What Are The Preferential Tax Policies For Cotton Silk?

China is a big exporter of textile products. Export tax rebate policy Yes 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 acquire a large quantity of cotton, linen and silk. However, China has established a more perfect VAT and enterprise income tax preferential policies in the aspects of cotton, linen and silk cultivation, acquisition and processing.

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 garments increased from 11% to 13%, and increased to 14% after 3 months, and only 3 months later, from February 1, 2009, the export rebate rate of textiles and clothing increased to 15%, from 1 in April 2009.