Manufacturing is the foundation of the country, the foundation of the country, is an important part of the real economy. The Central Economic Work Conference pointed out that “the implementation of structural tax and fee reduction policies, focusing on supporting scientific and technological innovation and the development of the manufacturing industry.” In order to make taxpayers, tax cadres and the public more fully familiar with the policy and more efficient and accurate application of the policy, the Ministry of Finance and the State Administration of Taxation have prepared the Guidelines on Preferential Policies for Major Taxes and Fees in Support of the Development of the Manufacturing Industry in China. The guidelines include a total of 31 special and inclusive, regional policies, and each policy details the enjoyment of the subject, enjoyment content, enjoyment time, enjoyment conditions, declaration time, processing materials, enjoyment methods, policy basis, policy cases and other 9 aspects of content.

Guidelines on Preferential Policies for Major Taxes and Fees in Support of the development of Manufacturing Industry

I. FC-IOCHAS-0002R Special tax preferential policies to support the development of manufacturing industry

1. Taxpayers producing and selling wholesale and retail drip irrigation belt and drip irrigation pipe products are exempt from VAT policy

2. Taxpayers producing and selling wholesale and retail organic fertilizer products are exempt from VAT policy

(3) Ethanol gasoline produced from taxed gasoline purchased or recovered by commissioned processing is exempt from consumption tax policy

4. Consumption tax exemption policy for pure biodiesel produced from waste animal and vegetable oils

5. For the production of ethylene, aromatics products naphtha, fuel oil refund (exemption) consumption tax policy

6. Software products VAT overtax is levied and refunded policy

7. Industrial oils such as lubricating oil base oil, gasoline and diesel oil produced from recycled waste mineral oil are exempt from consumption tax policy

8. Exempted from consumption tax for qualified batteries and coatings

9. Sales of self-produced new wall materials VAT is levied and refunded policy

10. The income obtained from the comprehensive utilization of resources to produce products shall be deducted from the income policy when calculating the taxable income amount

11. Value-added tax on products and services of comprehensive utilization of resources is levied and refunded

12. Domestic anti-HIV drugs are exempt from value-added tax

13. Enterprises that produce and assemble special supplies for disabled persons are exempt from enterprise income tax policy

Second, inclusive, regional policies to support the development of manufacturing preferential tax policies

14. FC-IOCHAS-0002R New and high-tech enterprises shall be taxed at a reduced tax rate of 15%

15. Accelerated depreciation or amortization policies for fixed assets or acquired software

16. Accelerated depreciation policy for qualified instruments and equipment in the manufacturing industry

17. The policy of “six taxes and two fees” shall be halved for small-scale VAT taxpayers, small low-profit enterprises and individual industrial and commercial households

18. VAT refund policy

19. Pre-tax deduction policy for R&D expenses

20. Preferential income tax policies for small and micro enterprises

21. Eligible employers reduce employment security funds for the disabled

22. Gradually reduce unemployment insurance and work-related injury insurance premium policies

23. VAT exemption policy for small-scale taxpayers

24. The Special Economic Zones and the newly established high-tech enterprises in the Pudong New Area of Shanghai shall periodically exempt and exempt the enterprise income tax on their income in the zones

25. Enterprises in the encouraged industries located in the western regions shall be subject to the corporate income tax at a reduced rate of 15%

26. Enterprises in encouraged industries registered in Hainan Free Trade Port and substantively operating shall be subject to enterprise income tax at a reduced rate of 15%

27. Key industrial enterprises in Lingang New Zone of China (Shanghai) Pilot Free Trade Zone shall be taxed at a reduced tax rate of 15%

28. Preferential policies for enterprise income tax in difficult areas of Xinjiang

29. Preferential enterprise income tax policies for Kashgar and Khorgos special Economic Development Zones in Xinjiang

30. Guangzhou Nansha Enterprise income tax preferential policy

31. Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone Shenzhen Park enterprise income tax preferential policy