With the development of social economy and the adjustment of the structure of agricultural industry, more and more cooperatives have begun to engage in vegetable planting and marketing activities. In order to encourage agricultural production and increase peasant incomes, the state has given certain preferential tax policies to cooperatives. So, can cooperatives be exempted from corporate income tax for the sale of vegetables?
According to the relevant national policies, agricultural cooperatives should judge whether the projects they are engaged in belong to agriculture, forestry, animal husbandry and fishery to determine whether they are exempt from tax or reduced
Circumstance.
1. Items exempted from enterprise income tax:1. Planting of vegetables, grains, potatoes, oilseeds, beans, cotton, hemp, sugar, fruits and nuts;2. Breeding of new crop varieties;3. Cultivation of Chinese herbal medicines;4. Cultivation and planting of forest trees;5. Raising livestock and poultry;6. Collection of forest products;7. Agricultural, forestry, animal husbandry and fishery service projects such as irrigation, primary processing of agricultural products, veterinary, agricultural technology promotion, agricultural machinery operation and maintenance;8. Deep-sea fishing.
Circumstance.
2. Items that will be halved to levy enterprise income tax:1. Cultivation of flowers, tea and other beverage crops and spice crops;2. Marine aquaculture, inland aquaculture.
Policy basis: "Enterprise Income Tax Law" and its implementation regulations, "Announcement of the State Administration of Taxation on the Implementation of Enterprise Income Tax Incentives for Agriculture, Forestry, Animal Husbandry and Fishery Projects" (No. 48 [2011]).
Judging from the scope of the above policy, vegetables are exempt from corporate income tax, so the sales of cooperative-grown vegetables can be exempted from corporate income tax.