HOME>NEWS

The export tax rebate plan is adjusted in October, the central and local governments share the export tax rebate

Release dat:2021-05-24
"This year, it is estimated that the total amount of national export tax refunds and unrefunded taxes will reach more than 340 billion yuan. This figure urgently requires the ..

      The reporter learned from reliable sources that the country's plan to adjust the export tax rebate policy has been determined, and it is very likely that it will be released on October 1 --- this is the beginning of the fourth quarter.     "This year, it is estimated that the total amount of national export tax refunds will reach more than 340 billion yuan. This figure urgently requires the country to adjust the export tax rebate policy as soon as possible," said the person familiar with the matter. "Otherwise, according to the current state-issued export tax rebate amount, the country will not be able to adjust the export tax rebate policy. Complete the task of export tax rebate this year."     Three major adjustment plans have been determined     The news of the adjustment of the export tax rebate policy has been circulated for a long time, and different plans are also spreading among the public.     The three major adjustment plans of "reducing the tax rebate rate, canceling the tax rebate for some commodities, and sharing the export tax rebate by the central and local governments" have been the most popular. Yesterday, the person familiar with the matter also gave a positive answer to the reporter.     According to the source, it has been determined that the export tax rebate rate will drop by 4%. Based on the current export tax rebate rate of 15% on average, the export tax rebate will drop to 11%. The scope of the cancellation of tax rebates for some commodities is mainly scarce resource commodities, and the cancellation of export tax rebates for resource commodities with considerable competitiveness. Commodities that are easy to produce but can seriously pollute the environment will also be restricted by increasing export taxes. The export tax rebate will be borne by the central and local governments. The specific ratio is that the central finance shall bear 75% and the local finance shall bear 25%.     It is estimated that with such a reduction, the central government's budgetary expenditures next year can reduce the pressure of 50 to 60 billion yuan.     Financial pressure     The country is eager to introduce export tax rebate adjustment policies. According to the analysis of Yang Weihua, director of the Chinese Taxation Society and director of the Center for Taxation and Financial Management of Sun Yat-sen University, this is largely related to the country's financial pressure.     It is understood that the national budget deficit this year is 319.8 billion yuan. In this context, this year’s fiscal revenue was also affected by the SARS epidemic and floods. The Minister of Finance Jin Renqing pointed out in a report in June that the budget implementation from January to May this year was generally normal, but the SARS epidemic The fiscal impact has been initially apparent, and China’s fiscal revenue growth has dropped significantly - in April and May, China’s fiscal revenue increased by 15.5% and 20.7%, respectively, 21.2% and 16% lower than the average growth rate of 36.7% in the first quarter. .     At the same time, the growth of China's fiscal expenditure has accelerated - in April and May, China's fiscal expenditure increased by 16.6% and 26.5% respectively.     Contrary to this, my country's export situation is very good. In the first five months of this year, China’s foreign trade exports have exceeded 150 billion U.S. dollars. According to the average export tax rebate rate of 15% and the exchange rate of 8.2, simply multiplying them together can yield an export tax rebate of 184.5 billion yuan --- and this year’s central government’s arrangement The export tax rebate target is only 115 billion yuan. Even if 50% of export processing does not require tax rebate, the gap this year is still as high as 30 billion yuan.     It is estimated that by the end of this year, the total amount of export tax refunds will reach more than 340 billion yuan.     In the long run, it should be a "complete tax refund"     "This incomplete tax rebate is just a stopgap measure, and the future development trend should be a complete tax rebate." Yang Weihua said.     The realization of "complete tax rebate" is firstly in line with international practice, and secondly, it is conducive to fair competition between domestic and foreign companies, and at the same time, it is beneficial to enhance the competitiveness of enterprises.     Yang Weihua also believes that for enterprises, if the government can indeed implement the 11% tax rebate rate in place, compared with the original 15% rebate is a phenomenon of "painting cakes to satisfy hunger", enterprises are more willing to accept the 11% tax rebate rate.       Source: New Express

Contact us at the most favorable price

Contact us
Copyright © 1995 UUK Shandong UUK Bearing Co., LTD
< a href=" ">在线客服