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China cancelled a tax rebate on some "two high" commodity exports
Source: | Author:Edward | Published time: 3496 days ago | 2064 Views | Share:
The ministry of finance and the state administration of taxation issued a circular, approved by the state council, since July 15, 2010, cancel some steel, have color metals processing material, pesticide, medicine, chemical products, plastic and metal products, rubber and metal products, glass and metal products export tax rebates, involved more than 400 varieties of commodities.
The specific execution time of the export tax refund shall be taken as the export date specified by the customs declaration of the export goods declaration form (special export tax refund special).

The ministry of finance and the state administration of taxation issued a circular, approved by the state council, since July 15, 2010, cancel some steel, have color metals processing material, pesticide, medicine, chemical products, plastic and metal products, rubber and metal products, glass and metal products export tax rebates, involved more than 400 varieties of commodities.
The specific execution time of the export tax refund shall be taken as the export date specified by the customs declaration of the export goods declaration form (special export tax refund special).


Analysts pointed out that this is our country since the second half of 2008 on external demand back to restart raised the export tax rebate policy, for the first time to reverse the policy adjustment.


"From two departments listed cancel the export tax rebate goods list, you can see that the regulation is aimed at some highly polluting, energy-intensive products."
Treasury money branch, deputy director of the Bai Jingming pointed out that the move is the beginning of last month since the deployment of energy conservation and emissions reduction work of the state council, the government has issued a "iron" regulating measures.


According to the two departments listed in the list, the regulation of unprecedented, many goods such as chlorine propane nitrate, double chlorophenol enjoy the original export tax rebates are at 13% or 17% level.


Of certain goods "from the early stage of the frequent increase export tax rebates, to the cancel some goods export tax rebates, so a more aggressive policy intention highlight policy makers to speed up the adjustment of industrial structure."
Zhang bin, director of the tax research office of the Chinese academy of social sciences, said.


According to official data, four years before the period of "11th five-year plan", China's energy consumption per unit GDP declined by 14.38%, which means that our country to realize the goal of "11th five-year plan" to reduce about 20% is still very difficult.


Notable is, since this year, because domestic electric power, steel, non-ferrous, building materials, petrochemical industry, chemical industry and so on six big energy intensive industries to speed up the growth, the national energy consumption per unit GDP rose by 3.2% in the first quarter, further realize the goal of "11th five-year plan" energy conservation and emissions reduction pressure.


Zhang believes that cancel some steel, chemical products such as "projects" commodity export tax rebates, is actually under the condition of market economy, to use economic means to increase the production cost of these enterprises, help to promote energy conservation and emissions reduction, restrain excess capacity, speed up the adjustment of industrial structure.


Bai Jingming pointed out that the cancellation of some commodities export tax rebates, on the one hand is to ensure that the implementation of "11th five-year plan" an important measure of energy conservation and emissions reduction targets, on the other hand is to improve the tax policy in our country, better give play to the role of tax regulation tools.


"Accelerate the transformation of economic development patterns in big background, the future of the reform of tax policy in a direction that is to strengthen the tax to promote resource conservation, energy conservation and emissions reduction and environmental protection, promote the economic development mode shift."
Bai Jing confessed.


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