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A Slight Drop In The Rate Of Export Tax Rebate

- Apr 12, 2018 -

In April 4th, the Ministry of Finance and the State Administration of Taxation issued the notice on adjusting the value added tax rate (hereinafter referred to as the notice). The first article of the "notice" mentioned that "taxpayers have VAT taxable sales behavior or imported goods, the original 17% and 11% tax rates, and the tax rate adjusted to 16%, 10% respectively."


The fourth article of the notice mentioned that the export tax rebate rate was adjusted to 16% when the export tax rebate rate was 17% and the original 17% tax rate was applied. The export tax rebate rate will be adjusted to 10% when the original export tax rate and export tax rebate rate is 11%, which is 11% tax rate.


According to the first and fourth articles of the "notice", we can see that the tax rate of the original 17% tax rate is down to 16%, the corresponding export tax rebate rate is also reduced to 16%; the original 11% tax rate is reduced to 10%, and the corresponding export tax rebate rate is also reduced to 10%. That is to say, the export tax rebate rate of some commodities is coordinated with the value-added tax reduction.


The China trade newspaper reporter inquires the Shanghai state tax bureau and the Shanghai local tax bureau "export commodity code and tax rebate rate" database found, "the original application of 17% tax rate and export tax rebate rate of 17% export goods", including cutting machine, wire saw, tablet computer, keyboard, mouse, hard drive, lithium ion Batteries, fruit or vegetable Juicers, hair driers, electric iron, induction cookers, rice cookers and so on, involve many common mechanical and electrical products.


"The export goods and cross-border taxable acts of 11% of the original 11% tax rate and the export tax rebate rate are 11%, including the sea route, the sea road, the cargo, the water road, and the pipeline transportation, which mainly involve the transportation and the cross-border logistics industry."