The export tax rebate for some of the hottest stee

2022-08-07
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The Ministry of Finance and the State Administration of Taxation issued a notice on July 22, saying that with the approval of the State Council, the export tax rebates of 406 commodities in six categories, including some steel, silver powder and non-ferrous metal processing materials, will be cancelled from July 15, 2010

according to the analysis of insiders, a big reason for reducing the export tax rebate of some steel products may be that China hopes to reduce the export tax rebate by 10 points through the active use of the spring, so as to avoid falling into the territory of anti-dumping and countervailing of China's steel products by other countries in the future. After the cancellation of the tax rebate, it will certainly reduce some exports in a short time. In particular, without affecting the function of materials, it is a number of industries with "two high and one low" and overcapacity, which will have a great impact in the short term and face structural adjustment

some people in the industry are surprised by this. In addition, it is less than half a month since the Ministry of Commerce stressed at the press conference this month that the import and export prospects are still not optimistic, and that the foreign trade policy needs to remain stable. In some industries, relevant matters have not been learned in advance. At that time, Yao, spokesman of the Ministry of Commerce, insisted that the reduction of the export tax rebate rate did not mean that China's foreign trade policy was tightened, and the stability of trade policy was China's first choice

in addition, some analysts believe that the purpose of reducing the export tax rebate of steel and other products is still to promote the iron and steel industry to achieve the goal of energy conservation and emission reduction. In this regard, several relevant people interviewed from iron and steel enterprises believe that the introduction of this policy will help improve the industry and increase the added value of products in the long run, but it is difficult to fundamentally solve the problems of energy conservation and emission reduction. Plate is a product with high added value, so it is unnecessary to restrict the export of plate

analysts said that from the list of 406 commodities released this time, the proportion of primary products is relatively high, which shows the determination of the country to eliminate low product added value and backward production capacity

industry experts generally believe that the adjustment of the export tax rebate is very prudent. Zhangyansheng, director of the Institute of foreign economic studies of the national development and Reform Commission, believes that the cancellation of the tax rebate policy for some products is actually outside the crisis. We will provide customers with perfect and thoughtful pre-sales and after-sales services. We will customize the impact according to customers' different actual needs. The impact has come to an end. The country has continued the adjustment of the economic transformation mode and scientific development before the crisis, and this adjustment is more obvious, The adjustment after the crisis is much smaller than that before the crisis

the last time China adjusted the export tax rebate rate was in June, 2009. At that time, in order to cope with the serious challenges brought by the financial crisis to exports, China implemented an export tax rebate rate of up to 17% for some commodities, corresponding to commodities with more than 2600 tax items including advantageous products, labor-intensive products, high-tech products and deep-processing products

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