China Improves Export Tax Rebate Rate, Six Major Measures To Stabilize Foreign Trade!

The Ministry of Finance and the State Administration of Taxation announced on the 17 th that since March 20, 2020, the export tax rebates of 1084 products such as porcelain sanitary ware -1.html "> Export tax rebate The rate increased to 13%, and the export tax rebate rate of 380 products such as plant growth regulators increased to 9%. This notice has been implemented since March 20, 2020. The export tax rebate rate applicable to the goods listed in this notice shall be defined by the date of export specified on the declaration form of export goods. Li Xuhong, a professor at National Accounting Institute in Beijing, said that by raising the export tax rebate rate, the operation cost of foreign trade enterprises can be reduced, the cash flow pressure of enterprises will be relieved, and the stable foreign trade can be promoted.

China pushes six more measures to stabilize foreign trade and stabilize foreign investment

At the executive meeting of the State Council held recently, the state made the latest deployment of stable foreign trade and stable foreign investment, and launched six "hard core" measures. In order to stabilize foreign trade, tax rebates for all export products with insufficient tax rebates will be reimburse in time and in full except for "two high one capital". We should guide financial institutions to increase foreign trade credit, implement loan repayment, debt service and interest payment policies, and postpone the consultation of small and medium-sized foreign trade enterprises with great influence and good prospects. Support Business insurance company to launch short-term export credit insurance business and reduce rates. We should make preparations for the spring fair and vigorously promote foreign trade cooperation.