Benefiting From The Support Of National Tax Policies, Shaanxi Textile Enterprises "Pform And Regenerate"

In recent years, with the support of the state tax policy and the service of the state tax agencies, Shaanxi textile enterprises have realized the pformation and rebirth with the help of tax reduction effect, and the products are gradually moving from the low end to the high end. Shaanxi textile enterprises have changed from "endangered" to "thrive and thrive".

Not long ago, Shaanxi Changrong Textile Co., Ltd. signed a cooperation agreement with tajiktan Locher Abries Co., Ltd., and the two sides jointly invested 200 million US dollars to set up a modern cotton mill in Dushanbe, capital of Tajikistan.

It is reported that after the completion of the cotton textile mill, it can produce 14 thousand tons of top-grade Combed Knitting Yarn and 50 million cotton cloth annually, with an additional sales revenue of RMB 500 million yuan and a profit of 160 million yuan.

However, who can imagine that Chang Rong, a company that has stepped out of the country and has developed "wind and water", was once an endangered enterprise that "could not find the next meal"?

"As a family from the original Baoji City

After the bankruptcy reorganization, Chang Rong's experience is a microcosm of the development of Shaanxi's textile industry.

Wang Xinhua, Deputy Secretary General of Shaanxi Textile Industry Association, told reporters that in the 80s of last century, the textile industry was once one of the three pillar industries in Shaanxi, and also the largest industry in Shaanxi's foreign trade export.

By the 90s of last century, due to the high cost of cotton and manpower, the competitive advantage of China's cotton yarn products was weakened, the whole cotton spinning industry was in a predicament, and the economic efficiency declined sharply, and the enterprises went bankrupt.

"What has helped Chang Rong company to get better and better today?" Wang Xinhua admitted.

The support and the service of the state tax agencies.

Reporters learned in the interview that tax burden has great impact on the cost of textile enterprises.

In the past few years, in order to reduce costs and reduce tax burden, many textile enterprises have reduced the amount of cotton and increased the proportion of chemical fiber fabrics, and began to produce large quantities of low-grade chemical fiber products. The production scale of cotton and cotton products in Shaanxi has shrunk in large areas.

"Because the production of cotton yarn with polyester fiber and other raw materials is halved, the value added tax can be deducted at a rate of 17%."

Shaanxi

Song Yongsheng, chairman of the limited company, gave reasons for this.

The turn of the matter appeared in 2012.

This year, the policy of approved deduction of agricultural product input tax began to pilot, and the processing industry of agricultural products benefited greatly from it.

In order to help the textile industry out of the trough, Shaanxi's Internal Revenue Bureau has conducted in-depth research and submitted several special reports, striving to carry out reform in the textile industry.

In October 2014, after the approval of the State Administration of Taxation, the Shaanxi textile industry took the lead in the pilot implementation of the approved Tax Deduction Policy for agricultural products, and 65 cotton textile enterprises in the whole province benefited from it. The cotton deduction tax rate rose from 13% to 17%, and solved the problem of "high and low deduction" which troubled the textile industry for many years at a stroke. This policy has become a major positive for the development of textile enterprises in the whole province.

The "timely rain" of tax policy has really lightened the burden on enterprises, allowing enterprises to invest more in technological pformation and win the market with high-quality and diversified products.

Song Yongsheng said: "over the years, the IRS has sent us policies and services to help us correctly declare the policy of deducting fixed assets and deducting the value added tax burden of more than 900 yuan. Since last year, it has helped us enjoy 27 million 80 thousand yuan in the purchase tax of cotton, which gives us more confidence to adopt new technologies, develop new products, and enable enterprises to keep developing vitality."

The quality service of Shaanxi's IRS has not only promoted the pformation and development of enterprises, but also injected vitality into the adjustment of regional industrial structure.

The textile city located in the east of Xi'an was once a major textile industry in Northwest China. However, with the weakening of the textile industry, the region lacked industrial support, and the growth of economic tax revenue was weak, and gradually dropped from the mainstream to the periphery. For a long time, the elements of the textile city had been old factories, quiet streets, shanty towns and laid-off workers.

In recent years, in order to create a modern textile industrial park in Xi'an as a breakthrough point, Xi'an began to implement the comprehensive pformation project of Textile City, introduced more competitive enterprises, and reorganized and rebuilt large group enterprises.

Nowadays, a new modern textile industrial park is emerging here.

Shaanxi province's internal revenue service has increased its service strength. It has set up a "green channel" for textile enterprises to enjoy preferential tax incentives. It provides guidance and training for enterprises to "one to one", and guides enterprises to grasp the methods of declaration and accounting, so as to benefit from the preferential tax policies of the state as soon as possible.

In recent years, with the support of the state tax policy and the service of the state tax agencies, Shaanxi textile enterprises have realized the pformation and rebirth with the help of tax reduction effect, and the products are gradually moving from the low end to the high end.

According to statistics, in the first 10 months of this year, the output of pure cotton products in Shaanxi reached 189 thousand tons, an increase of 16.4% over the same period last year, and 71 thousand tons of cotton mixed products, an increase of 24.9% over the same period last year, while the output of chemical fiber yarn was only 22 thousand tons, a decrease of 9.1% over the same period last year.