Near the end of the year at the end of the year, the country has once again used tariff adjustment as an important lever to regulate the economy. The State Ministry of Finance announced on the 21st that, with the approval of the State Council, China will adjust import and export duties from January 1, 2008. The new tariff will continue to impose export tariffs on products such as coal, crude oil, urea, and diammonium hydrogen phosphate, and will introduce or increase export tariffs on products with high energy consumption such as coke, which have a large impact on the environment.
The Ministry of Finance did not disclose the details of the changes in taxation, but the reporter learned from the 23rd Minister of Finance Xie Xuren’s interview with the outside world that the tariff adjustment in 2008 will have the following changes: First, to promote the construction of a new socialist countryside. The provisional tax rate for imports of agricultural production materials such as feed and pesticide intermediates that are urgently needed for agricultural production is lower. At the same time, in order to meet the needs of domestic agricultural fertilizer production, next year will continue to impose seasonal tariffs on the export of fertilizers such as urea and diammonium phosphate. Second, in order to encourage independent innovation of enterprises, the key equipment and parts that are beneficial to the introduction and promotion of new technologies for some of the domestic raw materials for chemical, electronic, and information technology products that cannot temporarily produce domestic or domestic technical performance indicators can not meet the needs are implemented. The temporary tax rate for imports. Third, from the perspective of building a resource-conserving and environment-friendly society, protecting domestic shortages of mineral resources, supporting the recycling economy, and achieving energy-saving and emission-reduction targets, we will start from the perspective of fuel oil and other energy resources products such as glycerin, naphtha, and benzene. Formic acid and other basic raw materials continue to implement lower import tariffs or reduce import tariffs; continue to implement temporary export tax rates for crude oil and other energy and resource products, and new products such as coke and other high energy consumption and high environmental impacts. Increase export tariffs. For example, the export tariff of coke, the adjustment program is raised from the current 15% to 25% next year.
It is understood that after adjustment, the total tariff level in 2008 was 9.8%. Among them, the average tax rate for agricultural products is 15.2%, and the average tax rate for industrial products is 8.9%. Experts believe that the adjustment of the tariff policy will, on the whole, forcefully advance the structural adjustment of the chemical industry and effectively change the current high energy consumption, heavy environmental protection tasks and the pressure of the country’s foreign trade imbalance. Experts reminded that at present, the country’s tariff policy has changed, and the “two high and one capital†product is no longer encouraged to earn foreign exchange through exports. This trend will not change for a considerable period of time.
The Ministry of Finance did not disclose the details of the changes in taxation, but the reporter learned from the 23rd Minister of Finance Xie Xuren’s interview with the outside world that the tariff adjustment in 2008 will have the following changes: First, to promote the construction of a new socialist countryside. The provisional tax rate for imports of agricultural production materials such as feed and pesticide intermediates that are urgently needed for agricultural production is lower. At the same time, in order to meet the needs of domestic agricultural fertilizer production, next year will continue to impose seasonal tariffs on the export of fertilizers such as urea and diammonium phosphate. Second, in order to encourage independent innovation of enterprises, the key equipment and parts that are beneficial to the introduction and promotion of new technologies for some of the domestic raw materials for chemical, electronic, and information technology products that cannot temporarily produce domestic or domestic technical performance indicators can not meet the needs are implemented. The temporary tax rate for imports. Third, from the perspective of building a resource-conserving and environment-friendly society, protecting domestic shortages of mineral resources, supporting the recycling economy, and achieving energy-saving and emission-reduction targets, we will start from the perspective of fuel oil and other energy resources products such as glycerin, naphtha, and benzene. Formic acid and other basic raw materials continue to implement lower import tariffs or reduce import tariffs; continue to implement temporary export tax rates for crude oil and other energy and resource products, and new products such as coke and other high energy consumption and high environmental impacts. Increase export tariffs. For example, the export tariff of coke, the adjustment program is raised from the current 15% to 25% next year.
It is understood that after adjustment, the total tariff level in 2008 was 9.8%. Among them, the average tax rate for agricultural products is 15.2%, and the average tax rate for industrial products is 8.9%. Experts believe that the adjustment of the tariff policy will, on the whole, forcefully advance the structural adjustment of the chemical industry and effectively change the current high energy consumption, heavy environmental protection tasks and the pressure of the country’s foreign trade imbalance. Experts reminded that at present, the country’s tariff policy has changed, and the “two high and one capital†product is no longer encouraged to earn foreign exchange through exports. This trend will not change for a considerable period of time.
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