China Agricultural Development Bank is a central financial enterprise and the only agricultural policy bank in China directly under the State Council. Established in June 1994 1 1. The main responsibility is to raise funds based on national credit, undertake agricultural policy-oriented financial business, allocate financial support funds for agriculture on behalf of the state, and serve the development of agriculture and rural economy.
The Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China recently issued the Notice on Preferential Business Tax Policies for Agriculture-related Loans of China Agricultural Development Bank, which clearly changed from 10 in October to 20 18 1 in February.
The interest income from agricultural loans provided by the head office of China Agricultural Development Bank and its branches, including loans for agricultural and rural infrastructure construction, water conservancy construction, rural land circulation and large-scale operation, loans for farmers to build houses centrally, rural human settlements construction and agricultural shantytown renovation, is subject to business tax at a reduced rate of 3%.
brief introduction
China Agricultural Development Bank is the only agricultural policy bank directly under the leadership of the State Council in China. Established in June 1994 1 1. The main responsibility is to raise funds based on national credit, undertake agricultural policy-oriented financial business, allocate financial support funds for agriculture on behalf of the state, and serve the development of agriculture and rural economy.
Since CCB, China Agricultural Development Bank has made progress in exploration and developed in reform, and has gone through an extraordinary course. China Agricultural Development Bank, guided by Scientific Outlook on Development, conscientiously implements the spirit of the 57th executive meeting in the State Council in 2004, resolutely obeys and serves the national macro-control, fully implements the national policy of strengthening agriculture and benefiting farmers, and regards the realization of good social benefits as the most important value pursuit.
By 20 13, a business development pattern has been formed, with supporting the national grain and cotton purchasing and selling and purchasing business as the main body and supporting agricultural industrialization and agricultural and rural infrastructure construction as the two wings. The framework of modern banking has been initially established, and its operating performance has achieved a major leap forward, effectively playing the backbone and pillar role of rural finance.