Export Tax Rebate Changes in Recent Years

Export Tax Rebate Changes in Recent Years

July 2007: Tax rebates were removed on exports of 687 commodities, including animals and plants on the brink of extinction, and products made of these materials, fertilizer and leather, while rebates to 1,031 commodities were reduced.

July 2008: Tax rebates were raised for textile and garment exports from 11 percent to 13 percent.

October 2008: Rebates to textile and garment exporters were further raised to 14 percent, while value-added tax rebates for some plastic products were increased to 9 percent and those for some furnishing exports up to 11 percent and 13 percent. This round of rebate adjustments involved 3,486 commodities.

November 2008: Tax rebates for some rubber and forestry products were raised from 5 percent to 9 percent, and those for some machinery and electronic products were increased from 9, 11 and 13 percent, respectively, to 11, 13 and 14 percent.

December 2008: Tax rebates for some machinery and electronic products were further increased from 13-14 percent to 17 percent, while those for motorcycles, sewing machines and electrical conductors were raised from 11-13 percent to 14 percent. The adjustment covered 553 products.

February 2009: Export tax rebates were raised from 14 percent to 15 percent.

June 1, 2009: Tax rebates for canned food and fruit juice, corn flour and alcohol, suitcases, shoes, toys, furniture, ceramic and glass products, and some plastics were raised. Rebates for cold-rolled steel, alloy steel and other steel products were up from 5 percent to 9 percent and those for metal products such as scissors were raised from 5 or 11 percent to 9 or 13 percent. The move involved 2,600 exports.

July 15, 2010: Tax rebates to exporters of 406 products were removed, including 48 steel products.