1985-04-01: Implemented the export tax rebates policy |
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1994-01: Reformed tax rebates management method |
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Slashed tax rebates in 1996: product tax to 3% from 11%; value-added tax to 6% from 13%; and consumption tax to 9% from 17% |
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1998: General tax rebates rate for export goods were raised to 15% from 6% previously |
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2002: Implemented an export tax rebates management method of tax exemption, tax reduction and tax reimbursement for production enterprises exporting their self-made goods. |
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2003: Adjusted tax rebates to 12.51% from 15.5%
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2006-01-01: Eliminated tax rebates for many leather items used as raw materials and cut tax rebates for other products.
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2006-09-15: Reduced tax rebates for steel, some non-ferrous metals, textiles and furniture, raised the export rebate rate for major technical equipment, some IT, biological and medical products and high-tech products as well as processed farm produce |
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2007-04-15: Scrapped export rebates on 83 steel products while lowering the rate on 76 others |