Textile Industry: A Tax Preference Policy For Cotton Silk

2010/10/26 17:33:00 85

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China is a big exporter of textile products, and the export tax rebate policy is right.

Textile industry

Revitalization is crucial.

In recent years, the state has continuously adjusted the export tax rebate rate of textiles and clothing, and has effectively supported the export of textiles and clothing.

The textile industry needs to buy large quantities.

cotton

In China, cotton and linen and silk have been well developed in terms of planting, purchasing and processing.

Value added tax

And enterprise income tax preferential policies.

Value added tax

The primary agricultural products sold by agricultural producers can be exempted from taxes; if the general taxpayers purchase agricultural products, they can deduct the input tax according to 13%.

Corporate income tax

Enterprises' income from agriculture, forestry, animal husbandry and fishery projects is exempt from or reduced by enterprise income tax, which provides policy support for the textile industry to build high-quality cotton yarn, cotton and cotton textile production bases, and cotton, hemp and silk and other agricultural products.

Export tax rebate

Since the second half of 2008, the state has made four adjustments to the export rebate rate of textiles and garments.

In July 1, 2008, the export rebate rate of some textiles and clothing increased from 11% to 13%; after 3 months, it increased to 14%; and only after 3 months, the state raised the export tax rebate rate of textiles and clothing to 15% from February 1, 2009, and the export rebate rate of textiles and garments increased to 16% from April 1, 2009.