Export tax rebate for architectural ceramics will be adjusted to 13%

Recently, the State Ministry of Finance issued a notice stating that from June 1 this year, the export tax rebate rate for some products will be raised again. For Foshan companies, the increase in tax rate has a great impact on the ceramic industry, while textiles, toys, shoes and other industries are still waiting for the external environment to pick up.

The increase in the export tax rebate rate has involved more than 2,600 products. Among them, ceramics, toys, shoes, and furniture in Foshan traditional manufacturing industries were all raised to 13%, 15%, 15%, and 15%, respectively. The tax rebate for textile and apparel exports remained unchanged.

The increase in export tax rebate rate will benefit the largest building companies. Lan Weibing, director of the China Ceramics Industry Association’s Foshan office, said that since the financial crisis last year, the government has repeatedly raised export tax rebates for some industries to ease the export pressure, but building ceramics has not been applied successfully. Until April of this year, the export tax rebate for building ceramics was raised by 4 points to 9%. This time, the ceramic export tax rebate will be raised to 13%, equivalent to an increase of 4% in export profits, which will greatly stimulate the export of building ceramics.

It is noted that this increase in tax rebate rate does not involve textile and apparel products. In this regard, Wu Haoliang, general secretary of Foshan Textile Industry Association, said that the current textile and apparel export tax rebate rate from the "full withdrawal" only 1 point left to adjust the space, the impact on the business is not.

Wu Haoliang also pointed out that the real difficulty faced by domestic textile companies is the decline in external demand. “Now the orders are bad and the impact of the financial crisis has become more and more obvious.” Similarly, although the export tax rebates for footwear and toy industry are all raised to 15% However, many merchants stated that although the export tax rebate increase has a positive effect on exports, the companies concerned are more concerned about when external demand will pick up.