Ministry of Commerce: "two high" product tax rebate may be fine-tuning

On August 11, Vice Minister of Commerce Jiang Yaoping stated at the press conference of the 2010 China Green Industry and Green Economy High-tech International Exposition that in the second half of the year, China’s foreign trade policy is mainly stable, but it is still possible that some high energy consumption and high The export tax rebate for contaminated products is adjusted.
Jiang Yaoping said that from the current development of foreign trade, China’s foreign trade environment is facing great uncertainty. In the second half of the year, foreign trade policy is generally stable and perfect, but it may also be based on the national strategy of energy conservation and emission reduction. It is required to carry out the necessary tax rebate adjustments for products that actually consume high energy and are highly polluting during the production process. He emphasized that this kind of decision will be made on the basis of scientific argumentation and listening to opinions from various localities and related industries, and the scope of adjustment will also be very small.
Jiang Yaoping said that this shows the determination of the Chinese government to unswervingly advance its energy-saving and emission reduction strategy.
The Ministry of Finance and the State Administration of Taxation jointly issued a notice on June 22, starting from July 15th, canceling the export tax rebates for certain pesticides, rubbers and other 406 tariff lines. According to data released by the General Administration of Customs on August 10, the total value of imports and exports in July reached 262.31 billion U.S. dollars, an increase of 30.8% year-on-year. Among them, exports reached US$145.52 billion, an increase of 38.1%.

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