Value-added tax: According to Item 1, Paragraph 1, Article 15 of the Provisional Regulations on Value-added Tax, self-produced agricultural products sold by agricultural producers are exempt from value-added tax. Agricultural products refer to the primary products of various animals and plants produced by planting, aquaculture, forestry, animal husbandry and aquaculture. Among them, aquatic products include all kinds of primary products cultivated artificially and grown naturally. The specific scope of taxation is: aquatic products refer to fish, shrimp, crabs, turtles, shellfish, echinoderms, mollusks, coelenterates and marine mammals that are artificially stocked and caught. The tax scope of the goods includes fish, shrimp, crab, soft-shelled turtle, shellfish, echinoderms, mollusks, coelenterates, marine mammals, fry (eggs), shrimp fry, crab fry, shellfish fry (fry), and aquatic products that have been frozen, refrigerated, salted and packaged. Dried fish, dried shrimps, dried crabs, shellfish, echinoderms, mollusks, coelenterates, and shells and pearls that have not been processed into handicrafts also belong to the tax scope of the goods. Cooked aquatic products and canned aquatic products do not belong to the tax scope of the goods.
Enterprise income tax: According to the first paragraph of Article 27 of the Enterprise Income Tax Law, the income of enterprises engaged in agriculture, forestry, animal husbandry and fishery projects can be exempted or reduced. Article 86 of the "Regulations for the Implementation of the Enterprise Income Tax Law" further clarifies that the income of enterprises engaged in marine aquaculture and inland aquaculture projects shall be halved.