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Xinjiang Cotton Association: The Government Issued The Notice On Speeding Up The Development Of The Textile Industry In The Autonomous Region.

2010/10/6 16:55:00 64

Cotton Sales In Textile Industry

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Xinjiang

The people's Government of the autonomous region issued the "speeding up the autonomous region".

textile industry

Development of Finance and taxation

policy

Notice.

The introduction of this policy provides a good policy environment for the development of Xinjiang's textile industry. It will play a great role in promoting the economic development of Xinjiang autonomous region.

The contents of the notice are summarized below for reference.


1. Since 2011, the textile enterprises in the autonomous region (including cotton spinning, wool spinning, hemp spinning, chemical fiber and clothing).

Following the implementation of technological pformation, technological innovation and development of downstream products and obtaining loans from financial institutions, they shall be supported by discount funds by the financial department of the autonomous region and by the letter Committee after the declaration by enterprises.

The Finance Department of the autonomous region and the Economic Commission of the Autonomous Region shall arrange funds of not less than 20 million yuan a year from the special funds for the development of small and medium-sized enterprises, and support the newly established textile enterprises in the autonomous region.


Two. On the basis of the national cotton and cotton yarn pport subsidy, from 2011 onwards, the government will make a decision on the


The cotton spinning and weaving enterprises in the area control the production of more than 32 yarn (including 32 branches) sold on the raw materials of Xinjiang cotton and sold to the mainland sales area. The autonomous region's finance department grants subsidies for pportation costs of 200 yuan per ton per year, and the 32 provincial departments of the Autonomous Region give annual subsidy of 100 yuan per ton for pportation and pportation costs.


Three. The textile enterprises in the Autonomous Region shall be exempt from the 5 year share of the enterprise income tax since 2011. During the period of 2015 2011, after the joint recognition of major technological pformation, expansion of scale, production process innovation and extension of the downstream industry chain, the Ministry of Finance and taxation and the competent departments of textile industry of the Autonomous Region shall continue to be exempt from the 5 year share of enterprise income tax from the date of recognition.


Four, in order to encourage textile enterprises to achieve industrial integration and rational utilization of superior resources, from 2011 to 2015, the existing and newly established textile enterprises above Designated Size in the autonomous region were exempt from 5 years of property tax and urban land use tax on their own land.


Five, according to the relevant provisions of the state's western development, since 2011, all textile enterprises within the scope of encouraging the development of industrial catalogues should enjoy the preferential tax rate of enterprise income tax on the basis of western development.

It is exempt from 5 years of local sharing.


Six, for textile enterprises newly established within the scope of the key encouraged development catalogue in the difficult areas of the autonomous region, the policy of "two exemption and three halves" of enterprise income tax can be enjoyed, and the share sharing part shall be exempted from the half of the collection period.

After the expiration of the policy period, the enterprise income tax exemption can continue to enjoy part of the policy or preferential tax policy for the western development.


Seven, the overall pfer of enterprise property rights in the process of restructuring and restructuring of state owned textile enterprises shall be exempted from business tax. When the pfer of ownership occurs in the process of restructuring and restructuring of state-owned textile enterprises, business tax is exempt.


The tax exemption and exemption for textile enterprises in the smelter area should be mainly used to improve the wages and technical renovation and upgrading of products.

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