"World Textile Capital", Keqiao, Shaoxing: Reducing Taxes And Reducing Fees Will Help "Old Trees Sprout".

"We estimate that after April 1st, only one value-added tax is expected to reduce the tax burden by 11 million yuan a year."

The policy of lowering taxes and lowering fees has landed the chairman of Zhejiang Ying Feng Polytron Technologies Inc, Fu Shuangli, confident of winning the tough battle of upgrading traditional industries.

Keqiao District of Shaoxing City, Zhejiang province is known as the "world textile capital", and dyeing and printing is the leading industry in the region.

Keqiao district is the two "provincial pilot" of pformation and upgrading of textile and dyeing industry in Zhejiang province and upgrading of traditional manufacturing industry.

In Fu Shuangli's view, the pformation and upgrading of traditional industries, science and technology investment is a breakthrough, improve product value-added is the direction, and tax reduction and fee reduction for the traditional industry pformation and upgrading by pressing the "fast forward key."

As a traditional textile enterprise mainly engaged in textile dyeing and printing, Ying Feng technology has been adhering to the Dongfeng tax reduction and reduction in the past two years, insisting on high positioning, high investment and development, and steady increase in operating efficiency.

It is understood that the company's per mu tax revenue ranks first in the printing and dyeing industry in Shaoxing.

"In 2017 alone, our sales revenue exceeded 900 million yuan, and the R & D fee plus 17 million yuan was deducted, enjoying a preferential tax rate of 18 million 500 thousand yuan for hi-tech enterprises.

Two tax concessions increased by 6 million 700 thousand yuan and 2 million 250 thousand yuan respectively compared with 2016.

Wang Feng, chief financial officer of Ying Feng Technology, said.

When it comes to the use of provincial taxes, many textile and dyeing enterprises have said that some of them will be used for production and re investment, while some will continue to invest more in research and development for new products.

"The company has taken 120 mu, ready to invest 1 billion 200 million yuan to build a printing and dyeing intelligent factory, and get the real estate input tax, from the original two years deduction to a one-time full deduction, to speed up the pfer of our business capital, and it is a big tax relief."

Fu Shuangli finely calculated the tax deduction account.

It is understood that local investment in textile manufacturing is increasing, making the traditional "big dye vat" glow with new vitality.

In the production workshop of Yongli printing and dyeing Co., Ltd. in Shaoxing, the reporter saw that the computer system was automatically controlled by the preset steps, and automatic operation from automatic color matching to proofing, weighing and so on, which greatly reduced the labor cost.

Shaoxing Ying Li printing and dyeing Co., Ltd. monitors the operation process of each dye cylinder dynamically by installing "printing and dyeing brain" for 24 hours. Once abnormal, it will give early warning, so as to effectively improve the passing rate of dyeing, achieve 1% reduction in production cost and increase efficiency by about 10%.

Long Yuehui, secretary and deputy director of the Zhejiang provincial taxation bureau, said that the real tax reform dividends are actively promoting pformation and upgrading of the traditional manufacturing industry, making greater contributions to the development of high quality economy.