03 September 2008

Chinese tax rebate policies adjusted for some wood products

According to a decision taken by the Ministry of Finance and State Taxation Bureau, China will increase its export tax rebate on some bamboo products and abolish the export tax rebate rate on products such as rosin and Korean pine nuts.
The export tax on bamboo products, which includes multi-layer bamboo floors with less than 6 millimeters in thickness per layer, disposable bamboo chopsticks, disposable bamboo round toothpicks, round sticks, tongue-pressing plates and other disposable bamboo products, will increase 11%. Local experts believe that adjusting export tax rebates of some wood products will help accelerate China’s bamboo products exports and bring greater attention to the importance of forest sector reform in the southern collective forest regions. In the meantime, the regulation of export tax rebate policy will help promote the adjustment of the rosin industry’s industrial structure.