As the East China Sea fishing season opened, Yuhuan, known as the East China Sea fishing larder, is shifting from traditional catching to deep processing and marine biotech. Yuhuan's tax bureau is providing forward-looking, targeted services.
E-invoicing at the docks: With the moratorium over, catches of swimming crab and pomfret are being unloaded and invoice demand has surged. Many seafood sole traders, skilled at reading tides and fish but unfamiliar with tax procedures, were unsure how to start. The bureau went to docks, markets and processing clusters, coaching traders in local dialect with hands-on demonstrations on issuing e-invoices through the new e-tax bureau, and produced one-page visual guides covering small-business tax policy.
Compliance for offshore smart processing: Yuhuan Donghai Yucang Modern Fishery uses offshore smart processing to integrate catching, processing and cold chain. Its head, Lin Zhaoyong, said the model is efficient and preserves freshness, but with more links in the chain, acquisition vouchers, cost accounting and invoicing are more complex than in the traditional model. The bureau focused on acquisition invoicing, clear cost collection and correct application of agricultural tax policy, detailing risk points across the chain.
R&D deductions for marine biotech: At Zhejiang Jinke Pharmaceutical, reactors, spray dryers and transfer tanks turn discarded shrimp and crab shells into high-purity chitosan, chito-oligosaccharide and glucosamine. After more than 30 years in marine biology research, its products now reach more than 30 countries. The bureau pushes tailored policy guides and coaches the company on properly collecting R&D expenses so it can fully claim the additional deduction.