Ministry: From February 1st, the consumption tax rate on coatings and batteries will be 4%.

China Coatings Network
: In order to promote energy conservation and environmental protection, approved by the State Council, the Ministry of Finance, the State Administration of Taxation today jointly issued a notice, from February 1, 2015 on batteries,
coatings
to levy a consumption tax, in the production, commissioned processing and import links, the applicable tax rate is 4%. This is after the adjustment of the consumption tax policy of refined oil, the consumption tax item is further adjusted and perfected.Not all batteries are exempt from GST,
heads of the two departments said, "for mercury-free primary batteries, metal hydride nickel batteries, lithium-ion batteries, solar cells, fuel cells and whole-stream cells." Experts said that lithium batteries, solar cells and other new energy batteries exempt from consumption tax, reflecting the state to support environmental protection, in line with the needs of industrial development of new energy batteries trend.
, there is also a "time-limited tax exemption" for certain batteries, such as a consumption tax on lead batteries until December 31, 2015; As of January 1, 2016, a consumption tax will be levied on lead batteries at a rate of 4%.
Finance Minister Lou Jiwei said at the previous National Finance Work Conference that this year will further adjust the scope, links and tax rates of consumption tax collection, high energy consumption, high pollution products and some high-end consumer goods into the scope of collection.
this time on the paint consumption tax, which also has preferential measures, for example, the construction of volatile organic matter (VOC) content of less than 420 grams / liter (including) of paint exempt from consumption tax. Industry insiders said the move will accelerate the integration of the paint industry and promote sound development.