1. Primary agricultural products produced by units and individuals engaged in planting, aquaculture, forestry, animal husbandry and aquaculture are exempt from value-added tax.
2. Agricultural products are the primary agricultural products listed in Notes on the Scope of Taxation of Agricultural Products (Caishuizi [1995] No.52).
1. Paragraph 1 of Article 15 of the Provisional Regulations on Value-added Tax in People's Republic of China (PRC).
2. Paragraph 1 of Article 35 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-added Tax.
3. Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance on Printing and Distributing Notes on the Taxation Scope of Agricultural Products (Caishuizi [1995] No.52).
Income tax: income from hidden activities or projects involving agriculture, forestry, animal husbandry and fishery may be exempted or reduced: (1) income from enterprises engaged in the following projects shall be exempted from enterprise income tax:
1. Planting of vegetables, grains, potatoes, oilseeds, beans, cotton, hemp, sugar, fruits and nuts;
2. Cultivate new crop varieties;
3. Chinese herbal medicine planting;
4. Cultivation and planting of trees;
5. Raising livestock and poultry;
6. Collecting forest products;
7. Agricultural, forestry, animal husbandry and fishery services such as irrigation, primary processing of agricultural products, veterinary medicine, agricultural technology popularization, and operation and maintenance of agricultural machinery are chaotic;
8. Marine fishing. (two) the income of enterprises engaged in the following projects shall be subject to enterprise income tax by half: