Trumy News → China current Export Product Tax Return Policy
The
China government made a sudden change of Export Product Tax Return
Policy and it will come into use from 1st,July and this date is
according to the export date.
Many products have been seriously affected and the tax return was
declined a lot, some declined by 8%, some now without tax return, that
is to say, as for some products, China government has stopped to
encourage to export, such as some product including high energy and low
additional worth,such as,chemicals, hardware and so on.
This sudden change of Tax Return brings great loss to suppliers and
factories, however, on the contrary, the siipping company may earn a lot
from this change, because every supplier and factory are always rushing
into shipping goods before end of June, so the ocean freight go up
greatly and no people have time to compare the price among shipping
companies like before.