? ?
BIZCHINA / Center
MOF to slow down tariff rebate adjustment
By Hao Zhou (chinadaily.com.cn)
Updated: 2007-09-10 15:50
The Ministry of Finance (MOF) will reduce the frequency with which it
releases new policies to further adjust export tax rebate, in an effort
to maintain a stable policy framework on foreign trade, said a principal
from the MOF's tariff policy department, the Shanghai Securities News
reported today.?
Related readings:
?Tax rebate cut changes textile export strategy
?Flurry of export activity as tax rebate deadline looms
?Tax rebate cut as rebalancing act
?China to eliminate export tax rebate on steel tubes
Since the beginning of this year, a slew of policies, such as the
integration of income tax rates for domestic and foreign-funded
enterprises, strengthening macro management of the realty market, and new
policies on tariff rebate and processing trade, have been launched to
encourage Chinese enterprises to improve competitiveness, upgrade export
structure, and curb the trade surplus.?
In particular, tax rebates for more than 2,800 export items were either
eliminated or reduced on July 1, impacting a lot of export-oriented
processing enterprises in economic development zones.?
The frequent export tax rebate adjustment went against a stable policy
framework. As a consequence, there will be only a few minor modifications
to national policies in future, said the source.
(For more biz stories, please visit Industry Updates)
Learn Chinese, Learn Mandarin online
No comments:
Post a Comment