Xinjiang Textile Industry Will Accommodate 420 Thousand People In 2018, And The Value Added Tax Will Reach 130 Million In The First Half Of This Year.

In July 29th, from

The IRS was informed that in the first half of 2015, Xinjiang

To achieve VAT 130 million yuan, an increase of 54 million 500 thousand yuan, an increase of 72.7% over the same period last year.

Be supported by many taxes and taxes

The investment scale of textile and garment industry in Xinjiang has been expanding and showing a rapid development trend.

The IRS also exempted the textile and garment enterprises in Xinjiang from the 5 year share of the enterprise income tax. The total income tax was reduced by 221 million yuan, and the effect of lightening the burden was obvious.

In 2014, Xinjiang textile and garment industry accumulated fixed assets.

5 billion 145 million yuan, which deducted the tax amount of 840 million yuan, when the value added tax of Xinjiang textile and garment industry was only 1.09%.

In addition, the wholesale and retail trade of cotton and hemp was eliminated in 2014. The sales volume of textile and clothing wholesale and retail industry in Xinjiang reached 8 billion 602 million yuan, an increase of 5.39% over the same period last year. The tax revenue was 165 million yuan, an increase of 7.84% over the same period last year, and 101 textile and garment enterprises above Designated Size achieved 542 million yuan in operating profit.

The total number of households in the textile and garment industry increased from 7482 in 2012 to 9386, an increase of 25%.

This means that a key cluster of cotton spinning industry is gradually forming, and it will promote the industrial dividend to the downstream.

Accordingly, it is estimated that by 2018, the total capacity of the textile industry will reach 420 thousand.

Wu Jimin, director of the goods and services tax department of the autonomous region's Inland Revenue Department, said that it has implemented a series of agreements with the district tax bureau.

The textile and garment industry's fiscal and tax support policies are inseparable.

"In line with the cotton subsidy policy launched by the autonomous region, we promptly dealt with the tax related issues in Cotton Subsidy and distribution, standardized the purchase invoice of agricultural products, ensured the timely issuance of cotton subsidies in 13 billion 950 million yuan, and ensured the continuous stability of cotton planting area and output.

At the same time, we also provide timely information on the tax payment of textile and garment enterprises to the financial departments, and repay 400 million yuan with the issuance of value-added tax, so that enterprises can have sufficient funds to optimize investment, personnel training, vocational training and so on.

It is understood that in order to solve the plight of Xinjiang's distance from the mainland's consumer market and the high pportation costs, the autonomous region jointly issued a freight subsidy to the domestic cotton and cotton yarn at 500 yuan per ton and accumulated 950 million yuan of freight subsidy funds, which greatly enhanced the price competitiveness of Xinjiang cotton textile enterprises in the mainland market.