TAX NEWS - 2010

Export tax rebates

Export tax rebates - Forced to accelerate the upgrading of foreign trade industry

July 15, China will cancel part of the steel, nonferrous metals, building materials, pesticides, chemicals, plastics, and products such as six categories of 406 tariff lines of export tax rebates. This is the August 1, 2008 the State raised the export tax  rebate rate of resumption of policy, the first time to adjust export tax rebate policy to reverse.

The cancellation of export tax rebate for some commodities, is the second in August 2008 China raised export tax rebate rate of resumption of the policy, the State for the first time to reverse the export tax rebate policy adjustment. Previously, the 406 kinds of goods are entitled to 5% to 17% of the export tax rebate rate. Elimination of export tax rebate, which means enterprises can enjoy some of the original export tax rebate benefits will be canceled.

In the "Eleventh Five-Year Plan" last year, the general direction of the abolition of export tax rebate is based on low-carbon energy, "two high and one capital" and the elimination of backward production capacity in the direction of the.

Wu Bin, frankly admitted that  the export tax rebate adjustment is not on our city a direct impact on export industries, but it exports to the city sounded the alarm industry, foreign trade has Forced the role of transformation and upgrading. Whether Ya exports to the healthy development of industry, or for long-term development, Yaan business transformation and upgrading should be as soon as possible, innovative products and eliminate backward production capacity, improve value-added products to meet market changes, increasing the technological content of export products, increase of added value, reduce resource consumption, as there are more.

In fact, both on and off before the phase out backward production capacity, and now introduced a new policy, there is foresight of the company very early to prepare. Our city one of the major exports, Ya An Lvxing Environmental Products Co., Ltd. General Manager Liu Jian that a reliance on scientific and technological progress, the transformation of traditional products, and vigorously promote independent innovation, has become a business operator in the production before the first consideration. Financial crisis caused a huge influence on many companies, but by virtue of the Green Xing is innovation, and actively develop marketable green, environmentally friendly disposable degradable tableware, in the European market, "came out top," grabbed a lot of orders. This year from January to May, the Green Hing up 797 percent of industrial output, setting a record company's new growth and new product output value has reached more than 40%. Now, the hands of the Green Xing order to shake a stick at the end.

Many enterprises have expressed concern about the export tax rebate policy.August 2008 to last June, in order to promote foreign trade to resume, the state raised the export tax rebate rate of 7 times. In August 2008 prior to the export tax rebate rate down again. Entrepreneurs worry about the cancellation of part of the city merchandise export tax rebates, will lead to the continuous adjustment of export tax rebate policy, that foreign trade will face out of rescue measures. Once the areas of labor-intensive industries into tax cuts.Many foreign trade enterprises will be seriously affected.They also said that the change of the economic growth mode is common ground, developing energy-saving, low-carbon economy is the only way for future business. Therefore, this time by deleting some of the export tax rebate rate of primary products, can use the power of the market economy and eliminate backward production capacity, changes in product mix, in the long run will benefit the industry as a whole.