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| China's merchandise exports and tax rebates will be reduced |
From July 1, 2831 China's export tax rebate will be adjusted, adjusting the product or about all the customs tariff of 37% of the total number of goods. This is the latest release of "the State Administration of Taxation Ministry of Finance with regard to the reduction of export tax rebate rate of some commodities notice" provided. In September last year, a number of export countries have already carried out the adjustment of export tax rebate policy.
The policy adjustment, and further including the abolition of cement, fertilizers, dyes, metal carbide, such as 553 "high energy consumption, high pollution, resource-based" products of export tax rebates. 2268 easy to reduce the trade frictions caused by the goods the export tax rebate rate, including: clothing, shoes, hats, bags, toys, paper products, vegetable oils, such as low value-added mechanical and electrical products, furniture, and viscose fiber.
At the same time, peanut nuts, oil painting, carving boards, stamps and revenue stamps, etc. 10 export commodities of export tax rebate policy change.
"The abolition of some commodities and lower export tax rebates, will increase the cost of China-related exports, which exports some of the rapid growth inhibition." Relevant person in charge of the Ministry of Finance yesterday said that in an interview. He also said that the export tax rebate policy adjustment with emphasis on structural adjustment, not the normal exports significant negative impact.
CITIC built from cast Jianfang, chief economist, told reporters that the adjustment of export tax rebate rate the market had expected, the adjusted trade surplus this year will not have much impact, "the overall situation of China's high trade surplus will continued. " |
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