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Home>>Business >> China Business >> Macro-Economy
15:47, June 09, 2009

Backgrounder: China increases export rebate for 7 times in 10 months

Intensive tax rebates facilitate exports, restructuring
Raising export tax rebates does not affect national financial strength
  Effective Date Details
1
August,1,2008
Tax rebate rates on some textile and clothing exports rise to 11%-13%.
2
Novermber,1,2008
Tax rebate rates on 3,486 types of products, covering  labor intensive, high-tech and high added-value products rise to 9%-14%
3
December,1,2008
Tax rebate rates of 3770 items include labor-intensive, mechanical and electrical products rise to 9%-14%
4
January,1,2009
Tax rebate rates involving 553 types of high-tech and high value-added mechanical and electrical products rise to 14%-17%
5
Febuary,1,2009
Tax rebate rates of textile and garment exports rise to 14 %- 15%
6
April,1,2009
Tax rebate rates of 3,800 items, covering textile and garment, iron and steel, non-ferrous metal and petrochemical items rise to 5%-17%
7
June,1,2009
Tax rebate rates on more than 2,600 items, including processed farm products, machines, shoes, hats and toys rise to 5%-17%

 Related News
 China raises garment, textile export tax rebate rate to 15%
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