Textile products will be fully refunded

Textile products will be fully refunded

The Ministry of Finance recently announced that it will adjust the export tax rebate rate for some products from April 1 this year. The adjusted tax-back rate for various types of textile products reached 17%, which is equivalent to a full refund. The tax rebate rate for high value-added medical equipment such as vascular stents has also been raised to 17%.

Steady growth has been listed as the number one priority task for the central government's economic work this year, and the export of one of the three troika is an important starting point. In the joint promotion of the tax rebate rate increase and the lower cotton prices, the textile and apparel industry is ushering in an opportunity to improve the economy. Focus on Luthai A, Blum East, Huafu Color Spinning and so on.

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