Tailored Tax Guidance for Corporate Benefits

Deep News05-20

To continuously improve the tax business environment and accurately implement preferential tax and fee policies, the Bin County Tax Bureau recently organized officials to visit a key local enterprise, Bin County Yu Wang Plant Protein Co., Ltd., to provide policy guidance. As a leading company in the Northeast's non-GMO soybean processing industry and a pillar enterprise in Bin County's soybean and grain processing sector, Bin County Yu Wang Plant Protein Co., Ltd. has been rated as a Tax Credit Class A enterprise for three consecutive years. During the visit, tax officials engaged in detailed discussions with the company's financial personnel to understand its current operations and development plans in soybean processing and product research and development. They focused on interpreting policies related to key areas such as soybean procurement, production and processing, product sales, invoice issuance, and input tax deductions, ensuring precise alignment between the company's costs, sales, and the preferential tax and fee policies it is eligible for. Additionally, they addressed the company's tax-related inquiries on the spot. The company's financial head expressed that the tax officials provided a "tailor-made" guidance plan, guiding the enterprise to operate and develop on a compliant path, making the company genuinely feel the warm service of the tax authorities. This precise guidance effectively bridged the "last mile" in policy implementation, further boosting the company's confidence in its development.

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