Textile Products Tax Rebates Up To Be Replied

It is expected to increase 2 to 4 percentage points after the confirmation of the textile and garment export tax rebate rate will definitely not fall again. Reporters learned from the people close to the decision-making level yesterday that the industry's appeal for textile and garment export tax rebate rate increase has been submitted to the State Council, which is now waiting for approval. The source said that the tax rebate rate for textile and apparel products will be returned to 2 percentage points in July on the latest news from the relevant associations. The plan submitted to the State Council suggested that the export rebate rate of textile and clothing should be adjusted to the level before the two rounds of tax rebate adjustment in 2006 and 2007, the source said.

That is, 13%, but the latest news is that the textile and garment factories are expected to have different callbacks. One of them will be pferred from 11% to 15%, which will bring direct and rapid benefits to our country's export textile industry.

Wang Qian, editor in chief of China's first textile network, thinks that the export tax rebate rate is 1 percentage points callback, which is equivalent to 1% of the total export volume of enterprises, which is directly increased to the profits of enterprises. According to half data, the total export volume of domestic textile and apparel in 2007 is 167 billion 900 million US dollars, of which the total export volume of general trade mode can reach about 130 billion US dollars. If the export tax rebate rate plus 2 percentage point adjuster, the total profit of textile industry will increase by 2 billion 600 million US dollars, according to the exchange rate of 6. RMB, the profit of enterprises will be increased by 17 billion 600 million yuan.