Increased tax rebate rate for super-hard materials
On October 22, 2018, the Ministry of Finance issued an adjustment to adjust the export tax rebate rate for some products.
Caishui [2018] No. 123 document states: In order to further simplify the tax system and improve the export tax rebate policy, the export tax rebate rate for some products will be adjusted. The export tax rebate rate for photographic paper rolls, plastic products, bamboo flooring, grass vine weaving products, tempered safety glass, lamps and other products will be increased to 16%. The export tax rebate rate for lubricants, aircraft tires, carbon fiber, and some metal products was increased to 13%. The export tax rebate rate for some agricultural products, bricks, tiles, fiberglass and other products will be increased to 10%. Implemented on November 1, 2018.
The China Machine Tool Association Superhard Materials Branch has compiled a list of super-hard materials that increase the export tax rebate rate for industry reference.
List of super-hard materials that increase export tax rebate rate
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