Shantou Chaoyang: Tax benefits and dividends can be enjoyed directly to help upgrade the textile and clothing industry
In recent years, the textile and garment industry in Chaoyang District has developed rapidly, forming a pattern of development centered on Gurao Town, “the famous town of knitted underwear in China”, and gradually radiating to Heping, Tongmen, Guiyu and other surrounding towns. The industrial chain is becoming increasingly perfect. As of now, there are 265 textile and garment enterprises above designated size in Chaoyang District, and their annual output of various types of textile and garments ranks among the top in the country. In order to serve the overall situation of Shantou’s “industrial establishment and industrial strengthening” and better support the development of the textile and garment industry, the Chaoyang District Taxation Department has implemented the tax reduction and fee reduction policy to the letter, and has taken multiple measures to promote “non-contact” services to ensure that tax Benefit dividends go directly to market entities.
“Thanks to the tax department for their careful guidance, helping companies use the super deduction policy for R&D expenses, which has reduced our income tax burden by more than 4 million yuan!” said Wu Chaozao, head of Guangdong Rongchang Textile Industrial Co., Ltd.
It is understood that Guangdong Rongchang Textile Industrial Co., Ltd. is located in Heping Town, Chaoyang District. It is a textile high-tech enterprise integrating weaving production and sales. The fabrics it produces are sold in the textile and clothing market in Zhejiang and the Pearl River Delta region of the province. Has a high reputation. In addition, it is also the designated supply partner for international brands such as Nike, Puma, and Converse. From January to October 2021, the operating income was 660.2951 million yuan, the import amount was 365.4608 million yuan, and the export amount was 185.3741 million yuan. . Wu Chaozao said, “The labor costs in the textile and garment industry are relatively high, and it is imperative to promote transformation. To this end, the company has invested 150 million yuan in recent years to introduce advanced foreign equipment to effectively improve production efficiency and productQualityat the same time, it also brings corresponding financial pressure to enterprises.”
After learning about the actual situation of the company, the Chaoyang District Taxation Bureau established a “Tax Assistance Group” to provide one-on-one precise guidance and use WeChat groups to answer questions and other methods to help companies enjoy preferential tax policies well and quickly. . Chaoyang tax staff introduced: “Through counseling, Guangdong Rongchang Textile Industrial Co., Ltd. declared in October this year to enjoy a super deduction of nearly 17 million yuan for research and development expenses in the first three quarters. In addition, it enjoys preferential policies for high-tech enterprises, which reduces the income tax burden of the enterprise by 460 million yuan. More than 10,000 yuan.”
Shantou Fulong Garment Co., Ltd., located in Gurao Town, Chaoyang District, is also a textile and clothing enterprise. The company integrates clothing design, production and sales. Its products have unique jacquard, floating thread, tuck, fake rib and other effects. Its products are sold well in many provinces and regions across the country such as Fujian, Zhejiang and Shanghai, and are exported to the United States, Australia and other countries. The company’s sales revenue in 2020 was 48.09 million yuan, and sales revenue from January to October 2021 was 34.28 million yuan. With the guidance of the tax department, Fulong Company directly reduced corporate income tax by 320,000 yuan by enjoying the preferential income tax policy for small and micro enterprises. This tax reduction accounted for 19.58% of the company’s operating profit in the first three quarters of 2021.
Chen Chuangjie, head of corporate finance, said: “The company has benefited a lot from tax incentives, which have effectively reduced the company’s operating costs, eased the pressure on capital turnover, and indirectly expanded the company’s profit margins. In an environment where corporate operating costs are increasing day by day, It really adds a new impetus to the company’s business development!”
Next, the Chaoyang District Taxation Bureau will continue to vigorously optimize tax services, give full play to its tax functions, effectively provide policies, solve problems, and do practical things for enterprises, ensure that tax reduction dividends can be enjoyed directly and quickly, and promote the upgrading of Chaoyang’s textile and garment industry , adding tax revenue impetus to the sustained and healthy economic development of the jurisdiction.
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