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Export Rebates Reach 5bn
Post Time: 05/01/2018

According to the Yiwu Municipal Office of State Administration of Taxation (YMOSAT), in 2017 the local accumulative amount of export rebates and tax exemptions of exports reached 5.233 billion RMB, an increase of 11.44% since last year. It is 17.69% more than the rate of annual increase in 2016.

The amount of export rebates is 4.65 bn RMB, a year-on-year increase of 13.66%, which is 13.56% more than the increase rate of 2016. The rest of the amount is from the tax exemptions of manufacturing enterprises, with a total amount of 583 million RMB.

Among the export rebates, the amount from foreign trade enterprises is 3.401 bn RMB, a year-on-year growth rate of 16.28%, and 13.56% more than the increase rate of last year. For manufacturing enterprises, the amount is 1.249 bn RMB, an increase of 7.10%, and 13.03% more than the increase rate of last year.

This year, YMOSAT continued to strengthen support for local enterprises, especially for foreign trade enterprises, by improving service for export rebates and tax exemptions. (By Zhou Lüjiang, translated by Li Ziyi, edited by Kendra Fiddler)

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