Home > Hong Kong Trader (Special Alert)     Content provided by:     30 March, 2009     Export VAT Rebates for Textiles and Electronic Information Products to Go Up from April     China's Ministry of Finance (MOF) and State Administration of Taxation have issued a circular on the increase of VAT rebate rates for export items including textiles, garment, light industrial goods, electronic information products, steel products, non-ferrous metals and petrochemicals from 1 April 2009. Under the latest round of VAT rate hikes covering items under 3,802 tariff codes, the rate for CRT colour TV will go up to 17%, textiles and garment 16%, metal furniture 13%, and locks 9%. For details in Chinese, please visit the MOF website at: http://szs.mof.gov.cn/shuizhengsi/zhengwuxinxi/zhengcefabu/200903/t20090327_127481.html