[China Glass Network] The Ministry of Finance and the State Administration of Taxation jointly issued the "Notice of the two ministries and commissions on raising the export tax rebate rate for some commodities" yesterday. The notice pointed out that from November 1st, the export tax rebate rate for some commodities will be adjusted, some of which will be textiles and clothing. The export tax rebate rate has increased from 13% to 14%. This is the second increase in textiles and clothing in three months after the export tax rebate rate for some textiles and garments was raised on August 1 this year. It is also China since 2006. The second round of corrections since the introduction of the foreign trade policy on corporate export tax rates was introduced.
Help textile companies tide over the difficulties
The reporter noted that the product targets raised this time are some labor-intensive and high-tech, high value-added goods, specifically: increase the export tax rebate rate for some textiles, clothing and toys to 14%; export daily and art ceramics The tax rebate rate has increased to 11%; the export tax rebate rate for some plastics (7850, -285.00, -3.50%, bar) has been increased to 9%; the export tax rebate rate for some furniture has been increased to 11%, 13%, and there are other Some goods have also been raised. According to statistics, the export tax rebate rate adjustment involves a total of 3,486 items, accounting for 25.8% of the total number of goods in the customs tariff. Among the adjusted commodities, textiles, clothing and light work are China's more important labor-intensive products and export bulk products. In this upward adjustment of export tax rebate rate, they still occupy a more important position.
The reason for the increase in the export tax rebate rate is that the head of the Taxation Department of the Ministry of Finance and the Department of Goods and Services Tax of the State Administration of Taxation has publicly stated that with the continuous expansion of the impact of the US financial crisis, the consumer confidence index of developed countries has fallen sharply, and import demand has fallen. It will inevitably have an adverse impact on China’s exports. If no measures are taken, it is expected that exports will decline in the future and the difficulties of export enterprises will further increase, which will have an adverse impact on China's overall economic development. Therefore, it is necessary to help enterprises establish confidence and tide over the difficulties through appropriate adjustment of fiscal policies, and prevent the passive situation that affects China's economic development due to the sharp decline in exports.
After the export tax rebate policy for textiles and garments was raised, the reporter interviewed Zhang Jingsheng, secretary general of the Shenzhen Textile Industry Association. He told reporters that this is undoubtedly a big favorable policy for the textile industry in distress, although the export tax rebate rate for textiles and clothing is only one point, but for the textile and garment enterprises in trouble. Still very precious, it will help companies to survive the difficult times.
He analyzed that textile companies are in trouble due to factors such as the economic downturn in Europe and the United States, the acceleration of the appreciation of the renminbi, and rising production costs. Taking our city as an example, the export situation has deteriorated this year, which has led to the obstruction of export sales of many textile and garment enterprises, which has to be converted from domestic sales to domestic sales. In the current situation, the proportion of export sales has dropped significantly, which is a serious blow to the Shenzhen textile industry, which has a large dependence on foreign trade. According to statistics, in the first half of this year, the export of clothing and textiles in our city was 4.6 billion U.S. dollars, a year-on-year decrease of 52.3%, and the net export value decreased by 5.04 billion U.S. dollars.
"The textile export tax rebate rate is raised. The purpose is obvious. It is to save the plight of textile enterprises, restore the vitality of China's textile and garment industry, and help textile enterprises to tide over the difficulties. The government's support is conducive to textile and garment enterprises to develop foreign trade markets, taking into account domestic sales and export. To help enterprises grow bigger and stronger. Zhang Jingsheng also believes that although the government's support can help enterprises solve the problem of the moment, the more fundamental solution is to rely on the enterprise itself. Enterprises must increase value-added, reduce costs, and build brands. Practice the internal strength and form the ability to resist risks.
The industry praises this favorable policy
The reporter also interviewed the relevant persons of the Municipal State Taxation Bureau and enterprises yesterday. They believe that the Ministry of Finance and the State Administration of Taxation have raised the textile export tax rebate rate twice, from 11% to 14%, a total increase of three percentage points, which is a strong support for textile export enterprises.
According to relevant persons from the State Administration of Taxation, Shenzhen’s export-oriented economy accounts for a large proportion. Since the beginning of this year, textile and other export commodities have been hit hard by the international market. The taxation department strictly implemented the national tax rebate policy. As of October 10, the municipal tax bureau has handled a total of 40.034 billion yuan in export tax rebates including textiles, an increase of 28.47% over the same period of last year. The annual tax rebate (exemption) has exceeded 2.339 billion yuan. This is the first time in the year that the city's national taxation department handles the export tax rebate (exemption) tax amount of 40 billion yuan. For the policy of re-adjusting the export tax rebate rate for textile and apparel products from November 1, the taxation department of the city has no technical or procedural problems, and will be implemented as scheduled. Shenzhen textile enterprises can get tax rebates according to the new standard faster by the end of December. .
For the textile export tax rebate rate is raised again, Zhou Sheng, chairman of Shenzhen Yizhihui Fashion Group, said that this reflects the state's support for textile export enterprises, which is conducive to boosting market confidence and adding people's expectations for follow-up support policies. However, the current difficulties encountered in textile exports are caused by a combination of factors. Therefore, the difficulties encountered by textile export enterprises are serious. The state needs comprehensive measures including increasing the export tax rebate rate to provide comprehensive support. Help companies get out of the valley as soon as possible. At the same time, enterprises should also increase investment, innovation, technology, brand, and continue to expand the domestic market, increase the ability to resist risks, and upgrade from traditional industries to modern enterprises as soon as possible.
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