How much is the Chinese tax return rate?
The history of Chinese tax return
The export Chinese tax return rate indicates the ratio of the amount of tax refundable to the price of the calculated tax rebate.
Since 1998, the Chinese government has increased the proportion of export tax rebates.
In the next few years, the rate increased by stages, batches and products. These measures have resulted in an average Chinese tax return rate of more than 15%.
Among them, the rate of textile and clothing, mechanical and electrical products and high-tech products is as high as 17%. This enables zero tax rates on exports.
Since January 1, 2004, there are mainly five kinds of tax return rates of 17%, 13%, 11%, 8% and 5% for different export goods.
If export enterprises purchase goods with small-scale taxpayers and export tax rebate is allowed, the export tax return rate of 5% shall be implemented.
And the export Chinese tax return rate higher than 5% shall be subject to the 6% Chinese tax return rate.
On November 1, 2008, the government adjusted the export tax return rate to 14% for some textiles, clothing and toys.
Then, the rate for daily use and art ceramics will be increased to 11%.
Also, the export tax return rate of some plastic products will be increased to 9%.
Some furniture export tax return rate will be increased to 11%, 13%.
What’s more, the export tax return rates of AIDS drugs, recombinant human insulin lyophilized powder, collagen, tempered safety glass, tantalum wire for the capacitor, marine anchor chain, sewing machine, fan, CNC machine tool carbide knife, some books, notebooks and other commodities will be increased to 9% and 11% respectively.
Chinese tax return policy nowadays
From March 20, 2020, the export tax return rate of 1084 products such as porcelain sanitary ware will be increased to 13%, and 380 products such as plant growth regulators will be increased to 9%.
Chinese tax return policy has been changing. The State Council has continuously adjusted the export tax rebate policy. To solve the problem of the export tax refund, we should give full play to the regulatory role of export tax rebate on export commodity structure. The tax rate may change in the future. Please refer to the real-time updated tax rate.