Huzhou City has received more than 80 battery and paint enterprises tax returns

China Paint Network
News:
To promote energy conservation and environmental protection, China from last month, batteries,
coatings
included in the scope of consumption tax collection, in the production, commissioned processing and import links, the applicable tax rate is 4%. Since this month, the IRS of Huzhou City, Zhejiang Province, has begun accepting tax returns from taxpayers for consumption tax on batteries and paints.
In accordance with the relevant regulations, primary batteries and batteries are subject to excerprise tax, but some types of batteries are exempt from consumption tax, including mercury-free primary batteries, metal hydride nickel batteries (also known as "nickel hydride batteries" or "nickel hydride batteries"), lithium-ion batteries, lithium-ion batteries, solar cells, fuel cells and total liquid flow batteries. The consumption tax is exempted for coatings with volatile organic matter content of less than 420 g/L (including) under construction status. In addition, the consumption tax on lead batteries was suspended until December 31, 2015, and the consumption tax on lead batteries was levied at a 4% rate as of January 1, 2016.
as of March 12, the IRS of Huzhou City, Zhejiang Province, has received tax returns from more than 80
,
and coating enterprises. Although the total amount of tax revenue is small, but the policy will promote batteries, coatings and other related enterprises to adjust the product structure, to the direction of green environmental protection play a strong guiding role. In order to do a good job in the battery, paint consumption tax levy work, the Municipal IRS timely in the Office of Tax Service, the National Tax website, such as the release of policy information, and carry out "send policy door-to-door" work, strengthen policy publicity and guidance. At the same time, carry out basic information verification of enterprises, accurately define the list of taxpayers and product names included in the scope of consumption tax collection, and do a good job of exempting enterprises from consumption tax for the record, so that taxpayers pay clear tax, pay rest assured tax.