Authorized by State Council, on October 21, Ministry of Treasury and State Administration of Taxation formally approved that from November 1, 2008, suitably raise the export rebate rate of partial labor-intensive commodities, and those with high technology content and high additional value.
According to the Notice on raising partial goods’ export rebate rate sent out by both ministries, this time’s adjusting of export rebate rate touches wider areas, involving 3486 commodities altogether, approximately covering 25.8% of the total commodities in customs tariff. It mainly includes two aspects, one is suitably raising the export rebate rate of labor-intensive commodities like textile, clothing, toys and so on. The other is raising the export rebate rate of commodities with high technology content and high additional value like anti-HIV drug and so on.
After this time’s adjustment, our country’s export rebate rate will be divided into six grades, that is, 5%、9%、11%、13%、14% and 17%.
The regulation contents include the following. Raise the export rebate rate of partial textile, clothing and toys to 14%. Raise the export rebate rate of domestic and artistic ceramics to 11%. Raise the export rebate rate of partial plastic products to 9%. Raise the export rebate rate of partial furniture to 11% or 13%. Raise the export rebate rate of commodities like AIDS drugs, gene recombination human insulin freeze-dried powder, xanthan gum, toughened safety glass, capacitor tantalum wire, marine anchor chain, sewing machine, fan, NC machine tool carbide alloy tool etc. respectively to 9%, 11% and 13%.
Book products are also included in this adjustment range, and will raise to 11% from 5%.
