China reduces export refund in order to control export



Chinanews, Beijing, June 28 ? China has recently reduced the export refund with the aim of controlling export, not of increasing the national fiscalrevenue. Whether China will adjust the export refund policy again in future will depend on whether such policy has achieved the desired result. It will also depend on the recent export activities. So far, we can't give a definite answer, said Wang Xiaohua, deputy director of the Tax Policy Department under the Ministry of Finance on Wednesday.



The reduction of the export refund is meant to reduce trade surplus. It has nothing to do with increasing the national fiscalrevenue. Last year, China's national fiscalrevenue reached 3.9 trillion yuan. This year, the national fiscalrevenue has also been on the rise. That's why China has reduced the export refund, Wang said.



Starting from July 1, China will adjust the export refund of some goods. The policy will involve 2,831 types of goods, accounting for 37% of the goods covered by Customs tax.



The export refunds for 553 goods will be cancelled. Most of these goods are high energy-consumption, high-polluting, and high resource-consumption goods, many of them being mineral products or fertilizers.



Starting from next month, the export refunds of 2,268 goods will be reduced. Most of these are goods presumably that will easily cause trade friction, including clothes, hats, shoes, suitcases, toys, some stone materials and their products, porcelains, some iron and steel products, motorcycles, mechanical goods with low values, furniture, and fiber products.



In addition, ten types of goods will have tax rebate instead of tax refund, including peanuts, oil paintings, carved boards, stamps and stamp duty receipts.
关键字:财经新闻
生词表: