From February 1St, The Net Profit Of Textile 15% Rebate Textile And Clothing Industry Increased By 5 Billion 700 Million
Yesterday, the Ministry of Finance and the State Administration of Taxation issued the notice on improving the export tax rebate rate for textiles and garments, which is clear from February 1, 2009. textile , Export tax rebate for garments The rate increased from 14% to 15%, and the adjustment involved 3325 tax numbers.
An industry research report from China's first textile network shows that if the average exchange rate of RMB against the US dollar in 2009 is estimated at 1: 6.5, this textile will be estimated. Export tax rebate for garments Transferred to 15%, will be for textile Clothing export The company received a tax refund of 7 billion 600 million yuan.
Without considering other variables, under the circumstance of 25% income tax, the export tax rebate will increase the net profit of the textile industry by about 5 billion 700 million yuan. Of course, in the case of shrinking global demand and low bargaining power of Chinese textile enterprises, the real profits of enterprises will be greatly reduced.
At present, the pulling effect of exports on China's textile industry is around 45%. From the previous adjustment results, each export tax rebate rate raised by one percentage point will make textile export enterprises directly increase profits, but will not change the overall trend of textile exports.
Wang Qian, editor in chief of China's first textile network, pointed out that the renminbi is likely to regain its speed in 2009, which is unlikely to underestimate the potential impact on export enterprises that have been hit by the appreciation of the renminbi. As far as management is concerned, there is little room for regulating exports. Even if we continue to stimulate exports through various means such as raising export rebates, I am afraid it will be difficult to stop the decline or even the absolute value of export growth of textiles and other related industries.
At present, the slowdown in textile exports in the first half of 2009 is likely to be beyond imagination. According to Wang Qianjin, under the background of great changes in the external situation, the textile enterprises in the predicament of survival need more than just "more valuable confidence than gold", but more targeted and stronger policies and measures.
If textile exports continue to decline in the first quarter of 2009, the possibility of further raising to 17% will also exist.
Editor: vivi
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