Zhejiang Has Been Benefiting From The New Tax Policy Since August 1St.

< p > > a href= "http:// www.sjfzxm.com/news/index_c.asp" > Zhejiang < /a > the provincial taxation bureau and the finance department issued a new policy recently. It is clear that since August 1st, the general taxpayers who purchase cotton, linen and pecan seed (ren) as raw materials to produce cotton yarn, silk reeling and Pecan (kernel) have been included in the pilot scale of the approved value-added tax of agricultural products.

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< p > the expansion of the pilot approved deduction of value-added tax of agricultural products has a significant tax reduction effect on our traditional industries, especially the cotton textile and silk reeling industry.

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< p > < < a href= > http:// > www.sjfzxm.com/news/index_c.asp > > policies and regulations > /a > cadre introduction. The difference between the approved deduction of agricultural products and the "deduction rate" of the past is that the deduction function of the VAT deduction voucher of the pilot farm products has been abolished. The input tax amount of the agricultural products is decoupled from the existing deduction certificate, and the amount of the current deductible input tax is determined according to the amount of agricultural products actually consumed by the taxpayer every month.

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< p > it is understood that the main advantage of implementing the approved agricultural products is to solve the policy defects of agricultural products processing industry in the past, that is, to deduct "high and low deductions" from the fixed rate of votes in the past, and lighten the burden of enterprises.

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< p > over a long period of time, the agricultural product processing industry has 13% of the purchase of agricultural products deduction, and the "high and low deduction" dilemma of products being deducted by 17%.

After the approved deduction, enterprises can deduct the purchased agricultural products by 17%, and the tax burden will be reduced.

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< p > for example, a "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > textile enterprise < /a > 2013 sales of 5360 tons of stainless steel, the sales amount of 128 million 600 thousand yuan, the value added tax 3 million 970 thousand yuan, while the purchase of agricultural products 145 million 815 thousand and 200 yuan, according to the original policy can only deduct 18 million 956 thousand and 700 yuan, according to the current method of calculation, under the same conditions can deduct 20 million 305 thousand and 700 yuan, enterprises can deduct more than 1 million 349 thousand and 700 yuan, the tax burden dropped 34%.

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At present, the approved deduction of agricultural products is still in the pilot stage. With the expansion of the approved deduction, the development of agricultural products processing industry in P will be greatly promoted.

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