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Cotton and other commodity-related part of the national tax policy explicitly reserves

Published on:2013/12/18 11:15:20

Keyword:Printing
Introduction:Outgoing messages from the Ministry of Finance, national commodity reserves to support business development, with the approval of the State Council, t...

Outgoing messages from the Ministry of Finance, national commodity reserves to support business development, with the approval of the State Council, the Ministry of Finance will be the central part of the commodity reserve policy with local businesses (hereinafter referred to as commodity reserve service) related to tax policy to be clear. Details are as follows:

First, the commodity reserve fund management companies and their books are exempt from stamp duty Depot; their commitment commodity reserve established book of business experience in the purchase and sale contracts are exempt from stamp duty, the other parties to the contract shall be subject to stamp duty levied.

Second, the management company for the commodity reserves Depot bear its own use of the real estate business of commodity reserves, land, exempt from property tax, urban land use tax.

Third, the notice referred to in commodity reserves and Depot Management Company, is the acceptance of the central, provincial, municipal and county levels commissioned by government departments, bear grain (including soybeans), edible oil, cotton, sugar, meat, salt ( limited to the Central Reserve) 6 kinds of commodity reserve duty, reserve funds or access to financial subsidies for commodity reserves enterprises.

Our China Food Logistics Group and its affiliated enterprises, COFCO Limited belongs to accept our repository Grain Reserves Corporation, its subsidiaries Depot commissioned bear food (soy), edible oil product reserves businesses, according to the The first notice, Article II tax benefits.