porno Chinese Law | China: Seed production enterprises enjoy the same tax bite policy as farmers
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 China Lehmanlaw - Chinese Law Firm

Seed production enterprises enjoy the same tax bite policy as farmers

21.11.10 18:19 Age: 8 yrs
Seed production enterprises enjoy the same tax bite policy as farmers

New tax policy was recently promulgated by the State Administration of Taxation. It includes the relevant issues of value-added taxes of seed production enterprises for selling seeds. Seed production enterprises producing and selling seeds in the following manufacturing modes are classified as agricultural producers selling self-produced agricultural products, where relevant value added taxes shall be exempted according to the Provisional Regulations of the People’s Republic of China on Value Added Tax: 1. Seed production enterprises which use their own land or leased land, employ farmers or hire labourers to breed, stove, thresh and sieve the seeds for sales. 2. Seed production enterprises which provide parent seeds, entrust farmers to perform the breeding, and stove, thresh and sieve the seeds for sales after taking back the seeds from the farmers. This circular shall be implemented from 1st December 2010.

This policy makes the seed production enterprises enjoy the same preferential tax policy as peasants who produce farm produce do. The purpose of this tax bite is to encourage enterprises invest in the area of agriculture.

 

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