Tax Relief Policies of the Agricultural Produces Processing Industry in China

Guangzhou, China, May 20, 2015 (Newswire.com) - China is known as a large agricultural country, but its agricultural produces processing industry is still under development. According to CCM’s recent study, the ratio of agricultural produce industrial output value to agricultural output value is around 2.1 in 2012 in China, while that in the US is 3.7. However, China’s agricultural produces processing industry has indeed witnessed a rapid development in the recent three decades, attaining a CAGR of 13%, which is far more larger than the average GDP growth.

According to CCM, the Chinese Government has promulgated a lot of policies related to agricultural produces processing industry to encourage enterprises improve and optimize their production, ensure the healthy development of this industry and guarantee stable grain supply.

Tax policy is a kind of major measure applied by the government to control the tendency of the industry. China's tax relief policies to the agricultural produces processing industries (mainly included rice, sugar, tapioca and corn), are mainly about the enterprise income tax, the value-added tax, the consumption tax and the export rebate, etc.

In CCM’s recent report, Tax Relief Policies of the Agricultural Produces Processing Industry in China, most of the valid policies about tax relief on agriculture processing will be introduced from rice, sugar, tapioca and corn. The tax covers value-added tax, enterprise income tax, consumption tax, export rebate and so on. Through this report, enterprises could find a potential industry by following the government support. Besides, current tax rate of agricultural produces processing will be introduced, respectively from those four industries, which will help enterprises to figure out its tax amount in China.

For a copy of this report or want to know more information, please visit:

http://www.cnchemicals.com/Product/Report/2581-tax-relief-policies-of-the-agricultural-produces-processing-industry-in-china-edition-1.html

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