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    Home > Active Ingredient News > Drugs Articles > How are pharmaceutical companies doing when the environmental protection tax comes?

    How are pharmaceutical companies doing when the environmental protection tax comes?

    • Last Update: 2018-04-03
    • Source: Internet
    • Author: User
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    [China Pharmaceutical network industry trends] on January 1, 2018, China's first environmental protection tax law was officially implemented This tax law is the first single tax law in China that embodies the "green tax system" and promotes the construction of ecological civilization It is conducive to protecting the environment and accelerating the construction of ecological civilization It will also promote the transformation and upgrading of some polluting enterprises and develop towards the direction of green Before that, some insiders had predicted that the environmental tax would lead to many pharmaceutical enterprises to limit or stop production, especially API enterprises, which urgently need to upgrade equipment and implement green production; others said that pharmaceutical enterprises have little hope of survival and can't survive without the ability! As a new type of tax declared quarterly, environmental protection tax has ushered in the collection period nationwide on April 1 So, how much influence does it have on pharmaceutical companies? According to Xinhua news agency, at present, the core collection and management system and online reporting system of tax departments all over the country have been deployed online, identifying, identifying and collecting basic information of more than 240000 environmental tax payers, and organizing more than 4600 trainings jointly with environmental protection departments At the same time, local tax departments have successively carried out on-site consultation, 12366 hotline consultation, etc to provide tax guidance for taxpayers through various channels Among the more than 240000 environmental taxpayers and consultants, pharmaceutical companies are bound to be included Pharmaceutical enterprises have always been in a serious pollution industry Before that, especially in 2017, the environmental protection department issued a series of policies and regulatory measures, which brought a large-scale storm to the API enterprises A large number of API enterprises in Northeast, North China and other regions were forced to stop production, transform or even close down In this context, the demand of API market is in short supply, which has set off another round of price rising tide Nowadays, the implementation of environmental tax also represents the increase of tax cost From API to excipients and then to the cost after, this series of links are taxed together It can be imagined that the final cost of API enterprises is amazing! At the same time, under the environment protection rectification, API enterprises not only consider the pollution control cost of environmental protection tax, but also need to upgrade, transform or migrate under the environment protection pressure And the cost of these jobs is huge According to the data, there are more than 6000 pharmaceutical enterprises in China, most of which are small in scale and have limited investment in environmental protection The industry expects that in this context, a large number of small and medium-sized pharmaceutical enterprises with weak viability will be eliminated According to the provisions of the environmental protection tax law, the scope of the tax payable is: 1.2 to 12 yuan per pollution equivalent for air pollutants, 1.4 to 14 yuan per pollution equivalent for water pollutants, which can be adjusted within the scope of the legal tax according to the local actual situation From the point of view of the plans issued by various regions, the standards of environmental tax are relatively high in Beijing, Shanghai, Tianjin, Hebei, Shandong and other places This also provides impetus for the relocation of pharmaceutical enterprises in the above areas According to the analysis of the insiders, at present, pharmaceutical enterprises with a certain scale in China, according to the calculation of the environmental protection tax law, only the cost of sewage treatment needs to be over 100 million yuan, excluding waste gas, solid waste treatment, etc Therefore, some large-scale pharmaceutical enterprises can selectively move to low tax areas for reproduction or reconstruction Under the implementation of environmental protection tax, environmental protection equipment will undoubtedly be sought after by the pharmaceutical industry However, according to the insiders, since the implementation of the environmental protection tax law, the market of environmental protection equipment has not seen significant growth "The environmental protection tax law has just been implemented, and there may be implementation loopholes At the same time, in the short term, the investment in strengthening pollution control is higher than the environmental protection tax paid directly, so the investment in environmental protection of enterprises is not obvious " However, some insiders also predict that in the long run, with the improvement and promotion of environmental tax law, the state's investment in environmental protection equipment will also increase Under the survival principle of survival of the fittest, the remaining pharmaceutical enterprises will inevitably increase the demand for environmental protection equipment, trigger a new round of growth of environmental protection equipment market, and bring new business opportunities  
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