Extended reading:

Agricultural professional cooperatives can apply for exemption from income tax. If the cooperative needs tax-free income, it shall submit relevant information and obtain approval from the competent tax authorities. Value-added tax on the sale of self-produced agricultural products is exempted. Verification is to determine the tax types and tax rates of enterprises, while tax exemption is to exempt the agricultural income.

Agricultural cooperatives should make balance sheets, which are generally approved by the tax bureau according to small-scale taxpayers of value-added tax. Once you have obtained the tax registration certificate, you must declare all taxes on time.