Export tax rebate in NanjingIt is regarded as a legal measure to promote trade, which is not a subsidy, and is widely used by various provinces.As the domestic value-added tax rate will be generally reduced on April 1, the executive meeting of the State Council on March 20 made it clear that the export tax rebate rate of some goods and services should be adjusted accordingly.
A number of Finance and tax experts have analyzed to the first financial reporter that the export tax rebate is to return the tax paid by the enterprise to the enterprise. Therefore, after the domestic value-added tax rate is reduced, the export tax rebate rate will also be adjusted simultaneously. It is estimated that the export tax rebate rate will be adjusted to 16% for the export goods with the original applicable tax rate of 16% and the export tax rebate rate of 10%The tax rebate rate was adjusted to 9%.
In fact, when the value-added tax rate was lowered last year, the export tax rebate rate has been lowered simultaneously.Last year, the Ministry of Finance and the State Administration of Taxation issued a document saying that from May 1, 17% and 11% VAT rates would be reduced to 16% and 10% respectively.The original export tax rebate rate is adjusted from 17% to 17% and the applicable export tax rebate rate is 11%.
Generally speaking, the tax rate is the tax rebate rate to achieve zero tax rate of export goods.However, due to the imperfection of tax administration in China and the frequent occurrence of fraudulent export tax rebates, the relevant departments in Nanjing have set a specific tax rate of export tax rebate. The tax rebate rate of some commodities is the same as the tax rate, and zero tax rate has been realized for export. However, the tax rebate rate of most commodities is lower than the tax rate, which is not a full refund.After the adjustment of the export tax rebate rate at the end of last year, the current export tax rebate rate is 5 grades, namely 16%, 13%, 10%, 6% and 5%.
This year, the State Council has made it clear that from April 1, the value-added tax rate of 16% in manufacturing and other industries will be reduced to 13%, and that of 10% in transportation and construction industries will be reduced to 9%.
With the reduction of value-added tax rate on April 1, experts analyzed that the tax rates of 16% and 10% are expected to be adjusted to 13% and 9%.
Finally, the adjustment of export tax rebate rate of different varieties of goods still needs to be issued by the finance and taxation department.However, in recent years, in order to improve the ability of enterprises to cope with the impact of the external environment, the state has increased the export tax rebate rate of some commodities, accelerated the progress of export tax rebate, and reduced the burden on foreign trade enterprises.
Li Jun, managing partner of China indirect tax business of PricewaterhouseCoopers, told the first finance and economics reporter that the reduction of export tax rebate rate this year may be the same as that of last year. During the transition period, export enterprises will still refund the tax according to the original tax rate, and after the transition period, the new tax rebate rate will be applied.
For example, the export tax rebate rate can be reduced within the transitional period of 3 months according to the original export tax rebate rate.
According to the data of the Ministry of finance, the export tax rebate in 2018 was 159.3 billion yuan, an increase of 14.7% year-on-year.In the first two months of this year, export tax rebates totaled 266.7 billion yuan, up 23.4% year on year