The latest data shows that in the first ten months of this year, the total export tax rebate of the national tax system of Shandong Province exceeded 70.7 billion yuan, an increase of 8.13%. It is learned that such a large policy dividend also benefits tire exporters.
According to reports, this year, Shandong Jinyu Industrial Co., Ltd. has received a total of 71 million yuan in tax refunds.
Due to the continued sluggishness of the tire market, due to factors such as the “double opposition†in the United States, tire companies’ export orders have been greatly reduced this year, and production stoppages have occurred. However, Jinyu Industrial related personnel said that the company not only did not have a reduction in production, but also a new production line.
It is understood that in the national rubber tire industry base Shandong Guangrao, Jinyu Industrial is a major tire exporter, and exports account for 80% of its tire products. The government’s policy dividends have released the company’s export vigor. The above-mentioned personnel said that the export tax rebate was in place in time, which greatly contributed to the development of the company.
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