The Export Tax Rebate Reduction Has Once Again Become A Hot Word In The Field Of Foreign Trade &Nbsp; The Textile Industry Shows Great Pressure.
Just released in April foreign trade Data show that China Exit Still strong. But analysts told reporters that based on the monthly export volume hit a record high, this may make it possible. Export tax rebate The reduction has once again become a hot word in the field of foreign trade.
After the two sessions this year, the state will spread the news of export tax rebates on the "two high one capital" industry. Some industry adjustment methods also flow into the market, such as textile and garment export tax rebate rate will be reduced from 16% to 11%.
Recently, it was also reported that the export rebate rate of some aluminum profiles will be reduced from 13% to 9%. However, no official or public announcement has been publicly confirmed by the Ministry of finance.
According to the Ministry of commerce data, the average profit margin of China's export enterprises in 2010 was 1.47%, which dropped to 1.44% in 1~2 this year.
At present, the controversy over the adjustment of export tax rebates mainly focuses on enterprises, especially whether SMEs can withstand the negative blow brought by the loss of profits. Take textile as an example, in 2010, the total export volume of textiles in China amounted to 77 billion 51 million US dollars, and the export tax rebate was about 78 billion 500 million yuan. Floating up and down one percentage point will be related to the textile industry's profit of about 5 billion 200 million yuan.
The executives of the enterprises mentioned above also say that the invisible loss of profits is the last thing that enterprises want to see. Although it does not make the enterprises unable to run normally, once the tax rebate rate is lowered, enterprises will definitely consider reducing export volume and turning to the domestic market.
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