At the State Council executive meeting hosted on October 8, the measures to improve the export tax rebate policy and speed up the tax rebate were determined. This measure will reduce the burden on enterprises and maintain stable growth of foreign trade.
The meeting pointed out that the implementation of export tax rebate is in line with the rules of the World Trade Organization. Further improving the export tax rebate policy and speeding up the export tax rebate will help deepen the supply-side structural reform, promote the real economy to reduce costs, and help to cope with the current complex international situation and maintain foreign trade. Steady growth.
The meeting decided that from November 1, 2018, in accordance with the principle of structural adjustment, with reference to international common practice, the current export tax rebate rate for goods is 15% and part of 13% is raised to 16%;
Tax refund rate display for some export products
9% to 10%, and some to 13%;
5% to 6%, and some to 10%
The export tax rebate rate for products with high energy consumption, high pollution, resource products and tasks facing de-capacity remains unchanged. Further simplifying the tax system, the tax rebate rate has been reduced from the original seven to five.
At the same time, the meeting also determined that in order to further speed up the tax rebate, the export enterprises with high credit ratings and tax records will simplify the procedures, shorten the tax refund time, fully implement the paperless tax refund declaration, improve the efficiency of tax refund review, optimize the tax refund service, and help enterprises collect the bills in time. The certificate will be refunded, and the full coverage of the electronic retreat will be realized as soon as possible.
Encourage foreign trade comprehensive service enterprises to provide tax refund services for small and medium-sized enterprises. Resolutely crack down on fraudulent export tax rebates. By adopting the above measures, the average time for tax refunds will be shortened from 13 working days to 10 working days before the end of this year.