Mori Kirin (002984.SZ) issued an announcement. Recently, the company hired assistance from the company to carry out the US Department of Commerce's investigation into Thailand...
Zhitong Finance App News, Mori Kirin (002984.SZ) issued an announcement. Recently, Beijing Jincheng Tongda Law Firm and its US Cooperative Law Firm obtained the final ruling from the company to assist in carrying out the first annual administrative review (hereinafter referred to as “this review” or “anti-dumping review”) of the US Department of Commerce's anti-dumping investigation against Thai passenger car and light truck tires.
The final ruling results of this review are consistent with the preliminary ruling: Mori Kirin Thailand's final ruling individual tax rate was 1.24%; another mandatory respondent company, Sumitomo Tire Japan (Thai company), finally ruled that the separate tax rate was 6.16%; and the final tax rate for other Thai tire companies exporting to the US was 4.52%. The acquisition of this separate tax rate shows that Morikirin Thailand's operational management compliance and ability to participate in international competition is at the leading level in the industry.
According to the announcement, Mori Kirin Thailand, as a non-mandatory respondent in the original review, applied the original tax rate of 17.06% to other Thai tire companies exported to the US; after the final tax rate in this review was released, Mori Kirin Thailand, as a mandatory respondent company, will apply a separate tax rate of 1.24%. This result is a sharp drop from the original tax rate. At the same time, Mori Kirin Thailand will also become the company with the lowest individual tax rate for Thai passenger car and light truck tires exported to the US. As the company's core overseas base and the company's important profit engine, Mori Kirin Thailand's competitiveness and profitability is promising Significant improvement.