Attention to VAT Rebate Changes!

We want to redraw attention to the  newly adjusted VAT rabates again.  Because  a total of  3,770 items, in the third export tax rebate increase this year, is put into affect in December.

The items involved include labor-intensive, mechanical and electrical products.

So those buying from China is better to learn whether there is a change for their products.  Buyers can decrease their buying prices if there is are tax rebate increase on their items. Because, an export rebate increase means a decrease in the manufacturer’s total costs.

Rises in tax rebate rates varied among different items. For example, the rate on tires was raised from 5 to 9 percent while glassware was up 5 to 11 percent. Rates on labor-intensive products such as luggage, shoes and umbrellas were elevated from 11 to 13 percent.

The 3,770 items accounted for 27.9 percent of the country’s total exports.

• Export tax rebates increased for machinery products (0)
• China, difficult for manufacturers to leave (0)
• China’s inflation cools at last (0)

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