Recently, the Ministry of Finance and the State Administration of Taxation jointly issued a notice saying that starting from June 1 this year, the tax rebate rate for some export products will be raised again. This is the third time in China this year that the export tax rebate rate has been raised, and it is also the seventh increase since August last year.
According to the announcement, the export tax rebate rate for labor-intensive products has increased to 15%. So, what impact will this adjustment have on hardware companies? What do companies think about this? Recently, the reporter interviewed a person in charge of '09 China International Hardware Exhibition (CIHS'09). "At present, the organizing committee is doing research work before the exhibition, and is responsible for some issues and some hardware backbone enterprises, China Hardware The leaders of the product association and the senior experts in the industry conducted in-depth discussions and exchanges, including the issue of raising the export tax rebate rate."
“This is good news.†A Wenzhou exhibitor of hardware tools said, “Improving the export tax rebate rate can increase profits for enterprises and help companies survive the crisis.â€
"The scope of this adjustment is small, although it will bring certain profits to the company, but the profit growth is limited." A Guangzhou lock exhibitor said.
"At this stage, we are focusing on the domestic demand market, but it is difficult to build domestic sales channels and networks. It is good news to increase the export tax rebate rate. Even if the international market demand is still falling, we do not want to give up," said a fastener exhibitor.
“After the adjustment of the export tax rebate rate, enterprises can't avoid re-negotiating, modifying contracts, adjusting business objectives and strategies, etc. Therefore, the adjustment of export tax rebate rate is the most concerned by enterprises, and they need to have enough motivation to cope with these 'troublesome things'. "The head of CIHS'09 said.
It is understood that CIHS is currently the largest and most influential hardware exhibition in China, co-sponsored by China Hardware Products Association and Cologne International Exhibition Co., Ltd., Beijing Shirui Exhibition Co., Ltd. and Shanghai Continental Tools Development Co., Ltd., 2009 The event will be held from September 16th to 18th at the Shanghai New International Expo Center.
"Although the adjustment rate of the export tax rebate rate is not high, but after all, the background of the adjustment is clear. Under the current situation, if enterprises want to survive or even develop, the most needed is the flow of funds, especially the enterprises that do foreign trade. It is understood that The adjustment is expected to increase the tax rebate fund by about 25.2 billion yuan. This shows that the country is vigorously supporting the export of advantageous products and labor-intensive products." The person in charge also said.
According to the announcement, the export tax rebate rate for labor-intensive products has increased to 15%. So, what impact will this adjustment have on hardware companies? What do companies think about this? Recently, the reporter interviewed a person in charge of '09 China International Hardware Exhibition (CIHS'09). "At present, the organizing committee is doing research work before the exhibition, and is responsible for some issues and some hardware backbone enterprises, China Hardware The leaders of the product association and the senior experts in the industry conducted in-depth discussions and exchanges, including the issue of raising the export tax rebate rate."
“This is good news.†A Wenzhou exhibitor of hardware tools said, “Improving the export tax rebate rate can increase profits for enterprises and help companies survive the crisis.â€
"The scope of this adjustment is small, although it will bring certain profits to the company, but the profit growth is limited." A Guangzhou lock exhibitor said.
"At this stage, we are focusing on the domestic demand market, but it is difficult to build domestic sales channels and networks. It is good news to increase the export tax rebate rate. Even if the international market demand is still falling, we do not want to give up," said a fastener exhibitor.
“After the adjustment of the export tax rebate rate, enterprises can't avoid re-negotiating, modifying contracts, adjusting business objectives and strategies, etc. Therefore, the adjustment of export tax rebate rate is the most concerned by enterprises, and they need to have enough motivation to cope with these 'troublesome things'. "The head of CIHS'09 said.
It is understood that CIHS is currently the largest and most influential hardware exhibition in China, co-sponsored by China Hardware Products Association and Cologne International Exhibition Co., Ltd., Beijing Shirui Exhibition Co., Ltd. and Shanghai Continental Tools Development Co., Ltd., 2009 The event will be held from September 16th to 18th at the Shanghai New International Expo Center.
"Although the adjustment rate of the export tax rebate rate is not high, but after all, the background of the adjustment is clear. Under the current situation, if enterprises want to survive or even develop, the most needed is the flow of funds, especially the enterprises that do foreign trade. It is understood that The adjustment is expected to increase the tax rebate fund by about 25.2 billion yuan. This shows that the country is vigorously supporting the export of advantageous products and labor-intensive products." The person in charge also said.
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