The Government Approved The List Of Investment Projects To "Relax".

In October 8th, the State Council held a executive meeting to decide on Revising the list of investment projects approved by the government, promoting effective investment and entrepreneurship, listening to reports on the supervision and inspection of the central enterprises, and promoting the reform and development of state-owned enterprises.

It is pointed out that the revised catalogue of investment projects approved by the government will be revised again this year.

The meeting identified the following principles: first, further reduce the scope of approval.

For projects that are fully competitive in the market, enterprises can self regulate, and can be effectively regulated by economic and legal means, they will be changed from approval to filing.

The two is further decentralization of authority.

The central departments and local responsibilities should be clearly defined for the projects that need to be approved at this stage.

The three is to further improve supervision.

The approval of decentralization is approved by the local government according to the national plan, and the requirements of "responsibility for each other and supervision by law" are implemented.

After the revision of the catalogue,

The level of investment approved by the government will be reduced by 40% compared to 2013.

The meeting required that we should persist in laying stress on both sides and strengthen follow-up supervision.

Based on the online approval and supervision platform of investment projects, combined with the enterprise credit information publicity system, the investment project construction information report and enterprise credit file system are established, and the relevant information is disclosed to the public.

Shandong also included cotton yarns in the approved pilot scale of VAT input tax.

The Ministry of finance of Shandong and the State Administration of Taxation of Shandong recently issued the notice on expanding the pilot deduction of value-added tax for agricultural products, producing cotton lint for the purchase of agricultural seed cotton as raw material, and purchasing agricultural products lint as raw material to produce cotton yarn.

The notice has been implemented since October 1st of this year.

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"Stipulates: the number of cotton seed per cotton consumption per seed cotton (ton) is 2.85, the combed cotton yarn is 1.15 lint, the combed cotton yarn (80 below) is 1.40, and the combed cotton yarn (80 or more) is 1.45.

Xia Zhilin, President of the Shandong Textile Industry Association, gave a high degree of evaluation: This is the result of many years and efforts to strive for. It is the important embodiment of the provincial government of Shandong Provincial Committee and the practical support of the textile industry. It is a delivery to Shandong cotton textile industry.

It is understood that at present, there are 1243 cotton spinning and weaving processing enterprises above Designated Size in Shandong, and the profit is 16 billion 860 million yuan in 1~7 months, down 2.85% compared with the same period last year. The deficit of loss making enterprises increased by 46.39% over the same period last year. The cotton yarn output was about 5 million 500 thousand tons in 1~8 months, of which cotton and cotton blended yarn accounted for more than 90%.

Therefore, most enterprises will benefit from the problem of "high levy and low deduction" that has plagued the industry for many years.