Import and export agency: 418 products export tax rebate rate increased to 17%

The Ministry of Finance and the State Administration of Taxation recently issued the "Notice on Raising the Export Tax Rebate Rate for Mechanical and Electrical Products" (Cai Shui [2016] No. 113), proposing that the export tax rebate rate for cameras, video cameras, internal combustion engines, gasoline, and aviation kerosene be increased to 17 %. The notice is effective from November 1, 2016. The export tax rebate rate applicable to the goods shall be defined by the date of export on the export goods declaration.

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