Multiple dairy executives told 21st Century Business Herald that Chinese tax execution standards for agricultural product processing are being updated. The changes affect the scope of corporate income tax preferential treatment for primary agricultural processors. In 1H, Yili, Mengniu and New Dairy paid additional taxes after some products were reclassified as deep-processed, which could increase their taxable bases.

2026-08-31

Multiple dairy executives told 21st Century Business Herald that Chinese tax execution standards for agricultural product processing are being updated. The changes affect the scope of corporate income tax preferential treatment for primary agricultural processors. In 1H, Yili, Mengniu and New Dairy paid additional taxes after some products were reclassified as deep-processed, which could increase their taxable bases.