Part of textiles, clothing, toys export tax rebate rate increased to 14%

Finally so fast, the policy is issued, less than 2% of all expected, but, anyway, from here you can see the national emphasis on exports, so we are still very confident about the future.

Business Community, October 22   the Ministry of Finance, State Administration of Taxation jointly issued a "improving part of the export tax rebate rate notice", an appropriate increase in the export tax rebate rate of textiles, clothing, toys and other labor-intensive products and to improve the anti-AIDS drugs and other high-tech, high value-added export tax rebate rate of goods. The experts pointed out that the fourth quarter of fiscal stimulus or frequently debut.

A further increase export tax rebate rate

According to the Ministry of Finance introduced the adjustment involves a total of 3486 products, covering 25.8% of the customs tariff goods. Specifically: the part of the textiles, clothing, toys export tax rebate rate to 14%; for daily use and artistic ceramic export tax rebate rate to 11%; some plastic products export tax rebate rate to 9%; the export tax rebate rate on the part of the furniture increased to 11%, 13%; AIDS drug, recombinant human insulin freeze-dried powder, yellow collagen, toughened safety glass, capacitors tantalum wire, marine anchor chain, sewing machines, fans, CNC machine tools carbide knives and other commodity exports tax rebate rate to 9%, 11%, 13%. The adjustment of export tax rebate rate of 5%, 9%, 11%, 13%, 14% and 17%.

Ministry of Finance Tax Policy Department official pointed out that this adjustment will help to reduce the pressure on the operation of export enterprises are facing, have a positive effect to improve export competitiveness.

Good benefit of textile industry is still hard now

From the adjustment range, the adjustment covering almost all textile and apparel products, including the previously identified as "two high one capital" viscose fiber products. The general tone to show the attitude of the judgment of the national textile export situation and support foreign trade.

At present, the export role in boosting economic growth in the textile, in accordance with a comprehensive estimate of the first textile network in about 45%, textile and garment exports in 2009 total about $ 167.5 billion. If the 2009 average exchange rate of RMB against the U.S. dollar estimate in accordance with 6.5, the textile and garment export tax rebate rate increase by one percentage point will enable enterprises to obtain a tax credit of 7.6 billion yuan. Does not take into account other changes, the textile industry to increase of about 5.7 billion yuan net profit in the enterprise to implement a 25 percent income tax situation.

However, the rate increases of 1 percent, not only far from the previous textile industry called for the export tax rebate rate raised to 17 percent, is also lower than 15% of the industry expected.

"Once again raised the export tax rebate rate of textiles and clothing, show that maintain stable export growth is priority, but the intensity is so limited, means and purpose apparently do not match. "China's Textile Network editor-in-chief Wang Qianjin said, only raised by a percentage points, except to say its symbolic significance is even greater practical significance. He believes in the survival plight of textile enterprises urgently needed, not just "more valuable than gold confidence", but more targeted, more forceful policy measures, "This kind of care every step of adjustment, The specific implementation of the results can only be a dead letter. "

Fiscal policy is the most effective in short-term

State Council executive meeting held on October 17 has made it clear to adopt flexible and prudent macroeconomic policies, the introduction of targeted taxation, credit, foreign trade policy measures as soon as possible, and continue to maintain stable and rapid economic growth. The financial means will become a way to stimulate the economy the fastest growing in the short term.

"Based on market failure, to use visible means to resolve the economic and social problems, financial means are more sensitive and quick. Under the current circumstances, with the financial means to solve the problem should be the fastest and most effective way. "Dean of the School of Northeast University of Finance and taxation Kou Teijun said in an interview with this reporter. But he believes, or should gradually use of financial means, because the Government has the financial means to use too much will bring a lot of side effects.

Regarded as the most intensity of the VAT reform, fiscal policy was previously reported that on January 1 next year across the country, Northeast University of Finance and Taxation Institute Professor Wu Xudong fully open time may still not mature enough, because now the strategy is to use the new value-added tax to offset, this way stimulation of investment is not very large, overheated investment in the industry is still not allowed to be deducted.