 Home > Coatings News > Paints and Coatings Market > Is there a consumption tax on the production of coatings?

Is there a consumption tax on the production of coatings?

 Last Update: 2021-02-25
 Source: Internet
 Author: User

Tags

organic phosphorus fertilizer

organic lock

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

China Coatings Network
: Q: Production of
coatings
need to pay consumption tax?
: According to the Notice of the State Administration of Taxation of the Ministry of Finance on the Collection of Consumption Tax on Battery Paints (Finance and Taxation (2015) No. 16), batteries and coatings will be included in the scope of consumption tax collection from February 1, 2015, and the applicable tax rate will be 4% in the production, commissioned processing and import. No consumption tax is charged on coatings containing volatile organic compounds (Volatile Organic Compounds, VOCs) containing less than 420 g/L under construction. Therefore, if your company produces and sells paints that do not fall within the above-mentioned exemption from consumption tax, you should declare and pay consumption tax in accordance with the regulations.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Coating production fell sharply due to consumption tax

08-22

Related Products

L-Ascorbate-2-Monophosphate Feed Grade

CAS No.: 109620-90-8

Feed Grade

Potassium Sorbate from reliable manufacturer

CAS No.: 590-00-1

Food Grade

Doxycycline Hydrochloride

CAS No.: 10592-13-9

Pharmaceutical Grade

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.

Is there a consumption tax on the production of coatings?

Related Articles

Coating production fell sharply due to consumption tax