products, chemical, lighting, hardware and other products.

The list covers a wide variety of products.

"It will stimulate the export of our products."

Yang Wenji, deputy general manager of Suzhou Bao Shi De technology (China) Co., Ltd., said in an interview with reporters.

Yang Wenji said that the export tax rebate rate of the company's products was more than 15%, and the export tax rebate rate raised most of the company's export products.

And profit margins will increase.

"In the current trend of many orders pferring to Southeast Asia, for export companies with independent brands, increasing the export rebate rate of products can expand the export share of the company's products.

The increase in the export tax rebate rate is a good thing for the company.

It is expected that the export volume of the company will grow by about 10% year-on-year, and will continue to maintain a steady growth next year.

Wang Xiaobin, general manager of Guangdong Heng Long Plastic Toys Co., Ltd., exporting electric tank models, also expressed similar views.

Wang Xiaobin told the International Business Daily reporter, in the current weak external demand, labor and manufacturing costs rise, and improve the export tax rebate rate greatly enhance the profit margins of enterprises, the export of the entire industry has played a stimulating role.

Wang Xiaobin said he received notice at the very first time that almost all the products exported by the company were included.

The list of products listed above is currently being further understood.

"The export tax rebate rate of the company's products was 12%~13%, and the export tax rebates applied to last year amounted to nearly 2 million yuan.

Next year, we can apply for more export tax rebates and directly reduce the burden on enterprises.

Wang Xiaobin said.

"This can be said to be a policy of" real gold and silver "and has played a supporting role in stabilizing China's foreign trade.

Bai Ming, deputy director of the international market research department of the Ministry of Commerce, said in an interview with an international business daily reporter.

Bai Ming said that the export rebate rate raised by the company has a high gold content in the stable foreign trade policy.

On the one hand, the increase of export tax rebate rate will help improve the market competitiveness of export products and expand the share of export products; on the other hand, it will help stabilize foreign trade and adjust the structure and speed up the pace of industrial pformation and upgrading in China.

Bai Ming believes that raising the export tax rebate rate will help enterprises to move towards more high-tech and high value-added products.

Bai Jingming, vice president of the Chinese Academy of fiscal Sciences, said that the adjustment of the export tax rebate rate of some products has delivered two positive signals: first, to stabilize exports and to effectively expand external demand; the two is to ensure fair competition between China's foreign trade enterprises and international enterprises at the same starting line and enhance the competitiveness of China's commodity exports.

"Foreign commodities are full tax rebates. This will increase the export tax rebate rate of some products to 17%, which means that these commodities have also achieved full tax rebates, thereby protecting fair competition of Chinese enterprises' commodities on the international stage and stabilizing the development of foreign trade."

Bai Jingming said.