Official Announcement! The Spring Of Chemical Industry Is Coming! A Large Number Of Chemicals To Raise The Tax Rebate Rate!

Three month Seventeen On the same day, the Ministry of Finance and the State Administration of Taxation issued the announcement on improving the export tax rebate rate for some products. Three month Twenty From the date of implementation.

Export tax rebate is a way that the state uses tax leverage to reward exports. Generally, it can be divided into two categories.

The first is the refund of import duties. When export products are processed by imported raw materials or semi-finished products, the export tax is refunded.

The two is to refund the already paid domestic tax, that is, when the enterprise prepares for customs declaration, it returns the corresponding domestic tax paid for the production of the commodity.

Under the influence of the new crown epidemic, China's chemical terminal consumer market has seen a sharp decline, coupled with the collapse of crude oil prices caused by Saudi Arabia's dumping, many chemical products have seen a sharp fall in prices. The adjustment of the export tax rebate rate is the state's strong heart for chemical enterprises, which is used to encourage the export of domestic chemical products and alleviate the crisis of domestic oversupply.

In addition, when the integration projects are coming into operation soon, the domestic bulk chemicals may cause imbalance between supply and demand, resulting in a drop in the price of chemicals. In order to alleviate this contradiction, vigorously developing overseas markets is the main way for domestic chemical enterprises to save themselves, so improving export tax rebate rate is also helpful from the policy level.

Therefore, a large number of chemical rebate rates will increase in China, which will ease the pressure on the start-up of chemical enterprises and reduce the operational risks of enterprises. Even if prices fall, the government's tax rebates will be subsidized. Of course, trying to stimulate consumption and expand sales, export overseas is the fundamental policy to protect enterprises.