This round raised the export tax rebate -1.html">export tax rebate. For the polyester and terminal textile and apparel market, it involves four tariff codes in polyester PET, and the export tax rebate rate of its corresponding products is 13%. Upgraded to 16%...

On October 8, Premier Li Keqiang presided over the State Council executive meeting to determine measures to improve the export tax rebate policy and speed up the tax rebate, so as to reduce burdens and maintain stable growth of foreign trade. The meeting decided that from November 1st, according to the principle of structural adjustment, with reference to international common practice, the current export tax rebate rate for goods will be 15% and part of 13% will be raised to 16%; 9% to 10%, some of which will be Raised to 13%; 5% to 6%, and some to 10%, including polyester PET related products, then how big is the impact on the polyester market?

According to Jinlian Chuang, the export tax rebate refers to an export incentive that a government will return the indirect tax contained in the exported goods to the exporter to participate in international competition at a price that does not include tax. Since the WTO rules do not prohibit export tax rebates, countries have taken active measures to continuously improve and improve this system. With the escalation of Sino-US trade wars, exporting enterprises are facing tremendous pressure. In the past two months, the National Standing Committee has mentioned three times to improve the export tax rebate policy and speed up the export tax rebate. This time, the export tax rebate is raised. The export tax rebate rate was raised twice.

In this round, the export tax rebate is raised. For the textile and apparel market of polyester and terminal, the four tariff codes in polyester PET are involved, and the export tax rebate rate of the corresponding products is raised from 13% to 16%. For details, please see Table 1. In terms of the scope of influence, among the polyester PET-related export products, the largest export volume is polyester flakes. At the same time, the two export tax codes for polyester flakes are in the upward adjustment range, and the tax code is 39079790. Ester slice related products are not included in this increase. According to Jin Lianchuang, since May 1 this year, the value-added tax rate of manufacturing and other industries has dropped from 17% to 16%, while the export tax rebate for polyester staple fiber, polyester filament yarn, and textile and apparel products has been 16%. Polyester fiber and textile and apparel products have achieved full tax rebate, and there is no room for upward adjustment.

For the polyester PET factory, the export tax rebate rate is raised to the full tax rebate line, which will change from export write-off to general trade, and the RMB depreciation will benefit the export of the enterprise, which may jointly improve the enthusiasm of downstream customers to receive orders, which is beneficial to polyester. The PET factory will go to stock, which may reduce the supply pressure of the polyester market in the fourth quarter. However, the related products involved in this round of export tax rebate rate increase, only most of the polyester PET products, the impact on the polyester market is relatively limited, if the polyester market related products want to truly open the country and enter the international market, still need Practice internal strength, continuously improve product quality and research and develop new products.

With the development of economy and foreign trade, China's export tax rebate policy has been constantly adjusted. At present, China's export tax rebate has also shifted from industrial policy orientation to rule orientation. The new mechanism of export tax rebate is conducive to optimizing China's export product structure, improving the export efficiency of enterprises, and promoting the sustained and healthy development of foreign trade and economy. Especially in the context of China's unprecedentedly severe international market, raising the export tax rebate rate is an important means to alleviate the pressure on foreign trade enterprises and cope with difficulties. The tax reduction policy can effectively alleviate the tax burden of economic entities. The follow-up countries also have a series of policy releases. It is believed that the Chinese economy can be guided to develop steadily and the polyester market can continue to maintain a stable operating state.

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