Three adjustments to the benefit of Guan enterprises
Since the beginning of this year, the country has adjusted the export tax rebate rate of some commodities three times. Among them, furniture, toys, textiles, clothing and other commodities are closely related to the industry of Dongguan.
The reporter saw from the news released by the Ministry of Finance yesterday that among the goods that were decided to increase the export tax rebate rate, the export tax rebate rate for luggage, shoes, hats, umbrellas, hair products, toys, furniture and other commodities was raised to 15%. It is reported that the adjustment will take effect on June 1 this year, and the specific date will be based on the export date indicated by the customs on the "Export Goods Declaration Form (Exclusive for Export Tax Refund)".
It is reported that the export tax rebate rate for footwear and furniture was 13%, and the 15% adjustment made the export tax rebate rate suddenly increase by two percentage points. And toys, from the previous 14% to the current 15%, also increased by one percentage point.
Dongguan is dominated by an export-oriented economy, so every adjustment of the export tax rebate rate will affect the hearts of many bosses. The reporter learned from the Dongguan State Taxation Bureau that last year, a total of 4,377 export enterprises in Dongguan city directly benefited from the increase in the export tax rebate rate in 2008, accounting for 74.7% of the total number of export tax refund (exempt) enterprises declared in 2008, of which benefited production 4,280 export-oriented enterprises, involving 2,240 items of export goods, and 97 export-oriented export-oriented enterprises, involving 892 items of export goods. It is reported that the increase in the tax rebate rate last year will directly increase the export tax rebate of export enterprises in Dongguan by about 700 million yuan.
"The increase in the export tax rebate rate will benefit export enterprises directly and quickly," said the Dongguan National Taxation Bureau.
Furniture giant benefits 70 million yuan
"In the era of meager profits, a one-percentage point adjustment can even be related to the life and death of an enterprise." Yesterday, Qiu Minzhe, deputy secretary general of the Taiwan Businessmen Association of Dongguan City and secretary of the chairman of Taisheng International Group, said that under the current circumstances, the profit of the furniture industry is generally 5% Between ~ 10% and some even lower than 5%, therefore, the export tax rebate increased by two percentage points, the effect is rapid and obvious.
According to Qiu Minzhe, taking Taisheng Furniture ’s two factories in Dongguan and Zhejiang as examples, the export value of the two furniture factories was equivalent to about RMB 4.2 billion last year. This year ’s situation is not good, but the export value is conservatively estimated at about RMB 3.5 billion. Calculated, the export tax rebate rate increased by two percentage points, can bring 70 million yuan.
The reporter also interviewed some companies involved in the adjustment of commodity lists in this adjustment. Like the above interviewees, while expressing their excitement and affirmation, these interviewees also put forward some demands and wishes on whether they can "refund in full"-"We are doing business with manufacturers all over the world, some countries, For example, Vietnam, Bangladesh and other countries are fully refunded. In this way, the product competitiveness of enterprises in those countries is stronger than ours. "Qiu Minzhe said.
Expert: "Full tax refund is impossible"
Can a full tax refund be implemented? Lin Jiang, a professor at Sun Yat-sen University, believes that "this is impossible". He analyzed, because this is in contradiction with Guangdong's policy signal of industrial upgrading and transformation.
"The increase in the export tax rebate rate is to encourage labor-intensive processing trade enterprises, and is temporarily made to ease the plight of labor-intensive processing trade enterprises under the current economic crisis." Lin Jiang said that in the long run, if the country Implementing a full export tax rebate is not only a problem of increasing the export tax rebate rate, but also a change in the overall policy signal-to support the development of labor-intensive processing trade, which is contrary to the policy guidance of industrial upgrading and transformation. So, the country will not do this.
In addition, Professor Lin Jiang analyzed that the adjustment of the country's export tax rebate rate has positive significance for Dongguan enterprises, but it is not too large. Professor Lin believes that this adjustment will bring the most benefit to companies that have not significantly reduced their orders under the financial crisis. However, for those enterprises whose exports have not been fully restored and whose export volume has been significantly reduced, the increase in the export tax rebate rate has little effect on them.
"The adjustment is not very attractive to encourage enterprises to increase investment and expand exports." Lin Jiang said, because the export tax rebate policy is made according to changes in economic conditions, when the export is too fierce, the export tax rebate rate is reduced to encourage Exports also increase the export tax rebate rate, so this policy is uncertain and short-term for companies, and companies will not expand operations and increase exports for this short-term policy.
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