Recently, the Ministry of Finance and the State Taxation Administration issued an important announcement, adjusting the policies for many products including aluminum and copper products.Export DrawbackThe new policy takes effect on December 1, 2024. For many enterprises involved in related commodities, it undoubtedly requires readjusting strategies to cope with the new situation. Today, we will analyze this announcement in detail to helpimport and exportFor enterprises, it undoubtedly needs to readjust its strategy to cope with the new situation. Today, we will analyze this announcement in detail to helpforeign tradeEnterprises can better understand these policy changes and their potential impacts.

I. Overview of Policy Adjustments

According to the announcement, this adjustment mainly involves the following points:

1. Cancel the export tax rebates for some products
   The export tax rebate policies for products such as aluminum materials, copper materials, and chemically modified animal and vegetable oils have been cancelled. This means that enterprises exporting these products will lose the opportunity to get a refund of the paid value - added tax, which may increase the export costs. The specific commodity codes and names can be found in Annex 1.
2. Reduce the export tax rebate rates for some products
   Refined oil products,photovoltaicproducts, batteries, and some non - metallic mineral products, the export tax rebate rate has been reduced from the original 13% to 9%. This policy reduction mainly affects export enterprises that have been accustomed to using a higher tax rebate rate to control costs.
3. Implementation Time
   The new regulations will come into effect on December 1, 2024. Enterprises need to pay special attention to the export date on the customs declaration form to determine the applicable export tax rebate rate.

II. Analysis of the Product List with Export Tax Rebates Cancelled

The types of products with export tax rebates cancelled this time are quite extensive, including a large number of copper alloy and aluminum alloy products. The following are some important product categories:

• Copper Products: Including bars, rods, profiles, and sheets of materials such as copper - zinc alloy and copper - nickel alloy. After the cancellation of the export tax rebate, enterprises will face higher export costs, which may affect their competitiveness in the international market.
• Aluminum products: A variety of aluminum alloy profiles, sheets, and pipes are also included in the list of products with export tax rebates cancelled. Especially for some aluminum products mainly applied in the construction, transportation, and electronics industries, the cancellation of the tax rebate may force exporters to re - evaluate the product pricing.
• Chemically Modified Animal and Vegetable Oils: Such oils are widely used in the food processing and chemical industries. The cancellation of their export tax rebates means that the export of these products will also face a greater tax burden.

III. Impact of the Reduction in Export Tax Rebate Rates for Some Products

For the reduction in the export tax rebate rates of refined oil products, photovoltaic products, and some mineral products, although the change range from 13% to 9% is not huge, for some enterprises, its impact cannot be ignored. For example:

• Photovoltaic Products: The photovoltaic industry has always been a key - supported area by the country. The reduction in the tax rebate rate may affect the profit margins of domestic enterprises in the short term, and thus have a certain impact on their global competitiveness.New energyRefined Oil Products
• : The reduction in the export tax rebate rates for products including vehicle gasoline, diesel, and aviation kerosene may lead to a decline in the price competitiveness of relevant export enterprises in the international market, especially in the face of the uncertainty of international oil price fluctuations.Facing the above - mentioned changes in the export tax rebate policy, enterprises should take measures as soon as possible to cope with the possible impacts:

IV. Countermeasures and Suggestions for Enterprises

Adjust the Product Pricing Strategy

1. The cancellation of tax rebates or the reduction in tax rebate rates will directly increase the costs of export products. Enterprises can consider appropriately raising the export prices to make up for the increase in tax burden. At the same time, they can also consider optimizing the production process and reducing other operating costs to ease the pressure brought by the tax rate adjustment. Diversify the Market Layout
2. Enterprises should consider exploring more international markets to diversify the risks that may be brought about by policy changes. Especially for enterprises exporting photovoltaic products and refined oil products, exploring non - traditional markets may be an important way to avoid the impact of policies. Actively Utilize Other Preferential Policies
3. While the export tax rebate policy is tightened, enterprises can pay attention to and utilize other tax incentives or subsidy policies provided by the government. For example, some local governments provide certain tax support for high - tech products or environmentally friendly products. Enterprises should actively apply for these preferential policies to reduce the comprehensive costs. Closely Monitor Policy Dynamics
4. This adjustment reflects the changes in the countrys export - oriented policies for some industries. Enterprises should closely monitor other relevant policies that may be introduced in the future, especially the dynamics of tariffs, trade protection measures, etc., so as to respond quickly and ensure compliant operation. Commodity Code

Original Announcement:https://fgk.chinatax.gov.cn/zcfgk/c102416/c5235887/content.html