Export Tax Rebates Or Downgrades For "Two High And One Capital" Enterprises

"Adjustment"

The export tax policy, which intersecting interests between departments and exporters, will be tightened again in the context of eliminating backward production capacity.

According to the Ministry of Commerce, it is necessary to adjust export tax rebates. For example, the export tax rebate has been raised before. Enterprises often feel that the export situation is deteriorating and apply to the relevant departments.

This time, the adjustment is top-down.

According to our reporter, the export tax rebate is not directed at steel prices.

According to an iron and steel enterprise in Hebei, the tax rebate scheme that the government is considering is to abolish the tax rebate for the export of hot coil 9%, while the export tax rebate for cold rolled and coated products is reduced from 13% to 9%.

It is also reported that the relevant documents have entered the stage of signing the ministries and commissions.

"In 2007, the export tax rebate has been cut down on the products of" two high and one capital ", followed by a series of policies, including the implementation of export license management. In fact, it is an adjustment to the policy of high pollution, high energy consumption and resource based products. Now, if adjustment is made, it should be based on this idea.

Zhang Yansheng, director of the Foreign Economic Research Institute of the development and Reform Commission, told reporters.

Tax rebate postpones industrial upgrading

According to relevant sources, the export tax rebate mainly includes products that should be focused on increasing the financial crisis.

"Before every adjustment of export tax rebates will be solicited to us for advice, this time we did not even see the draft." in June 7th, director of the Department of electrical and mechanical products import and Export Chamber of Commerce told reporters.

Over the past few years, the electromechanical industry has always been a major export tax rebate in China.

According to the State Administration of Taxation statistics, from January 2009 to May, China's export tax refund (Exemption) amounted to 290 billion yuan, an increase of 23.4% over the same period last year.

After raising the export tax rebate rate continuously, 1971 export commodities have been exported to the total export tax rebates in China with a total of more than 13000 tax numbers.

Among them, mechanical and electrical products are the most effective tax rebates for export.

The tax department has a total of about 2500 tax numbers on the tariff list of the customs, and has achieved 1771 of the export tax rebates, accounting for about 70%.

In the view of the director of the mechanical and electrical chamber of Commerce, foreign trade enterprises pay more attention to the export tax rebates than two or three points, mainly hoping for policy stability.

No matter what policy, do not change back and forth.

Now foreign businessmen are also very smart. They will know soon when we change this area, and then they will become a puzzle for enterprises when the price is set. "

He said.

In fact, whether the tax rebate is raised or reduced will become a bargaining chip for foreign businessmen in negotiations.

After all, many industries in China are oversupply, overcapacity leads to the right to speak in price negotiations.

What enterprises need most is the stability of policies. Negotiation in a stable price system is easy to reach agreement with foreign businessmen. Once the policy changes, the price system will be changed and the bargaining cost of the enterprises is too high.

The director told reporters.

In the early days of the financial crisis, China tried to stabilize exports by raising export rebate rates in a large and large scale.

During the financial crisis, the export rebate rate of commodities other than "two high and one capital" was almost raised to the highest level, and the tax rebate rate of most products was raised to the level of the number of tax rebates.

This is welcomed by enterprises, because for a considerable number of enterprises, the tax rebate even exceeds half of the company's profits.

But this fund is not a small pressure on the financial sector. According to the relevant estimates, the export tax rebate in 2009 is 670 billion yuan, which may actually reach 800 billion yuan.

Signal of foreign trade pformation

In the industry view, in addition to increasing profits, tax rebate has not significantly improved the foreign trade situation, but has slowed down the pace of industrial upgrading. With the recovery of the economic situation, the discussion on the time when the export tax rebate will be callback has been put on the agenda.

In Zhang Yansheng's view, it is now a node that adjusts the structure of foreign trade. "Last year's growth was largely against the crisis. From February and March of last year, China's economy basically went through a V shaped reversal. It has been more than a year now.

Even now is the European sovereign debt crisis bigger than the US financial crisis's impact on China? Obviously not.

The same view has been corroborated in the industry association. In the import and Export Chamber of Commerce, electrical appliances import and Export Chamber of Commerce Director Liu Yongqiang, the tax rebate change has an impact on product prices, but the overall export impact should not be very large.

"The tax rebate rate has been taken into account in the quotation of enterprises, for example, the tax rebate rate of 14% will be reduced to 11%, and enterprises will definitely go up the price.

If the tax rebate increases, foreign businessmen will ask enterprises to reduce their prices.

According to him, if the tax rebate is reduced, the company will ask for a rise in price, but in this case, foreign businessmen generally do not accept it.

"The final result is that the enterprise carries one or two points on its own".

It is worth noting that "two high and one capital" has become the focus of the export tax rebate adjustment.

"Europe is facing the second round of economic crisis. Now the foreign trade situation is very unstable, but now the status of the world's factory in China is difficult to change in a short period.

From a higher level, the state now regards industrial upgrading and pformation as the core task.

Liu Yongqiang told reporters.

"Adjusting the export tax rebates of" two high and one capital "is not only aimed at completing the goal of energy saving and emission reduction in 11th Five-Year. Assuming that this policy is introduced this year, it will still be implemented in 6 months.

The main contradiction of China's economic development determines that the export industry should make efforts to adjust its structure and eliminate backward production capacity.

Zhang Yansheng said.