Jiangxi Province Will Put Cotton Yarn Into The Pilot Project To Solve The Problem Of "High And Low Deduction".

Recently, Jiangxi Province The Inland Revenue Department and the Jiangxi provincial finance department issued the announcement of the Jiangxi Provincial Finance Department of the Jiangxi Provincial State Taxation Bureau on expanding the pilot industry scope of the approved value-added tax of agricultural products (No. twelfth of 2014). According to the announcement, since November 1st this year, the general taxpayers who produce and sell rice, lint and textiles with the purchase of agricultural products as the value-added tax shall be included in the pilot scale of the approved value-added tax deduction for agricultural products. The general taxpayer of value added tax entrusts other units and individuals to process the above products, and is also included in the scope of the trial.

According to the notice, the deduction standard (the quantity of agricultural product consumption) has been clearly stipulated. Among them, each ton of cotton linen, combed cotton yarn and combed cotton yarn are calculated according to the unit consumption of 2.65 tons, 1.42 tons and 1.15 tons of seed cotton. The amount of per ton of cocoon white silk is calculated according to the consumption of 3.6 tons of cocoon, and the amount per ton of ramie refined hemp is calculated according to the consumption of 1.68 tons of ramie per ton of ramie yarn according to the amount of 2.11 tons of ramie refined hemp consumption.

Nantong, Jiangsu Spin Enterprises look forward to loosening the "high levy and low deduction"

In October 22nd, Jiangsu Nantong economic and Information Committee and Nantong Textile Industry Association jointly organized the city key cotton textile enterprise exchange meeting. The participating enterprises signed the "proposal to put Nantong textile enterprises into the pilot scheme of approved tax deduction for the value-added tax of national agricultural products" to solve the problem of "high levy and low deduction".

Participating entrepreneurs speak The main experiences, practices and achievements achieved in the spanformation and upgrading of enterprises were exchanged. The first is to sum up the production and operation of 1~9 months, the completion of main technical and economic indicators and the annual cotton consumption (ton). The two is the main practice and achievements in the spanformation and upgrading of enterprises in the past two years; three, it puts forward several suggestions for developing the textile industry.