Hangzhou Chun’an: Tax incentives help enterprises smooth the “Silk Road”
“Key Backbone Township Enterprises in Zhejiang Province”, “Key Silk Development Enterprises in Zhejiang Province”, “Demonstration Enterprise for Comprehensive Management of Township Enterprises in Hangzhou”…as One of the largest silk production companies in Chun’an, Hangzhou, Hangzhou Shangren Silk Co., Ltd., located in Weiping Town, has always been the focus of the local tax department. In addition to benefiting from the inherent advantages of being a “big sericulture town”, it has also received tax benefits in recent years. The policy support has made the company’s “Silk” road smoother and smoother, and its products are sold overseas.
Sericulture cultivation, small town silk production is getting better and better
Weiping Town has a long history of planting mulberries and raising sericulture. Since 2000, the town has developed large-scale and contiguous mulberry gardens. The total area of mulberry gardens in the town is 22,000 acres. “Planting mulberry and raising silkworms yields quick results, and there are departments to train professional skills. Last year, I planted more than 2 acres of mulberry gardens and earned nearly 10,000 yuan from selling cocoons.” Villager Uncle Tang said. Sericulture cultivation has helped a large number of idle rural laborers increase their income, which makes many farmers very happy. In order to help growers memorize the “Getting Rich”, the Chun’an County Taxation Bureau has set up a special team to assist farmers, go deep into the fields, explain in detail to farmers the tax preferential policies such as exemption of value-added tax for self-produced and self-sold agricultural products, and provide guidance to farmers on how to issue self-produced agricultural products. Tax-free invoices for agricultural products produced for self-sale.
The government has also adopted support and incentive measures to vigorously develop sericulture cultivation. Hangzhou Shangren Silk Co., Ltd., located in a small town, has unique development conditions. “Our company currently has more than 350 employees, most of whom are local villagers from surrounding areas.” Ye Zhongxing, the financial officer of Hangzhou Shangren Silk, said, “This year, we have purchased more than 150 tons ofDried cocoons are produced as raw materials. These dried cocoons are processed from new cocoons purchased from farmers. Sericulture planting has boosted the development of the local silk industry, and the development of enterprises has also driven villagersEmploymentincreases income, and enterprises and farmers are happy to see two-way mutual benefit.”
Exports are retreating rapidly and business confidence is getting stronger
Good quality and good prices allow Shanglu Silk to enjoy a good reputation in the market. The company’s average annual sales are nearly 200 million yuan. In recent years, its products such as white factory silk, spun silk, and linen yarn have been exported abroad. Exported to Europe, America, Japan, Southeast Asia and other places.
Foreign exports have become an important sales channel for enterprises. Of course, affected by the epidemic, corporate capital turnover has also been in trouble. “Fortunately, the tax department helped us get through the most difficult period in time and has always maintained close contact with us.” As a key tax source enterprise, the local tax department has been paying attention to the development of the company all year round. During the epidemic, tax administrators took the initiative to understand the situation of enterprises as soon as possible, and actively guided enterprises to apply for export tax refunds, simplifying approvals and accelerating the tax refund process. “The export tax rebate we have enjoyed this year is very large, which has brought great help to our production and operations, and also enhanced our confidence in development. Now, we are fully focusing on product upgrades.” Company Finance Ye Zhongxing said happily. According to statistics, as of October 2021, the sales of Hangzhou Shangren Co., Ltd. have exceeded the same period last year by nearly 40 million yuan, a year-on-year increase of 71%.
Taxation and enterprises are connected, and the “Silk Road” of enterprises is getting smoother
In order to continue to support the development of small, medium and micro enterprises in the manufacturing industry, on October 29, the State Administration of Taxation and the Ministry of Finance jointly issued the “Announcement on Matters Related to Delaying the Payment of Partial Taxes and Fees by Small, Medium and Micro Enterprises in the Manufacturing Industry for the Fourth Quarter of 2021”, which provides To ensure that policy discounts are delivered quickly and directly, the Chun’an County Taxation Bureau analyzes and screens relevant data of enterprises, uses the taxation communication platform to implement point-to-point accurate push to enterprises that meet the requirements, and at the same time uses the “three service” team composed of young cadres to “telephone The service model of “inquiry, online tutoring, and door-to-door service” will be promoted with emphasis.
“I didn’t expect that in addition to the export tax rebate, we can also enjoy the deferred payment of value-added tax of 65,000 yuan this year. The policy came in time, and we enjoyed it in time. It is really another piece of good news for us.”
The timely delivery of tax preferential policies makes enterprises feel attentive. In order to further optimize the tax business environment, the tax department also actively strengthens daily contact with enterprises, from invoice application and report filling to situation analysis and financial guidance. Connected to the heart, the daily operation of the enterprise will be worry-free, and the development will become smoother and smoother.
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