About 1500 Textile Exporting Enterprises In Shaoxing Will Benefit From Tax Rebate Adjustment.

The reporter learned from the largest textile industry base in Shaoxing, Zhejiang Province, that there are about 1500 textile export enterprises in the county, which will benefit from tax rebate adjustment.

At the end of last month, the Ministry of Finance and the State Administration of Taxation issued a notice on adjusting the export tax rebate rate for some textiles and garments. The export rebate rate of some textiles and clothing increased from 11% to 13%, and the tax rate adjustment was implemented since August 1, 2008. The rise of the tax rate is a long-awaited good news for the vast majority of export oriented textile enterprises.

According to statistics, in the 1-6 month of this year, Shaoxing county's export tax rebate increased by 2 billion 407 million US dollars, accounting for 78.5% of the total export volume in the first half, accounting for 85% of the total textile exports in the county, and 1500 of the enterprises benefited from it.

Garment products have been the biggest beneficiaries because of the increase in the export tax rebate rate. In 1-6, clothing export in Shaoxing county was US $136 million 900 thousand, and the largest export volume was Zhejiang langshar Wei Di Garment Co., Ltd.

There are 47 enterprises, including Shaoxing Binhai Petrochemical Group Co., Ltd., exporting 36 million 240 thousand dollars of chemical fiber yarn, followed by knitting products, 1-6 export enterprises in Shaoxing, 484 million dollars, involving the 558 enterprises, and the enterprises with 558 dollar, the largest export company is Shaoxing dollars, and the second is cotton yarn fabric, and Shaoxing County exports US dollars, which involves the enterprises of Jia Yuan, the enterprises with more than US dollars, the largest is Zhejiang Bao textile and cotton and hemp printing and dyeing Co., Ltd. exports US dollars. The largest increase in export volume is chemical fiber filament and filament woven fabric. In 1-6, Shaoxing exported 1 billion 123 million yuan of such products, involving 1068 enterprises, 16 enterprises with more than 10 million US dollars, and 5 million US dollars or more.

According to the calculation, the tax rebate rate has been raised by 2 points, with a tax rebate of about 0.14 yuan per 1 dollars. Shaoxing County expects to export 5 billion 700 million US dollars in textile products in the 08 years, and the tax rebate will be close to 280 million yuan in the remaining 5 months.

Local officials believe that the increase in the export tax rebate rate will help enhance the confidence of the textile enterprises, relieve the pressure of the current textile export enterprises, enhance the international competitiveness of the textile industry, and promote the sound and fast development of foreign trade.