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Textile And Garment Tax Rebate Rate Is Expected To Rise To 16%

2009/3/27 0:00:00 37

From the top executives of the textile industry, it is known that the export rebate rate which will be increased in April 1st, the textile and garment parts may be adjusted from 14% to 15% from the adjustment and revitalization plan of the former textile industry, further raised to 16%, higher than previously expected.

On the same day, other products, including light industry, petrochemical industry, iron and steel, and nonferrous metals, which were approved by the Executive Council of the State Council, were basically adjusted according to the adjustment and revitalization plan of various industries, but there was a slight adjustment.

"Very suddenly", the textile industry said, before the textile industry adjustment and revitalization plan adopted, the export rebate rate of textile and clothing products increased from 14% to 15%.

Since the financial crisis, China's textile and garment industry has been hit harder. In August 1, 2008 and November 1st, China increased its export rebate rate for two consecutive times, adjusting its tax rebate from 11% to 13%, from 13% to 14%.

But since then, despite the high voice of the industry, the export tax rebate rate for textiles and clothing has remained unchanged.

There have been several rumors that the export tax rebate rate for textile and garment is expected to be raised to 17%, but it has always been fruitless.

Finally, in the textile industry adjustment and revitalization plan approved by the Executive Council of the State Council, the export tax rebate rate for textile and garment was determined from 14% to 15%, but according to our reporter, the adjustment range was actually decided in the middle of November 2008.

After the adjustment and revitalization plan of the textile industry was passed, the Chinese Textile Industry Association, as the representative of the industry, continued to make suggestions to the government departments through research and other means. With the deepening of the financial crisis, the small adjustment of the export tax rebate rate can not alleviate the pressure of the enterprises, so it is necessary to strengthen the policy support.

In February, customs statistics showed that the total value of textile and clothing exports was 6 billion 675 million US dollars, down 35.1%.

Among them, textile exports amounted to 2 billion 563 million US dollars, down 32.45%, and clothing exports 4 billion 112 million US dollars, down 36.68%.

If the ratio is calculated, the export of textile and clothing will be 56.17% lower than that in January, of which 45.75% of textiles and 60.86% of clothing.

Therefore, the aforementioned said that this adjustment is a bit higher than previously expected, and also shows that the top level has accepted the views of the industry.

"For example, there are some products that are considered" two high and one capital ", such as leather, paper making, fermentation and so on. The opinion of the Ministry of environmental protection is that it is not appropriate to raise the tax rebate rate to encourage enterprises to produce.

"But we all hope that there will be some special products that can be encouraged," he said.

For example, the leather industry has been debated for a long time, because the process of leather making is polluted, but after tanning, leather products are processed without pollution. The essence is the same as that of garment industry. This part hopes to get some encouraging policies.

But he said it is possible that the Treasury will eventually retain some of the tax rate adjustments for these products.

The former textile industry said that in the previous communication with the relevant ministries and commissions, the information obtained was "17 impossible to return".

This may hurt the expectations of the textile industry.

A few days ago, Liang Yaowen, director of the Guangdong provincial foreign trade and Economic Cooperation Bureau, said at the Guangdong foreign trade and economic cooperation field office meeting that the Ministry of Commerce has already handed in a list to request that the export tax rebate rate of textile and clothing should be adjusted to 17%.

An official of the foreign trade and economic system disclosed to our reporter that in fact, since last year, the Ministry of Commerce has suggested at the State Council coordination meeting several times that it should implement a full refund for most of the export commodities, that is, "17 back 17", and stop using export tax rebates as a means to adjust foreign trade.

The foregoing officials pointed out that in 1997 and 1998, China had had the experience of raising the export rebate rate in the short term in the financial crisis. Now, in the face of a larger financial crisis, the central government should at least ensure that the export tax rebate rate is "no less than the level of 1998".

However, this proposal was strongly opposed by the financial sector, which indicated that such a adjustment would continue to increase the financial burden and be unbearable if the government deficit increased substantially.

And in some specific "two high one capital" products, the environmental protection department continues to produce "red card".

According to the data released by the State Administration of Taxation, the actual export tax rebate in the first two months of this year was 66 billion 700 million yuan, an increase of 20.8% over the same period last year.

At the same time, China's exports fell by 21.1%.

According to the data released by the Ministry of finance, from 1 to February, the tax revenue of the national fiscal revenue was 923 billion 727 million yuan, down 13% from the same period last year.

Among them, the domestic value-added tax decreased by 3.2% compared to the same period last year.

Pei Changhong, director of the finance and Trade Institute of the Academy of Social Sciences, has said that in 2008, China's export tax rebates accounted for 32% of the total value added tax, and the proportion was too high.

An expert who does not want to be named, Ministry of Commerce, Ministry of Commerce, said that because the current export shrinkage is mainly affected by external demand, China's unilateral adjustment of export tax rebate may not be very effective. At the same time, from the survey of enterprises, enterprises are forced to push down sales promotion because of reduced demand, and the export tax rebate adjustment only increases the space for enterprises to reduce prices, and it is also difficult to improve corporate profits.

Editor in chief: Xu Qiyun

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