Interviews
Govt to reduce tax rebate on export
18 May '07
1 min read
China is under pressure from trade partners, especially the United States, to change policies as April trade surplus hit $16.9 billion.
Thus, Government bodies, the National Development and Reform Commission, the Ministry of Commerce and the State Administration of Taxation have decided to reduce tax rebate on some basic export materials and textiles.
In order to decelerate country's exports and trade surplus, Government is also planning to increase export taxes by 5 to 10 percent.
This policy would come into effect from June 1.
Thus, Government bodies, the National Development and Reform Commission, the Ministry of Commerce and the State Administration of Taxation have decided to reduce tax rebate on some basic export materials and textiles.
In order to decelerate country's exports and trade surplus, Government is also planning to increase export taxes by 5 to 10 percent.
This policy would come into effect from June 1.
Popular News
Leave your Comments
Editor’s Pick
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Durga Prasad Chalavadi
Sai Silks Kalamandir Ltd
Bijou Kurien
Retailers Association of India (RAI)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
