Since September 15th, the export tax rebate rate of 397 products of plastic chemical products has been greatly improved, and some of the commodity tax rebate rates have jumped directly from 0 to 16%!
On September 5, the Ministry of Finance and the State Administration of Taxation jointly issued the Notice on Improving the Export Tax Rebate Rate for Electromechanical, Cultural and Other Products! These 397 categories of goods, if the customs declaration form is declared on September 15 (inclusive), Will be able to enjoy the new tax rebate rate!
At present, the Sino-US trade war is escalating, and foreign trade exports are overcast. For most plastic products, the addition of a 25% tariff means not only no profit, but also a loss, which is tantamount to 'destruction'.
Compared with the list of products worth US$50 billion that have been subject to tariffs for several consecutive rounds in the United States, it is not difficult to find that among the products that increase the export tax rebate rate, chemical products account for the highest proportion, about 1/4!
Ningbo is one of the important petrochemical and new materials industrial bases in the country. It has a good industrial base and great development potential in the field of new chemical materials. This series of products that increase the export tax rebate rate covers almost all of Ningbo's major export categories. In the context of Sino-US trade friction, the government gives the company a shot in the arm!
However, Xiao Bian predicts that if foreign investors know that the export tax rebate rate has increased, it is likely to put pressure on the price of waste plastics and raw materials. According to past experience, customers know more about China's actual situation. Maybe after one or two months, there will be a price drop. Or price reduction trend.
The US$200 billion plus tariffs are coming soon. At present, most of the ports in the United States have already opened their warehouses. The various costs have risen. Most of the products are expected to be shipped as soon as possible to alleviate the loss of tariffs.
Today, the US government is counting on increasing tariffs and squeezing China's export share. This is difficult to achieve in the short run. Increasing the export tax rebate rate will allow plastics and chemical companies to have more room to tide over the difficulties and find a way out.
The company should not only see the increase in export tax rebate rate, but also increase the high added value of products and improve the technical content of products. At the same time, it should be prepared in time to try to control production costs and strive to improve production. benefit.