Nantong Implements Tax Reduction And Tax Rebate Policy And Optimizes The Development Environment Of Private Enterprises

The staff of the tax department understand the production situation of the enterprise and deliver the tax reduction policy to the door. Map provided by Nantong Taxation Bureau

Private economy plays an irreplaceable role in Jiangsu's economic and social development. In recent years, Nantong tax authorities have made it their duty to support the development of private enterprises. They have timely sent "real gold and silver" for tax rebates and tax reductions to private enterprises. They have done their best to solve the urgent needs and worries of enterprises, so that more "Zhangjian style" private entrepreneurs can be more confident in business, production and entrepreneurship.

The Dasheng mill, which was set up in Nantong, Jiangsu Province, is the pioneer and model of Chinese private entrepreneurs. Zhang Jian took the first step in the practice of saving the country through industry. Now, Dasheng mill is on a new way of transformation and upgrading. At present, the company has the first full process domestic equipment production line in the domestic textile industry, and is building a smart factory based on 5g and Internet of things technology.

"Cash flow is the lifeline for companies." Qi Yingbin, Secretary of the Party committee and chairman of Jiangsu Dasheng Group Co., Ltd., said, "some time ago, affected by the epidemic, our sales orders decreased, especially in April, the logistics transportation was blocked, the output decreased, and the tax rebate of 7.23 million yuan was not a small support for us. The capital chain was more sufficient and stable, and the pace of intelligent manufacturing could also be greater."

Today, on the construction site next to the digital spinning workshop, the intelligent spinning factory has been built and officially put into operation. It is also the first factory in China's textile industry to use 5g data transmission technology and intelligent management cloud platform.

"Mr. Zhang Jian not only cherishes the feelings of his family and country, but also is a kind and meaningful industrialist. It is our common behavior consciousness to carry forward the spirit of sages, to be an excellent and strong enterprise, and to undertake more social responsibilities." Kaisheng Home Textile Co., Ltd. legal representative Gu Ping said.

As a leading enterprise in the home textile industry, Kaisheng home textile takes root in the soil of labor-intensive enterprises, absorbing nearly 10000 people's employment. For a long time, the pressure of cash flow and labor cost is the worry and trouble of enterprise development. It's good to organize tax authorities and help them pay dividends in a timely manner

Shen Weijuan, the financial officer of Kaisheng Home Textile Co., Ltd., has provided a number of data. Since this year, the company has successfully handled a tax rebate of more than 1.7 million yuan, and has enjoyed a tax deduction of more than 5 million yuan by the end of July. "We will continue to earnestly fulfill the social responsibility of enterprises and help promote rural revitalization." Gu Ping said.

On the north side of the estuary of the Yangtze River, an old Qidong man is making his modest contribution to the revitalization and development of his hometown's economy. He is Qian Zhichong, the person in charge of Jiangsu Hengli Pipe Industry Co., Ltd.

In 2021, Qian Zhichong invested nearly 20 million yuan in Haigong Park of Yinyang town to purchase and build plant and equipment, and employed technicians and skilled operators from Chongming and other places in Shanghai with favorable treatment. After the Spring Festival in 2022, the company received a large order of 150 million yuan from Shanghai Jiangnan Shipyard. At the time of preparing for a large-scale operation, the epidemic situation in early March was gradually severe. The technicians, employees and supervisors of the company in Shanghai were unable to go to the factory, and the large orders could not be fulfilled. The pressure on the working capital of the enterprise increased.

When Qian Zhichong was at a loss, the tax department immediately sent the "real gold and silver" to the enterprise's "money bag". Looking at the figure of 1.0363 million yuan tax rebate on the computer screen, Qian Zhichong said: "thanks for the support of good policies for our private enterprises, our company can" go against the current "

In Nantong, there are many private entrepreneurs like Qian Zhichong. Since this year, in the face of the impact of the epidemic and the downward pressure of the economy, the state has implemented an unprecedented combination of tax and fee support policies. The tax department of Nantong has continuously deepened the implementation of the policy, helping enterprises to solve difficulties, and boosting the confidence of more private entrepreneurs like Qian Zhichong who have returned to their hometown to help develop.

(source: Nantong Taxation Bureau)