Adjustment Of Export Tax Rebates For High Energy Consumption Products

The country is brewing adjustment. tax policy Accelerated color Industry integration The news spread like wildfire.

Yesterday, some media said, the Ministry of finance will be partly colored in the near future. product Of Exit The tax rebate rate should be adjusted to focus on the products with high energy consumption such as lead and zinc and aluminum and the scattered products of their industries. Among them, the export rebate rate of aluminum extrusion materials in aluminum processing will be reduced from 13% to 9%. The export tax rebates for stainless steel bars, rods, shapes, silk and so on may be cancelled, and the rebate rate for these commodities is 5%.

Be close to Treasury Department People said that for large-scale and intensive operation of non-ferrous metals enterprise The Ministry of finance will give some tax support in the process of buying and selling bulk raw materials, and it is expected that there will be some action in June and July.

Insiders told reporters that this is one of the last year's package of policies for energy conservation and emission reduction, and the tax cut from "two high and one capital" product will be used to support the export of three kinds of products, such as low carbon, high technology and labor intensive.

　　 High energy consumption products can not be avoided

In order to speed up the integration of "two high and one capital" industry through adjusting the export tax rebate, China has been adopting the energy conservation and emission reduction in recent years. Insiders said that the reduction of export tax rebates for "two high and one capital" products has long been a psychological suggestion.

In April 2009, in response to the surging international financial crisis at that time, the state recovered the export rebate of aluminum profiles from "0" to 13%. However, as China's import and export gradually went out of the shadow of the international financial crisis, the export tax rebate rate has been adjusted once in July last year, and the products of "two high and one capital" have become the focus of adjustment.

In order to ensure the goal of "eleven" (2006-2010 years) energy saving and emission reduction, in July 15th last year, our country took the lead in canceling the tax rebate rate of 406 tax numbers, such as steel, non-ferrous metal processing materials, corn starch, medicine and chemical industry. Among them, 9% of the export tax rebates for hot rolled, medium and heavy plate, cold and hot narrow strip and section steel in non-ferrous metals were cancelled.

Insiders predict that the export tax rebate adjustment in July of this year and the reduction of export tax rebate for aluminum profile may become a breakthrough for other non-ferrous metal materials tax rebate adjustment. In the future, the aluminum sheet and strip enjoying the 13% rebate rate and the aluminum foil enjoying the 15% rebate rate will probably also fall into the downward trend.

It is understood that the United States, Canada, Australia and Turkey all took anti-dumping and countervailing measures against aluminum products in China last year, and the enterprises are facing enormous pressure.

Although aluminum manufacturers believe that the drawdown of tax rebate will further weaken the competitiveness of domestic aluminum products in the international market, in view of the pressure of China's current emission reduction, it is obvious that the export tax rebate for aluminum profiles with high pollution and high energy consumption can not be avoided.

Our government is more cautious about the problem of overcapacity in the high energy consuming industries. In April 11th, eight ministries and commissions, including the NDRC and the Ministry of industry and commerce, were reported to be planning to stop the proposed electrolytic aluminum project, which is expected to cause about 70000000000 yuan to be aborted.

　　 Textiles will be reflected in the next wave.

With the exception of non-ferrous metals, the debate on whether the export rebate rate represented by textile and garment should be reduced is becoming more intense with the gradual export tax rebate in early July.

The reporter has learned that there are two main controversies over the textile tax at present: first, after the Spring Festival, 5 points of the export tax rebate for the whole textile item have been put forward, but the relevant departments have suggested that the reduction of the 5 points will have a great impact on the enterprises. Two, in the context of the current high cotton prices, the tariff of imported cotton will be abolished (at present, 1% of the 890 thousand tons or 4% of 900 thousand tons).

The Ministry of Commerce said that the reduction of textile export tax rebates was sooner or later, but the business sector after investigation found that this year is not the right time point. Due to a rare quarterly deficit in the first quarter of this year, it is expected that the reduction will also be suspended.

The abolition of imported cotton tariffs, because the current price of cotton to factories has been very high, about 8000 yuan per ton of cotton than domestic cotton, even if the abolition of tariffs can only be reduced by 300 yuan -400 yuan per ton, which has little impact on enterprises, so the possibility of abolition of cotton tariffs is smaller.

However, for the export tax rebate, the above said that in view of the excellent export situation of textile industry last year, China's export products are generally out of the shadow of the financial crisis. It is expected that the textile export tax rebate reduction will be reflected in the next wave.