China is set to raise export tax rebates on textile products to 17 percent after the government unveiled six measures to shore up flagging exports on Wednesday, analysts said.
Although the move hasn’t been officially announced, there has been much speculation among industry insiders and experts that higher tax rebates are on the way.
Tags: export, tax, [...]
China’s top economic planning body is working closely with other organizations to study the feasibility of reforming the oil pricing mechanism and introducing fuel taxes to replace road tolls and cut oil prices, state media said today, citing latest information from the planner.
China’s National Development and Reform Commission (NDRC) yesterday said on its website that [...]
Chinese policy makers may decide to increase a refined oil consumption tax rather than impose a new fuel tax, as some market participants are expecting, official sources familiar with the issue told Reuters on Thursday.
The consumption tax, currently levied on seven refined oil products rather than just the retail staples of gasoline and diesel, is [...]
Tax rebates for China’s light industry should be increased to alleviate cost burdens on exporters, the cabinet said on Wednesday.
China also plans to remove unreasonable administrative fees and charges on industry players, and offer more, said a statement released after the executive meeting of the State Council presided over by Premier Wen Jiabao.
Tags: export, industry, [...]
The government is likely to levy fuel tax soon while rolling back road tolls and maintenance taxes, a senior researcher close to energy policy makers said Tuesday.
“The government has repeatedly said that it is looking for an appropriate time to start levying fuel tax, and now, with the global oil prices going down so much [...]
China will soon move ahead with its long plans for a fuel tax, said xinhuanet.com today, citing a senior researcher close to the country’s energy policy makers. The fuel tax is likely to be levied at a rate of about 50% as of the year end.
“The announcement will come very soon,” Han Wenke, director general [...]
