Export tax rebate rate increased two categories of lighting products are affected

November 17th, the Ministry of Finance announced this year, the third increase in the scope of the export tax rebate rate of goods and tax rates, including some labor-intensive products, mechanical and electrical products and other products a total of 3770 commodities.

The adjustment will be implemented from December 1st, the second half of this year, the third increase in the export tax rebate rate, coverage and intensity are more than the first two times. Experts believe that the export tax rebate rate adjustment is conducive to ease the tension of foreign trade enterprise funds chain, and is expected to further reduce the pressure of labor-intensive export enterprises.

Premier Wen Jiabao chaired a State Council executive meeting 12. The meeting decided to support labor-intensive small and medium-sized enterprises, to support industrial upgrading, based in the second half of the year two times to raise the export tax rebate rate, since December 1, 2008, to further improve some labor-intensive products, machinery and electronic products and other products have a greater impact of the export tax rebate rate. In order to implement the decision of the State Council, the Ministry of Finance and the State Administration of Taxation issued the "notice on the Ministry of Finance State Administration of Taxation on improving labor intensive commodities VAT export tax rebate rate". "Notice" clear the 3770 increase scope of tax rebate rate of the merchandise, including lighting products are: the eighty-fifth chapter closed spotlight export rebate rate increased from 13% to 14%; the ninety-fourth chapter chandelier, the export rebate rate increased from 11% to 13%.

Source: Aladdin lighting network