On the "State Administration of Taxation on the battery paint consumption tax collection and management of related issues" interpretation

China Coatings Network
News: In order to implement the "Ministry of Finance, State Administration of Taxation on the battery
paint
consumption tax notice" (finance and taxation (2015) No. 16) document spirit, to ensure that the implementation of the policy in place, on the battery, paint consumption tax-related collection and management matters to formulate this announcement.
1. Regarding the registration of taxes
considering batteries and coatings as new consumption tax items, in order to smoothly carry out tax declaration and other related tax-related matters, the announcement requires the taxpayers of batteries and paint consumption tax to go to the competent tax authorities in the locality for tax registration, the specific processing process and time limit requirements are determined by the state tax bureau of the provinces, autonomous regions, municipalities directly under the Central Government, and the planned single-listed city.
II. With regard to tax deductions
in accordance with the Notice of the State Administration of Taxation of the Ministry of Finance on the Interpretation of the relevant Provisions of the <> (Finance Law No. 8 of 2012), the taxpayer's commissioned processing shall be subject to the collection of tax-paying consumer goods in a manner that is higher than that of the trustee. The tax-paying price of the sale is allowed to deduct the paid consumption tax, the explicit deduction voucher is the "tax contribution letter (special withholding collection)", and accordingly designed the battery, paint consumption tax taxpayers used to calculate the deduction of tax "battery, paint tax deduction account."
At the same time, in order to reduce the burden on both parties, the announcement requires taxpayers to submit copies of the Tax Contributions (Special collection for withholding) used to calculate the deduction of consumption tax to the competent tax authorities on a monthly basis, without reporting to the competent tax authorities.
3. With regard to preferential policies
In order to regulate the management of products in which batteries and coatings enjoy preferential tax policies, the announcement stipulates that taxpayers who produce and commission the processing of related batteries and coating products shall hold the report on the testing of batteries and coating products issued by the provincial quality and technical supervision department to the laboratory qualification inspection institutions in accordance with the law, and report them to the competent tax authorities in accordance with the provisions.
Fourth, on the tax return
in the current information construction of the continuous promotion, information collection and sharing of the environment, from the simplification of tax information and tax procedures, the announcement in the current other taxable consumer goods from the rate of return, on the basis of the partial declaration schedule has been deleted and adjusted, separately formulated battery, paint consumption tax return.