Xinjiang'S Fiscal And Taxation Policies Promote The Development Of Textile Industry

Recently,

The main contents of the notice include: since 2011, the textile enterprises in the autonomous region have implemented technical pformation, technological innovation and development of downstream products, and have been supported by loans from financial institutions.

The Finance Department of the autonomous region and the Commission of letters and commissions set up funds of not less than 20 million yuan a year from the special funds for the development of small and medium-sized enterprises, giving support to newly established textile enterprises in the autonomous region.

On the basis of national cotton and cotton yarn pport subsidies, since 2011, the autonomous region's cotton textile enterprises have produced more than 32 yarn (including 32 branches) sold in Xinjiang cotton raw material and sold to the mainland. The Finance Department of the autonomous region gives a certain amount of annual pportation cost support.

For textile enterprises newly built within the scope of the key encouraged development catalogue in the difficult areas of the autonomous region, the policy of "two exemption, three reduction and half" of the enterprise income tax can be enjoyed.