Sunnyjoint Will Pay Attention To On Export Tax Rebate Policy

- Oct 11, 2018-

The executive meeting of the State Council held on October 8th re-entered the cost, promoted exports, stabilized foreign trade, and decided to further improve the export tax rebate policy and speed up the tax rebate: from November 1st, the current export tax rebate The rate is 15% and part of 13% is raised to 16%; 9% is raised to 10%, of which part is raised to 13%; 5% is raised to 6%, and part is raised to 10%. At the same time, the tax system will be further simplified, and the tax rebate rate will be reduced from seven to five. The export enterprises with good credit and tax records will simplify the procedures, shorten the tax refund time, fully implement the paperless tax refund declaration, and improve the efficiency of tax refund review.

Market analysts believe that the State Council’s move coincides with the moment when the Sino-US trade war is escalating and foreign trade exports are overcast. The export tax rebate rate and the optimization of export policy services can be reduced to reduce the burden on enterprises and maintain stable growth of foreign trade. Effect. Since the beginning of this year, the Ministry of Finance, the Ministry of Commerce and other departments have launched a number of rounds of stable foreign trade initiatives. The most important one is the export tax rebate rate adjustment policy jointly issued by the Ministry of Finance and the State Administration of Taxation on September 5. Since September 15, a total of 397 products have been greatly improved in export tax rebate rate, and some of the goods tax rebate rate is directly from 0. Jumped to 16%. In this list, a total of 93 petrochemical commodities, including chemicals, plastics and rubber, accounted for the highest proportion, reaching nearly 1/4. Among them, the export tax rebate rate of polystyrene, ethylene propylene rubber, polyisobutylene, polylactic acid and other products increased to 9%; the export tax rebate rate of antifreeze and thawing agent, sodium glutamate and other products increased to 13%; pure MDI, poly pair The export tax rebate rate for products such as butyl phthalate has increased to 16%.Sunnyjoint will pay attention to on export tax rebate policy.