Shaanxi Cotton Spinning "High Levy And Low Deduction" Has Been Solved.

With the announcement of the Shaanxi provincial Internal Revenue Bureau and the provincial finance department on the approved method of deducting the value-added tax of agricultural products in the cotton textile industry, the problem of "high and low deductions" has been solved in the cotton textile industry of our province for a long time.

The so-called "high levy low deduction" refers to the cotton textile enterprises (general taxpayers) in the procurement of cotton when the implementation of the input tax rate is 13%, the yarn product sales tax rate is 17%, which means that even if cotton textile enterprises do not realize the value added, the cotton purchased will be sold at the original price, the same tax burden will be paid, and the value-added tax will be generated. High key and low deduction The situation.

The notice issued by the State Administration of Taxation and the Provincial Department of Finance pointed out that taxpayers in the production and sale of pure cotton yarns and combed pure cotton yarns in lint cotton production shall be uniformly standardized in the whole province: combed pure cotton yarn (per ton) is calculated on the basis of 1.4724 tons of lint per unit consumption; and the combed pure cotton yarn (per ton) is calculated according to the amount of 1.1825 tons of lint consumption. In order to produce and sell pure cotton yarn and combed pure cotton yarn from seed cotton, taxpayers should apply for deducting the standard and go through it. tax authority Execute after verification.

Taxpayer cotton In order to produce woven fabrics for raw materials, it is necessary to accurately calculate the quantity of self produced intermediate products (combed pure cotton yarn, combed blended yarn, combed blended yarn, combed pure cotton yarn) consumed by the final product (fabric) in the month, and calculate the VAT input tax of current allowable deductions based on the quantity of self produced intermediate products consumed.

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The General Administration of Customs announced on December 8th 1~11's import and export situation of China's foreign trade. According to customs statistics, in the first 11 months of this year, the total value of China's imports and exports was 23 trillion and 950 billion yuan, up 2.2% from the same period last year. Among them, exports were 13 trillion yuan, an increase of 4.4%; imports of 10 trillion and 950 billion yuan, a decrease of 0.4%; trade surplus of 2 trillion and 50 billion yuan, an expansion of 40.4%.

In export commodities, clothing exports 1 trillion and 50 billion yuan, an increase of 4.9%; textiles 628 billion 900 million yuan, an increase of 4.1%; footwear 314 billion yuan, an increase of 11.3%; luggage and bags 151 billion yuan, down 2.9%; toys 80 billion 360 million yuan, growth 12.7%; clothing and other 7 large categories of labor-intensive products total exports of 12.7% yuan, an increase of 12.7%, accounting for the total value of exports.

Customs statistics show that in November, China's import and export value was 2 trillion and 270 billion yuan, down 0.3%. Among them, exports were 1 trillion and 300 billion yuan, an increase of 4.9%; imports of 970 billion yuan, a decrease of 6.5%; trade surplus of 334 billion 800 million yuan, 60.5% expansion.

In dollar terms, the total value of imports and exports in the first 11 months was US $3 trillion and 900 billion, an increase of 3.4%. Among them, exports amounted to 2 trillion and 120 billion US dollars, an increase of 5.7%; imports of US $1 trillion and 780 billion, an increase of 0.8%; trade surplus of US $332 billion 500 million, and expansion of 42.2%.

In November, China's import and export value was 368 billion 850 million US dollars, down 0.5%. Among them, exports amounted to 211 billion 660 million US dollars, an increase of 4.7%; imports of US $157 billion 190 million, a decrease of 6.7%; a trade surplus of US $54 billion 470 million and an expansion of 61.4%.

The growth rate of import and export of private enterprises is higher than that of other types of enterprises. In the first 11 months, foreign-invested enterprises increased by 2% yuan, accounting for 46% of China's total foreign trade value. 11 trillion and 30 billion yuan. Among them, exports amounted to 5 trillion and 970 billion yuan, an increase of 1.3%, accounting for 45.9% of the total value of exports, and imports of 5 trillion and 60 billion yuan, an increase of 2.7%, accounting for 46.2% of the total value of imports.

Over the same period, the import and export of private enterprises reached 8 trillion and 270 billion yuan, an increase of 6.2%, and the growth rate was higher than that of other types of enterprises, accounting for 34.5% of China's total foreign trade. Among them, exports amounted to 5 trillion and 590 billion yuan, an increase of 8.9%, accounting for 43% of the total value of exports, and imports of 2 trillion and 680 billion yuan, an increase of 1.1%, accounting for 24.5% of the total value of imports.