Home / Knowledge / News / Textiles / Senior official discounts increase in tax rebate rates
Senior official discounts increase in tax rebate rates
08
May '09
The Foreign Trade Division of the Ministry of Commerce, China Chamber of Commerce for Import and Export of Textiles jointly called a meeting with textile and garment enterprises on May 6 to understand the current situation in the textile sector.

The textile and apparel enterprises suggested of an increase in tax rebates at the meeting, which also discussed among other issues, stability of the RMB exchange rate and amend the “Statutory inspection products” directory.

At the meeting a senior official said that it will now be impossible to further increase the tax rebates to 17 percent, since levied tax rate of a number of textiles and apparel is less then 17 percent. However, the same would be conveyed to the decision making bodies.

The official added by saying that the enterprises should be mentally prepared and not expect any further increases in the current tax rebate rates.


Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search