1500 Textile Enterprises In Shaoxing Benefit From Export Tax Rebates

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.

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.

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 US dollars. In 2008, Shaoxing County estimated that the textile export amount was 5 billion 700 million dollars, and the remaining 5 months would have a tax rebate of nearly 280 million yuan.

At the end of July, 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, which raised the export rebate rate of some textiles and clothing from 11% to 13%, and the tax rate adjustment was implemented from August 1, 2008.