Jiangsu is a well-known textile province with various textile industry clusters with complete categories and complete industrial chains. The number of textile and garment enterprises accounts for 13.82% of the country’s total, and the total textile industry has ranked first in the country for more than 30 years. When it comes to Jiangsu textiles, you can’t go past Nantong. After years of development, Nantong has gradually formed a business including home textiles, chemical fiber, cotton textile (dyed weaving), printing and dyeing, wool textile, knitting, and clothing. It has a relatively complete textile and clothing industry system in categories such as cocoon, cocoonsilk, and the textile industry has become one of the three key pillar industries in Nantong.
Jiangsu New Sijia Home Textile High-tech Co., Ltd. is a large-scale textile enterprise with a full industrial chain integrating weaving, home textile products, and printing and dyeing. It settled in Chang’an Textile Technology Park in 2018. In April 2021, the company went into trial production and achieved sales revenue of 140 million yuan that year.
Walking into the nearly 1,000-square-meter production workshop of New Sega, more than 200 fully automatic textile machines are running at high speed, creating a busy scene. “In the three years since its establishment, the company has enjoyed a total of nearly 30 million yuan in retained tax refunds. Thanks to tax support policies and a good business environment, companies can boldly upgrade and transform with confidence.” Wu Yonghui, the person in charge of the company, said that the vigorous tax refund Support has promoted the company’s technological innovation. More than 200 fully automatic textile machines only require 4 workers for maintenance.
Since the beginning of this year, with the implementation of a series of tax support policies, the Nantong tax department has continued to optimize tax services, fully promoted the implementation of tax support policies, made full use of the tax big data support platform, and timely screened tax payers that met preferential conditions. People accurately push tax policies, fully enjoy tax reduction and exemption policies, efficiently handle tax refunds and tax deferrals, and effectively guarantee various practical measures with tax services to ensure that tax benefits are directly available and quickly enjoyed, effectively boosting the confidence of various market entities.
The new combined tax support policy increases the coverage of inclusive policies, which not only reduces the tax burden of enterprises, stimulates their development potential, but also gives enterprises more confidence to contribute to serving society. “In order to support the government’s fight against the epidemic, at the beginning of this year, we converted a new dormitory building with an investment of nearly 60 million yuan into an epidemic prevention and control room at our own expense as a centralized isolation point for the government, and actively cooperated with the government in fighting the epidemic prevention battle,” Wu Yonghui said. In April, more than 11 million yuan of retained tax credits arrived in time, bringing “live water” of funds to the company. The company used part of the funds to add air conditioners, TVs, and other daily necessities in the epidemic prevention and isolation points, and the other part was invested Produce and purchase some equipment to expand production capacity.
Affected by the epidemic, the textile industry in the Yangtze River Delta and Yangtze River Economic Belt has faced unprecedented challenges and impacts this year. The lack of smooth logistics and freight has caused Jiangsu’s textile industry chain to almost malfunction. Nantong Tongchunlong Textile Technology Co., Ltd. is one of them.
Affected by the epidemic in the first half of the year, Nantong Tongchunlong Textile Technology Co., Ltd.’s orders dropped significantly, transportation, raw material and other costs continued to rise, and profit margins were “multiple squeezes.” “To seek development in adversity, the successive introduction of preferential tax and fee policies has given enterprises a strong reliance to overcome difficulties.” Wang Haijuan, head of corporate finance, said frankly.
After learning about the company’s difficulties, the Nantong tax department immediately launched a project butler service and provided door-to-door personalized tax-related and fee-related services based on the needs of the company to help the company solve its difficulties. The thoughtful service of the tax department allowed Nantong Tongchunlong Textile Technology Co., Ltd. to enjoy more than 100,000 yuan in land use tax and property tax exemptions, and quickly received more than 8 million yuan in value-added tax refunds, helping the company to tide over the financial crisis. Difficulties. “The company is prepared to use this tax refund to improve employee benefits, retain technicaltalents to adapt to automated production, and improve productquality Provide a solid guarantee.” Wang Haijuan said.
Adhering to the development of technological textiles is the development direction of Nantong textile enterprises. With the continuous increase of preferential tax policies to drive enterprises to accelerate transformation and upgrading, the traditional textile industry is refocusing on intelligentization Full of vitality.
Nantong Zhongbang Silk Weaving Co., Ltd. is an old textile enterprise established in 1982. It is currently one of the well-known domestic manufacturers specializing in the production of high-count and high-density cotton textile fabrics. It has an annual output of more than 15 million meters of textile fabrics and its products are sold to All over the country and more than 30 countries and regions in Europe, the United States, Australia, and Southeast Asia. The repeated epidemics in China and the complex international trade environment have put considerable pressure on the normal production and operation of enterprises.
After learning about the company’s situation, the local tax department’s combined tax support policy special coaching team immediately provided “point-to-point” reminders and full-process tracking and coaching, and the 4.5 million yuan in tax refunds quickly reached the company’s account. . “The company’s development pace has gradually accelerated in the past few years, and the capital investment one after another has brought considerable pressure to the company. Fortunately, there are preferential tax policies, which makes us breathe a sigh of relief. Last year, the company enjoyed a super deduction for R&D expenses This year’s value-added tax refund is more than 2.2 million yuan, which is “real money”. It not only increases the company’s available funds, but also stabilizes the company’s production.Expanding the market adds confidence. “Qian Chao, the head of finance, said that technological innovation increases confidence. The company plans to further increase investment in research and development of textile technology, conduct research and development of new fabrics, and enhance the competitiveness of products.
The relevant person in charge of the Nantong Municipal Taxation Bureau said that in the next step, Nantong Taxation will continue to play its tax function, focus on precise policy implementation and refined services, use preferential tax policies as the “lead”, and strive to ensure that policy dividends reach market entities directly. Helping textile companies “make the icing on the cake even better”.
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