Home / Knowledge / News / Textiles / Textile players suggest buffer period for tax rebate cuts

Textile players suggest buffer period for tax rebate cuts

Apr '07
Recently textile and garment export tax rebate has been the subject of concern. Sources said the Ministry of Finance has proposed the adjustment program for textile and garment export tax rebates, planning to decrease the rebate rate on textile exports from 11 to 9 percent, on apparel from 13 to 9 percent and on chemical filament product from 9 to 5 percent.

Sources from China Textile Industry Association disclosed that the program has indeed submitted to the State Council and is expected to be published soon.

Relevant sources said, the State Development and Reform Commission's proposal has textile export tax rebate rate remained unchanged, garment export tax rebate rate declined two points, from 13 percent to 11 percent. Another source said that this week the Ministry of Finance would discuss the issue of lowering rebate rate by several points.

China Chamber of Commerce for Import and Export of Textiles yesterday issued a report, 'export trend of textile and garment this year', which noted that generally enterprises reflect strongly on RMB revaluation and further lessening export tax rebates.

Besides, continuing rise in prices of raw materials, labor, energy and other production elements will further squeeze the profit space of enterprises. Trade data shows that 2 percent reduction of export rebate is expected to result in 10 billion yuan loss in garment industrial profits.

The report also shows that many enterprises suggest setting up a buffer period of policy implementation, if further cuts in export rebate rate are made, so as to reduce the losses of garment enterprises.

Fibre2fashion, News Desk - China

Must ReadView All

Pic: Shutterstock

Textiles | On 16th Sep 2021

Australia, Bangladesh sign Trade and Investment Framework Arrangement

In a recent virtual ceremony, Bangladesh and Australia signed the...

Pic: Ministry of Foreign Affairs, the People's Republic of China

Textiles | On 16th Sep 2021

China urges US to initiate steps to repair damaged bilateral ties

China recently urged the United States to initiate steps to repair...

Pic: Shutterstock

Apparel/Garments | On 16th Sep 2021

Bangladesh seeks 12-year duty-free access to EU after LDC graduation

Bangladesh commerce minister Tipu Munshi is hopeful that the European ...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

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

Advanced Search