echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Paints and Coatings Market > A 4% consumption tax on battery paint will be levyed this month

    A 4% consumption tax on battery paint will be levyed this month

    • Last Update: 2021-03-12
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    China Coatings Network
    : The Ministry of Finance and the State Administration of Taxation have issued a notice that, in order to promote energy conservation and environmental protection, the State Council approved, from February 1, 2015 on batteries,
    coatings
    levy consumption tax. According to the Notice on the Collection of Consumption Tax on Batteries and Coatings issued by the two departments, from February 1, 2015, batteries and coatings will be included in the scope of consumption tax collection, and the applicable tax rate will be 4% in the production, commissioned processing and import links.
    the original battery, battery are within the scope of collection; However, some types of batteries are exempt from consumption tax, including: mercury-free primary batteries, metal hydride nickel batteries (also known as "nickel hydride batteries" or "nickel hydride batteries"), lithium-ion batteries, lithium notification also clearly, by December 31, 2015 the consumption tax on lead batteries suspended; As of January 1, 2016, a consumption tax will be levied on lead batteries at a rate of 4%.
    addition, the notice requires that coatings containing volatile organic matter below 420 g/L (including) in the construction state be exempted from consumption tax.
    this time on batteries, paint consumption tax, is one of the contents of this year's consumption tax reform.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.