Raised Tax Return Rates for Some Exports
����As is earlier reported, starting from January 1 some export commodities have come to be given by the Chinese Customs a higher tax return rate, aiming to promote the development of a stable economy in China. According to concerned departments of the Ministry of Commerce, tax return rates given by China for export commodities are placed at an average of 12.56% or a growth of 2.56 percentage points greater than the past, and still less than that of increased value stipulated by law. The return rates will fall into the following five categories 17%, 13%, 11%, 9% and 5% in stead of 17%, 16%, 11%, 9%, 6% and 3%.
Economicnews 1999-01-26 Page2
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