The Ministry of Finance and the State Administration of Taxation announced on March 17 that since March 20, 2020, the export tax rebate rate of 1084 products such as porcelain sanitary wares will be increased to 13%, and that of 380 products such as plant growth regulators will be increased to 9%. Among them, the export tax rebate rate of more than 700 chemical products including silicone rubber and silicon dioxide has been increased. The specific products and the tax rebate rate before and after the adjustment are as follows:
The increase of the export tax rebate rate involves many products such as chemical products, agricultural products and household goods, with a wide range of policies. By increasing the export tax rebate rate, we can reduce the operating cost of foreign trade enterprises, relieve the pressure of cash flow, and promote the stability of foreign trade.
Please pay attention to policy changes and adjust export matters in time.