Announcement: The Textile Industry's "High And Low Deduction" Is About To Change.

Long troubled textile industry " High key and low deduction The problem will change. According to the reporter, Anhui province took the lead in putting lint and cotton yarn into the pilot scale of approved value-added tax of agricultural products, which means that 13% of the input tax will be broken. Due to the complexity of the calculation method, enterprises will not be able to know the exact figure of the adjustment of the input tax until the tax is paid in March.

According to the announcement of the Anhui Provincial Finance Bureau of the Anhui provincial finance department on expanding the pilot deduction of value-added tax of agricultural products. Notice (2013 Document No. eleventh): since February 1, 2014, the general taxpayer who produces and sells lint, cotton yarn, refined tea and melon seeds with the purchase of agricultural products is included in the pilot scale of the approved value-added tax deduction for agricultural products. Whether the agricultural products are used for the production of the above products or not, the value added tax input tax is approved according to the relevant regulations of the Ministry of Finance and the State Administration of Taxation on the approved deduction method of the value-added tax input tax in some industries (fiscal 38 [2012]). The specific classification is as follows: primary processing of agricultural products (Code: A0513, selection of "cotton seed processing" part), cotton yarn processing (Code: C1711). Deduction method: the pilot taxpayers purchase agricultural products, produce and sell lint, cotton yarn, refined tea and melon seeds. According to the notice of the Ministry of Finance and the State Administration of Taxation on the approved deduction method of the tax deduction for agricultural products value-added tax in some industries (fiscal 2012 [38]), 1, the "input output method" provisions of the fourth implementation of the "input output method" in the implementation of the approved pilot deduction scheme for the value-added tax of agricultural products. Verification The pilot taxpayer purchases and sells the above products according to the current sales situation of the main products, and calculates the VAT input tax that is allowed to be deducted.

According to the notice, the deduction standard (the quantity of agricultural product consumption) has been clearly stipulated: the lint (per ton) is calculated according to the 2.7 unit seed cotton consumption per unit quantity, the combed cotton yarn (per ton) is calculated according to the 1.4 unit seed cotton consumption quantity, and the combed cotton yarn (per ton) is calculated according to the 1.1 tons seed cotton unit consumption quantity.

In addition, according to the announcement of the Hebei Provincial Department of finance of the Hebei provincial finance department on the issue of expanding the pilot industry of value-added tax deduction of agricultural products (No. first 2014), the "seed cotton processing" and " Down production It is included in the pilot industry of approved deduction. It stipulates that the general tax payers who are engaged in "seed cotton processing", "starch processing" (corn, potato as raw material), "leather tanning processing", "biomass power generation" and "down production" are approved and deducted. The approved deduction of agricultural products adopts the input output method, and the unified approved deduction standard of the whole province is implemented in the 5 provinces.

Editor's note: for a long time, the policy of "high levy and low deduction" (cotton input tax is deducted by 13% and cotton yarn output tax is levied on 17%) has been implemented in the textile industry.

At the beginning of new spring, Anhui province took the lead in lint. Cotton yarn The pilot scale of the approved deduction of value-added tax for agricultural products has exceeded 13%, making it the first province in the country to break the policy of "high taxes and low deductions". This undoubtedly brings a hint of spring to the textile enterprises in Anhui in the severe winter.

Here, we hope that the relevant administrative departments will accelerate the pace of reform, and integrate the agricultural products needed for the people's clothing problem as soon as possible, so as to reduce the production cost and enhance the competitive advantage of China's textiles in the international market.