Tax Rebate Rate Increases More Than 40 Textile Enterprises In Jining
From the IRS of Jining, Shandong, we know that this year, the state raises the export tax rebate rate twice as the pillar industry in the country. More than 40 export textile enterprises in Jining will benefit greatly, which is expected to ease the pressure of funds and strive for more opportunities in the plight.
According to the statistics of the state tax department, there are 41 export textile enterprises registered in Jining. In the first half of this year, the export volume of textiles and clothing that accords with the policy adjustment scope was 173 million 940 thousand US dollars, accounting for 21% of the total export volume of the city. The export rebate rate of textile and clothing products has increased by 3 percentage points in 3 months, which helps reduce the export pressure faced by the textile industry and ease the shortage of enterprises.
This year, affected by the financial turmoil, raw material prices and the reduction of orders, the export of China's textile and garment industry has been blocked, resulting in the export oriented textile and garment enterprises facing survival predicament.
Facing the increasingly serious textile export situation, the head of Jining Sheng run textile Co., Ltd. said: "in addition to enhancing confidence, improving the export tax rebate rate will help to enhance the international competitiveness of enterprises. For enterprises, after the export tax rebate rate is raised, foreign businessmen will adjust the price according to the tax rebate rate to varying degrees, so as to increase the order of enterprises. In fact, the profits of enterprises mainly benefit from the increase of orders.
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