Battery paint levy consumption tax Zibo City completed the first month of declaration collection

China Paint Network
News:
days ago, reporters from Zibo City IRS was informed that Zibo City successfully completed the battery
coatings
two types of product consumption tax first month of the declaration and collection work. As of March 20, the city identified a total of 64 battery paint consumption tax taxpayers, including 14 battery production enterprises, paint production enterprises 50 households. 4 battery enterprises and 6
coating
products meet the tax-exempt conditions, and tax-exempt qualification for the record. The city's first month to declare consumption tax revenue of 116,000 yuan, the city's tax revenue has little impact.
it is understood that, in order to promote energy conservation and environmental protection, with the approval of the State Council, batteries and coatings will be included in the scope of consumption tax collection from February 1, 2015, in the production, commissioned processing and import links of the 4% tax rate. The policy exempts mercury-free primary batteries, nickel hydride batteries, lithium-ion batteries, lithium-ion batteries, solar cells, fuel cells and all-hydrant liquid-flow batteries from consumption tax. The consumption tax on lead batteries will be suspended until December 31, 2015 and will be reinstated at the 4% rate as of January 1, 2016. At the same time, the construction state of volatile organic matter content of less than 420 g / liter (including) of coatings exempt from consumption tax.
According to Wang Zhencheng, head of the Goods and Services Section of the Municipal Internal Revenue Service, whether the two types of products produced by taxpayers are duty-free, it is necessary to hold the product testing report issued by the quality and technical supervision department at or above the provincial level and the certificate of identification of the testing institution by the quality and technical supervision department at or above the provincial level, and go to the competent tax authority for tax preferential filing.
Wang Zhencheng, the consumption tax on the production of battery coating products will accelerate the internal adjustment of the battery and coating industry, which is conducive to the industrial layout and environmental improvement of Zibo City. Our city enjoys the battery tax-free 4 taxpayers, mainly lithium battery enterprises, nickel hydride battery enterprises, the implementation of tax relief policy for such enterprises to bring benefits, the future will enhance the competitiveness of tax relief products, ushered in development opportunities.
It is understood that although the policy gave lead batteries a one-year tax buffer period, but due to the current domestic lead battery capacity in a more serious surplus, foreign brands to participate in the domestic market competition, the industry as a whole fierce competition, coupled with low levels of corporate profits, enterprises on lead batteries consumption tax will be difficult to digest.