Textile and garment export enterprises appeal not to lower export tax rebates

In this session of the Canton Fair, news about the reduction of apparel export tax rebates will be circulating. Some export companies stated that in response to factors such as rising raw materials, rising wages, and appreciation of the ***, in order to grab orders, many clothing exports The company has already posted some export tax rebates. If the export tax rebate is lowered again, in the context of overseas orders that have begun to transfer to other countries, some clothing export enterprises in the Mainland will face severe challenges, or will usher in an industry reshuffle.

Deduction rate will be reduced from 16% to 11%

Before this, textile and garment export enterprises may face the rumors that the first time since the financial crisis, the export tax rebate rate has been lowered, and it has spread in the market. According to sources, after the "**" in 2011, the state will lower the export tax rebate for "high-energy, high-energy, resource-based" "two high and one resource" industries. Among them, the textile and apparel export tax rebate rate will be reduced from 16% to 11%.

Many companies rely on "export tax rebates"

Some export companies stated that due to the financial crisis and weak external demand, export companies have fierce competition to grab orders, some products export profits only 3% to 5%, and some companies even export zero profits, especially pure trading companies, but because there are percentages The dozens of export tax rebates guarantee the maintenance of export companies. Some people in the industry even jokingly stated that many garment export enterprises rely solely on "export tax rebates" to adjust export rebates as follows, and it is estimated that such export enterprises will be difficult to maintain.