Apparel Costing

The state policy on tax refunds for export， having been implemented since 1985， has played a positive role in encouraging export trade， adding to foreign exchange earnings and promoting the development of the national economy. However， there are some problems existing at present， such as less payment with more refund， and a refund scale extending beyond financial burdens. With a view to giving consideration to both foreign trade development and the financial situation， the State Council has decided to lower the rates of tax refund for export. Relevant stipulations are hereby notified as follows...