China's 3rd time this year to raise the export tax rebate rate

Tax refund 25.2 billion part of the product of the full refund of the Ministry of Finance, the IRS 8th news, from June 1 onwards, China again to increase the export rebate rate of some products.　　This is the 3rd time this year, China's export tax rebate rate, but also since August last year, the 7th increase, is expected to increase the export tax rebate rate will be increased tax rebate funds about 25.2 billion yuan.　　The increase in export tax rebate rate of products related to China's superior products, labor-intensive products, High-tech products and deep-processing products amounted to more than 2,600 10-bit tax goods. Among them, the television uses sends the equipment, the export tax rebate rate of sewing machine and other goods increased to 17%, for full refund; canned, fruit juice, Sans and other agricultural deep-processing products, electric gear pumps, semi-trailer and other mechanical and electrical products, optical components and other instrumentation, insulin preparations and other drugs, bags, shoes, hats, umbrellas, hair products, toys, The export drawback rate of furniture and other goods increased to 15%; some plastics, ceramics, glass products, some aquatic products, turning tools, such as export tax rebate rate increased to 13%, alloy steel, such as steel, steel structure, such as steel products, scissors and other products, such as export tax rebate rate increased to 9%; corn starch,　　The export tax rebate rate for alcohol increased to 5%. The Ministry of Finance, the State administration of taxation, said that the increase in export tax rebate rate, continue to uphold the advantages of products, labor-intensive products, High-tech products exports, strictly controlled the "two-high" product export spirit, the "two-high" product export drawback rate is not adjusted in principle. At the same time, the policy on the tax rebate rate of the merger, cancellation of 11% and 14% two grades, the rebate rate from the original 9 files reduced to 7 stalls.