The executive meeting of the state council held on October 8 decided to further improve the export tax rebate policy and speed up the process of tax refund. From November 1, the current export tax rebate rate will be raised to 16% from 15% and some of 13%. From 9% to 10%, some of them to 13%. From 5% to 6% and some of them to 10%. At the same time, we will further simplify the tax system and reduce the tax rebate rate from seven to five.Export enterprises with good credit and tax payment records should simplify procedures, shorten the time of tax refund, comprehensively implement paperless tax refund declaration, and improve the efficiency of tax refund examination.
The meeting pointed out that the implementation of export tax rebates is in line with world trade organization rules. We will further improve the export tax refund policy and speed up the process of export tax refund, which will help deepen supply-side structural reform and drive down costs in the real economy. While raising export tax rebate rates and optimizing tax refund services over a large area, the export tax rebate rates for products facing the tasks of "high and high capital" and "de-capacity" will remain unchanged, reflecting the principle of differential treatment of possession and control.
