The rental income of leased land does not belong to the income of agricultural projects, and the income shall be subject to enterprise income tax. This kind of business can be exempted from VAT.

Article 4 of Caishui [2017] No.58 stipulates that taxpayers transfer contracted land to agricultural producers for agricultural production by subcontracting, leasing, exchanging, transferring and shareholding, and are exempt from value-added tax.