China Has Rasied Export Tax Rebates For Over1000 Items

The Ministry of Finance and State Administration of Taxation announced on the 17th that from March 20, 2020, the export tax rebate rate of 1,084 products such as porcelain sanitary appliances will be increased to 13%, and the export tax rebate rate of 380 products such as plant growth regulators Increased to 9%.The export tax rebate rate applicable to the goods listed in this announcement is defined by the export date indicated on the export goods declaration form. Li Xuhong, a professor at the Beijing National Accounting Institute, said that by increasing the export tax rebate rate, the operating costs of foreign trade companies can be reduced, the cash flow pressure of enterprises can be eased, and foreign trade can be stabilized. Exchange rates and tax rebates work together.

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