The export tax rebate rate for some textile products will be raised

The Ministry of Finance and the State Administration of Taxation issued a notice on December 31, 2014: to increase the export tax rebate rate for some high value-added products, textiles and clothing. Including Chapters 50 to 63 silk yarns not for retail use, carded pure wool yarns not for retail use, etc., woolen men’s coats, cloaks and similar items, knitted or crocheted plush fabrics, etc., electric heaters The export tax rebate rate for blankets and other products is increased to 17%; Chapters 67-68: Human hair and wig materials processed by carding, thinning and other methods, whole wigs made of synthetic textile materials, carbon fiber, carbon cloth, carbon fiber prepreg, other carbon fibers The export tax rebate rate for finished products has been increased to 9%. The notice will be implemented from January 1, 2015. The specific implementation time shall be based on the export date indicated on the customs declaration form for export goods (exclusively for export tax rebates). In response to the news, the relevant person in charge of the China National Textile and Apparel Industry Federation said that this move will help encourage exports and expand my country’s market share abroad.

Sound

Among the products with increased export tax rebate rates, including twisted mulberry silk and gray silk, the tax rate was increased from 16% to 17%. Although it was only increased by 1 point, due to the export prices of related products from January to February this year It has been determined with foreign businessmen that the tax refund money will be treated as Spring Festival red envelopes issued to the company. After the tax rebate is increased, foreign businessmen will also ask for sharing of benefits in price negotiations with domestic enterprises, and usually foreign businessmen will take the “big share”. For individual enterprises, they will reduce exchange costs and enjoy a small portion of the benefits, but from the national From a perspective, it will overall improve my country’s competitiveness with other peer countries and increase market share. ——Ling Lanfang, Chairman of Silk Road Group

This time, the price for woolen men’s coats, cloaks and similar products has been increased by 1 point. This is a support for higher value products at the national level. On the surface, it is a good thing for enterprises and can improve the quality of products. International competitiveness, however, this point is usually taken away by foreign businessmen. Therefore, I suggest that the tax rebate support policy be cancelled, because no matter how much the tax rebate is increased, foreign customers will take advantage of it due to vicious competition from domestic peers, and the huge state subsidies will eventually enrich the “outsiders’ field”. If you really want to help enterprises, you can appropriately support competitive enterprises of a certain scale and reduce or reduce taxes or workers’ provident funds and insurance. This part should be linked to the scale of exports, which not only plays a supporting role, but also keeps money in the economy. Domestically, this is also in line with the requirements of the times to integrate resources, improve technical capabilities, and enhance comprehensive competitiveness. ——Chu Xuemei, General Manager of Advanced Customization of Men’s and Women’s Suits of Dalian Fanruike Clothing Co., Ltd.

Since the financial crisis, textile companies have closed down on a large scale, and most companies are struggling to survive, especially export-oriented companies. This increase in the export tax rebate rate illustrates the state’s support for textile export enterprises, which will enhance the confidence of enterprises; at the same time, it will increase sales and profits for enterprises. ——Ding Jianda, general manager of Shaoxing Dechuan Trading Co., Ltd.

From January to November 2014, the export volume and export value of Chapter 57 carpets and other floor coverings of textile materials increased by 6.6% and 6.9% respectively compared with the same period in 2013. The foreign carpet market, especially the economic recovery of major carpet importing countries such as the United States, Japan and Europe, has seen improvements in the market to varying degrees. Under the current favorable economic conditions, increasing the export tax rebate rate for carpets and other floor coverings made of textile materials from 16% to 17% will help Chinese carpet export companies seize current business opportunities, increase export efforts, and Consolidate existing markets and create favorable conditions for developing emerging carpet markets. ——Shen Yi, Marketing Manager of New Zealand Wool Bureau

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