Jia Kang, director of the Finance Department of the Ministry of Finance, disclosed at the "2012 China Foreign Trade 500 Top Enterprises Forum" that in order to further optimize the structure of China's import and export trade, the Ministry of Finance's foreign trade structural tax cuts will continue to uphold "differential treatment and pressure "The principle of further structural tax cuts to optimize the role of economic structure. In this program, about 700 kinds of imported products will reduce tariffs this year.
Jia Kang pointed out at the forum that the structural tax cuts for foreign trade include two aspects: export tax rebates and import tariffs. In the aspect of export tax rebate, the plan will embody the state's support for the independent science and technology content industry and will continue to encourage China's equipment manufacturing industry with a high technological content to further expand its overseas market share. The equipment manufacturing industry export will implement a full tax rebate. For those industries that consume resources, they must withdraw the tax rebate policy.
In terms of import tariffs, Jia Kang said that the relevant tax cuts will mainly cover two types of imports: resource replacement and environmental substitution. "The resources that can be purchased abroad must be encouraged to import more; domestic production forms products with more obvious pollution, but also encourages more imports; it is not necessary to import from developing countries, but also imports more from developing countries," he said. .
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