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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 silica, has been increased.
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.
The specific products and the tax rebate rate before and after the adjustment are as follows:
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1. $300 million! Dow invested heavily in Zhangjiagang to increase the capacity of silicone oil / adhesive / silicone rubber
2. Heavyweight: the 4.2 billion belt project of friendship new material is expected to be completed in three months
3. Huntsman, a chemical giant, purchased CVC, an American manufacturer of thermosetting special materials for us $300 million
4. Burst! After BASF, a worker of chemical giant Dow confirmed to be infected with the new coronavirus
5, 500 million! Huitian New Material Co., Ltd. will raise funds again, and the major shareholders will take advantage of the well-known battle