Is the invoice tax rate of grain and oil 0?

Is the invoice tax rate of grain and oil 0?

Article 1 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Issues Related to Issuing Grain Sales Invoices by State-owned Grain Purchase and Sale Enterprises (Guo Shui Ming Dian 199 10) stipulates that state-owned grain purchase and sale enterprises enjoying tax exemption can continue to use special VAT invoices.

Article 2 stipulates that from 1 August 19991day, all state-owned grain buying and selling enterprises will temporarily issue special invoices for value-added tax.

The Ministry of Finance's Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Collection and Exemption of Value-added Tax for Grain Enterprises (Caishuizi [1999]No. 198) stipulates in Article 1 that state-owned grain buying and selling enterprises must sell grain at a price, and the grain sold by state-owned grain buying and selling enterprises that undertake the task of grain storage is exempt from value-added tax.

Article 2 stipulates that value-added tax shall be levied on all grain enterprises except the following items.

(1) Commissary: refers to the food supplied to the China People's Liberation Army and the Chinese People's Armed Police Force at the commissary supply price on the strength of commissary vouchers and commissary supply certificates.

(2) Disaster relief food: refers to the food approved by the people's government at or above the county level and supplied to the victims in need at the prescribed sales price with disaster relief food stamps (certificates).

(3) Rations for reservoir migrants: refers to the grain that is approved by the people's governments at or above the county level and supplied to reservoir migrants at the sales price stipulated by laws and regulations.

Article 3 stipulates that the sale of edible vegetable oil is exempt from value-added tax, except for the sale of edible vegetable oil reserved by the government.

Article 4 stipulates that the grain and oil processing business shall collect value-added tax according to regulations.

According to the above provisions, state-owned grain purchase and sale enterprises, usually ordinary taxpayers, should issue special VAT invoices at the applicable tax rate of 9%. For other grain enterprises that meet the tax exemption conditions, the tax rate is "tax-free", the general taxpayer tax rate is 9%, the small-scale taxpayer tax rate is 3%, and the current preferential tax rate is 1%.

Preferential policies for enterprise income tax on agricultural products sales

The income of enterprises engaged in the following projects shall be exempted from enterprise income tax.

1. Planting of vegetables, grains, potatoes, oilseeds, beans, cotton, hemp, sugar, fruits and nuts; 2. Cultivate new crop varieties; 3. Chinese herbal medicine planting; 4. Cultivation and planting of trees; 5. Raising livestock and poultry; 6. Collecting forest products; 7. Agricultural, forestry, animal husbandry and fishery services such as irrigation, primary processing of agricultural products, veterinary medicine, agricultural technology popularization and operation and maintenance of agricultural machinery; 8. Marine fishing.

Policy basis: Regulations on the Implementation of Enterprise Income Tax Law of People's Republic of China (PRC) (Order No.512 of the State Council of the People's Republic of China).

Is the grain and oil invoice at 0 tax rate?