The State Council has approved a consumption tax on coatings, which will accelerate the adjustment and transformation of the paint industry

"Notice" provides that batteries,
coatings
included in the scope of consumption tax collection, in the production, commissioned processing and import links, the applicable tax rate is 4%. In addition, waste tax is waived on coatings containing less than 420 g/L of volatile organic compounds (VOCs) during construction.
the coating industry's corporate market research department believes that this move for the coatings industry, both an opportunity and a challenge, the industry as a whole will be a good role to promote. First of all, the New Deal will speed up the adjustment and transformation of the coating industry to promote sound development, but at the same time, in the

current high comprehensive cost situation, coating industry enterprises will face higher cost pressure, and this pressure is likely to shift downstream, such as consumers, so that product price advantage will be broken;
The scope of the coating tax collection Note
Coatings are the general term for a class of liquid or solid material applied to an object surface that can form a solid coating film with protection, decoration or special properties.
coating consists
main film-
, secondary film-forming substances, etc. According to the main film-forming material coatings can be divided into grease, natural resins, phenolic resins, asphalt, alcoholic acid resins, amino resins, nitros, filtered ethylene resins, oleic resins, acrylic resins, polyester resins, epoxy resins, polyurethane resins, elemental organics, rubbers, cellulose, other film-formings, etc.