Xinjiang Bozhou: Taxation helps double the vitality of the textile and clothing industry

The textile and garment industry is one of the leading industries in Bozhou, Xinjiang, and plays an important role in stabilizing employment and promoting development. The State Administration of Taxation and the Xinjiang Bortala Mongolian Autonomous Prefecture Taxation Bureau give full play to their tax functions, support the development of textile enterprises with tangible preferential tax policies and warm and considerate tax service measures, and help double the vitality of the textile and garment industry. Data show that from January to September this year, Bozhou’s textile and garment industry achieved an industrial output value of 1.322 billion yuan and an industrial added value of 338 million yuan. The entire industry showed a steady and rising trend.

Policies stacked with tax cuts and fee reductions to increase momentum

Walking into the production workshop of Xinjiang Jinxinyu Textile Co., Ltd., the spindles are rotating, the yarn is dancing, and the large-scale automated spinning equipment is roaring, creating a busy scene. As an industrial assistance project to Xinjiang implemented by Hubei Xiaomian Industrial Group Co., Ltd. in the Bozhou Golden Triangle Industrial Park, the company covers an area of 600 acres, has a cumulative investment of 800 million yuan, and currently has three modern spinning mills.

“Xinjiang cotton has good color, high toughness and long lint. We use Xinjiang high-quality cotton as raw material and purchase nearly 30,000 tons of local lint every year. Through the introduction of Intelligent advanced textile equipment operation, with an annual output of 300,000 spindles of worsted cotton yarn, and the products are sold all over the country.” Corporate Finance Manager Zhang Zhengguang said that getting rid of the traditionallabor-intensive production method is the development trend of the textile industry and also ensures the quality of textile products A prerequisite for both quality and output.

“To be honest, the large initial investment in textile equipment has brought us a lot of pressure. Fortunately, with the intensive support of the national tax policy, we can breathe a sigh of relief.” Zhang Zhengguang opened this year’s business “Tax reduction account”, a total of 22.9803 million yuan of income tax reductions and exemptions for new enterprises in difficult areas of Xinjiang, and a total tax reduction of 650,900 yuan for R&D expenses…”It must be said that the favorable tax policies have become increasingly strong. The intensity of taxation has given our company full confidence in striving for greater development.” Zhang Zhengguang said with emotion.

With the support and support of national tax policies, Xinjiang Jinxinyu Textile Co., Ltd. has used hard power to develop a beautiful “combination punch” of development. In the first three quarters of this year, the company has maintained a momentum of booming production and sales, completing an output value of 3.68 100 million yuan, orders have been received in 2022, and in November this year, it was rated as “NationalTextile IndustryAdvanced Collective”.

Tax rebates speed up market development and provide confidence

As an enterprise engaged in the weaving, debleaching and sales of medical textiles, in recent years, Alashankou Zhende Medical Textile Co., Ltd. has seized the opportunity to “One Belt and One Road” strategic opportunity “Dongfeng”, upgrades the medical textile production line according to market demand, based on the comprehensive bonded zone and port location advantages, after five years of development, has gradually established a firm foothold in the market along the “One Belt and One Road” .

“In the process of market development along the ‘Belt and Road’, the company’s export business volume continues to increase. Affected by factors such as rising raw material prices and freight charges, insufficient funds have become a problem for us. The biggest worry.” Talking about the development of the company, the financial director Chai Zongfeng said deeply, “It is the tax department’s fast and thoughtful export tax rebate service that has effectively alleviated the problem. The difficulty of corporate capital turnover has given us no worries.”

In order to help enterprises revitalize funds, the tax department has comprehensively improved the speed of tax refund processing, promoted non-contact and paperless processing of export tax refunds, provided dedicated answers, dedicated post consultations, and dedicated area counseling, continued to optimize internal circulation processes, and actively strengthened the tax treasury. The joint efforts have compressed the time for all aspects of tax refund to the shortest time. This year, they have processed tax refunds of 1.1315 million yuan for Alashankou Zhende Medical Textile Co., Ltd.

“For textile companies, cash flow is the lifeblood of development. Getting tax refunds quickly means that you can reduce your own costs in resource allocation and accelerate the return of funds. The timely arrival of tax refunds injects funds into the company ‘Living water’ adds confidence for enterprises to stabilize production capacity and expand markets,” Chai Zongfeng said.

Service and efficiency improvement enterprises are confident in their development

In recent years, Jinghe County has vigorously promoted the textile industry by relying on Jinghe Industrial Park, which is listed as the “Three Cities, Seven Parks and One Center” of the autonomous region’s textile and garment industry, and the location advantage of connecting the two ports of Alashankou and Horgos.Transformation and Upgrading, and strive to build a quadrillion-level modern textile industry cluster. Xinjiang Zehui Textile Co., Ltd., settled in the park, is a key local textile enterprise and leading enterprise. In 2013, it was approved as a “Key Leading Enterprise in the Autonomous Region’s Agricultural Industrialization”. The company’s annual output can reach 3,700 tons.

“The development and growth of the company is closely related to the full help of taxation and other government departments.” Yan Liping, deputy manager of the company, said, “The taxation department provides us with ‘one enterprise, one policy’ tax services, and comprehensively answers the questions based on the actual needs of the enterprise.” Taxes encountered in production and operations�Policy issues allow us to enjoy tax exemptions of up to 270,000 yuan in a timely and accurate manner. ”

In order to help the steady development of the textile industry, the Jinghe County Taxation Bureau organized an expert coaching team to tailor a “one enterprise, one policy” tax plan based on the needs of enterprises and difficult tax issues, based on actual conditions, and further integrate the enterprises’ business processing, Information on policy application, tax credit, tax-related risks, service demands, etc., and “high-precision and professional” personalized tax-related service measures to accurately help enterprises solve problems, prevent risks, and achieve high-quality development.

“With the favorable tax policies and high-quality and efficient tax services, we will actively strive for greater development and make new contributions to the economic development of Jinghe County and achieve greater success.” When talking about the company’s future development, Yan Liping is confident Full.

“In the next step, the tax department will combine the ‘Spring Breeze Action for Tax Convenience’, focus on cultivating the industrial chain, comprehensively optimize tax service measures, fully release the dividends of tax policies, promote industrial transformation and upgrading, and continue to help Bozhou’s textile and garment industry achieve high-end Quality development.” said Zhu Shuying, Secretary of the Party Committee and Director of the Bozhou Taxation Bureau.

AAA

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