It is getting closer and closer to the export tax rebate 'Saihongbao'.
On October 25, the Ministry of Finance and the State Administration of Taxation issued the "Notice on Adjusting the Export Tax Rebate Rate for Some Products" (hereinafter referred to as the "Notice"), and adjusted the export tax rebate rate for some products. This is the fiscal year since September this year. For the second time, the Ministry made a large-scale adjustment of the export tax rebate rate in the form of documents. At the beginning of September this year, the above-mentioned departments jointly issued the "Notice on Improving the Export Tax Rebate Rate for Electromechanical, Cultural and Other Products", since September 15, Increase the VAT export tax rebate rate for electromechanical, cultural and other products.
The Ministry of Finance re-adjusts the export tax rebate rate. Some plastic export products realize 100% VAT refund.
According to the contents of this Notice, the export tax rebate rate for paper film, plastic products, bamboo flooring, grass woven fabrics, tempered safety glass, lamps and other products increased to 16%; lubricants, aircraft tires, carbon fiber, some metal products The export tax rebate rate for other products increased to 13%; the export tax rebate rate for some agricultural products, bricks, tiles, fiberglass and other products increased to 10% while canceling the export tax rebate for soybean meal. The above measures will be implemented from November 1 this year.
Part of the list of exported plastic raw materials and plastic products (Note: the right side of the space number 16 is the tax rebate rate, unit: %)
Part of the list of exported plastic raw materials and plastic products (Note: the right side of the space number 16 is the tax rebate rate, unit: %)
On March 28 this year, the State Council executive meeting decided to deepen the VAT reform measures. The meeting decided that from May this year, the VAT rates for industries such as manufacturing and transportation, basic telecommunications services, etc. will be 17%, 11% respectively. It will be 16%, 10%. This means that starting from the 1st of next month, with the return of tax refund policy and tax refund list, some domestic export products will be able to achieve 100% tax rebate on VAT.
Since the second half of this year, China has frequently increased the tax burden and increased the export tax rebate rate of products. Relevant senior scholars have expressed the following two reasons:
First, the most direct purpose of adjusting the export tax rebate is to reduce the burden on enterprises. Export tax rebate is a tax system that refunds the indirect taxes such as value-added tax and consumption tax already paid by enterprises to export enterprises. For export enterprises, the main refund In the context of the increasing global trade protectionism, China has increased the export tax rebate rate for some commodities and expanded the scope of products. On the one hand, it is decompression for export enterprises, on the other hand, it can help enterprises to improve their response. The ability of external shocks such as tax increases imposed by Sino-US trade frictions.
Second, along with the domestic technology, the increase of production capacity and the increase of major planning projects in recent years, some domestic plastic raw materials and products are facing the severe situation of 'capacity warning', and the methods of defusing further accelerate the deepening of research and expand these products. Application areas, letting them go abroad, and exporting to other countries is also an important way. The export tax rebate will further enhance the competitiveness of these domestic raw materials and products in the international market. Take PC as an example, Southeast Asia and India in recent years. The demand for PCs in other regions has increased significantly, and in addition to my foreign Asian PC production areas are in a net export state, the return of this tax rebate will undoubtedly enable domestic PC products to have stronger competitiveness in the fierce market competition. .