The Increase Of Tax Rebate Rate Will Increase The Export Of Textile And Clothing In Laiwu, Shandong.
Since August 1st, the export rebate rate of some textiles and garments has increased from 11% to 13%.
This is the first tone since the reduction of the export tax rebate rate in China in 2006.
The adjustment involves 44 categories of textile and clothing products of 9 categories and 45 categories in Laiwu, accounting for 92.6% of the total textile and garment exports in the city.
It is estimated that by the end of this year, the export of textile and garment will increase by about 10 million US dollars.
The export tax rebate rate increased by 2 percentage points, equivalent to 1 yuan per export increase revenue of 0.14 yuan.
From 8 to December this year, the general trade of textile and clothing will be exported to US $36 million, which will increase the tax rebate by 4 million 560 thousand yuan.
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