The Export Rebate Rate Of Some Products Has Been Raised, And 35 Textile Products Deserve Attention.

In order to support foreign trade enterprises to tide over difficulties and help to resume production and resume work, the Ministry of Finance and the State Administration of Taxation announced recently that Since March 20, 2020, the export tax rebate rate of 1084 products such as porcelain sanitary ware has been raised to 13%, and the export tax rebate rate of 380 products such as plant growth regulator has been raised to 9%.

Combing the list of products to increase the export rebate rate, The textile industry includes: The export tax rebate rate of 1 products for cleaning dental joints (dental floss) was raised to 13%. The export tax rebate rate of 8 products that had been tanned and not sewn, whether or not the lead, tail or claws, had been raised to 13%. The export rebate rate of 5 products processed by carding and thinning methods, including the use of wool and other animal hair or other textile materials for wig and similar products, was raised to 13%. The export rebate rate of the 7 products, such as other non combed rabbit hair, was raised to 9%. The export rebate rate of 4 products, namely, asbestos or asbestos mixture and its products (including garments, clothing accessories, hats and footwear, felt, jointing fibers and other asbestos products) has been raised to 13%. The export rebate rate of 10 products, such as fiberglass roving, was raised to 13%.

The tax department said that the export tax rebate rate increase involves a wide range of products and has a wide range of policies. We hope to raise the export rebate rate, reduce the operating cost of foreign trade enterprises, ease the pressure of cash flow, increase the enthusiasm of enterprises' export, and promote stable foreign trade.