Xiuzhou Textile Enterprises Welcome New Opportunities For Pformation

Recently, the reporter learned from the Xiuzhou district tax bureau that according to the announcement of the Zhejiang provincial Internal Revenue Bureau on the pilot project of increasing the value-added tax of agricultural products, the purchase of agricultural products Cotton (lint), silkworm cocoon and pecan seed (kernel) were sold and sold since August 1, 2014.

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The general taxpayers of Pecan (kernel) are included in the pilot scale of the approved value-added tax deduction for agricultural products. Whether the agricultural products are purchased or not for the above products, the value-added tax input tax is approved according to the relevant provisions of the Ministry of Finance and the State Administration of Taxation on the approved deduction method of the value-added tax input in some industries.

According to the relevant person in charge of the state tax department, for a long time, in order to embody the support policy for the "three rural" policy, the State adopts a tax exemption policy for the sale of self produced agricultural products. However, due to the requirements of the pmission mechanism of the value-added tax chain, the agricultural product processing enterprises can issue their own certificates to deduct the input tax on their own. In actual operation, it is very frequent to falsifying the agricultural products purchase vouchers, multiple entries, tax evasion and fraudulent export tax rebates.

For this reason, the Ministry of Finance and the State Administration of Taxation started the pilot project of approved value-added tax deduction for different agricultural products in 2012.

The approved deduction is based on the quantity of agricultural products consumed in the sale of products, and the input tax is determined at the core. Under such a way of deduction, the agricultural products processing enterprises generally do not have the phenomenon of withholding tax, and the deduction of the input tax is more balanced.

In August this year, the further expansion of this policy mainly involved Silk Reeling Enterprises in Xiuzhou's textile industry.

The raw material cocoon of silk reeling enterprises is agricultural products. For a long time, the input tax deduction is 13%, the output tax is 17%, and the extra 4% tax difference is borne by the enterprises, which makes the enterprises feel pressure.

"On the one hand, the pilot" smoothed out "the tax rate difference.

District tax department responsible person said.

The enterprise's purchase of agricultural products deduction is no longer based on the VAT withholding tax certificate, but is calculated according to the input-output method to allow the deduction of the value-added tax input tax of agricultural products in the current period, and it is calculated on the basis of the unit consumption quantity of agricultural products, the quantity of goods sold during the current period and the average purchase price of agricultural products.

Monthly tax payable is related to sales volume and has nothing to do with raw material purchase volume.

The deduction rate is calculated according to the applicable tax rate of 17%.

At the same time, this pilot also brings new opportunities for pformation and upgrading of enterprises.

"Before the enterprise purchased raw materials, whether the quality is good or bad, it is reimbursed by the invoice amount. Now it depends on output reimbursement. Poor quality raw materials will affect the yield of silk, which will guide enterprises to buy good cocoons, further improve their product quality, and promote the pformation and upgrading of the entire industry."

District tax department responsible person explained.

According to the briefing,

There is a need for a convergence period. The pilot taxpayers are required to shift their initial value from the beginning of August 1st to the inventory of agricultural products and the value-added tax input tax on semi manufactured goods and finished products.

If there is a real difficulty in the one-time payment of the warehousing, the tax amount can be pferred out according to the amount of the pferred amount before December 31, 2014.