Fresh Meat and egg circulation link exempt from value-added tax consumers will benefit

According to the voice of China's "national news broadcast" report, the Ministry of Finance, the State administration of Taxation issued a joint notice, starting today, exempt part of the fresh meat and egg products circulation link value-added tax. The Fresh meat products exempted from VAT are the meat, frozen or frozen meats, viscera and other tissues of pigs, cows, sheep, chickens, ducks, geese, and their whole or separate pieces.　　The fresh egg product that is exempt from VAT is the eggs, egg, goose egg, including eggs, frozen eggs and egg, egg yolk and eggshell separated by Shell.　　Zhuo Chuang Information Agricultural analyst Gong Academician said that the enterprise costs will be significant savings: Gong Academician: The main benefit of large food enterprises and slaughtering enterprises, he exempted part of the value-added tax, this part of the tax is zero, mainly cost reduction.　　The above products which enjoy tax preference do not include the national precious and endangered wild animals and their fresh meat and egg products stipulated in the Wildlife Protection Act of the People's Republic of China.　　Feng Yonghui, chief advisor to China's hog-warning network, said the policy would increase profit margins for large food factories and consumers would benefit from it. Feng Yonghui: Especially for consumers is a good thing, because the cost of his circulation, the middle of the tax relief, the past need to slaughter enterprises or intermediate links need to spend less cost, it can help consumers.