Taizhou Wenling 2 environmental protection paint enterprises enjoy consumption tax-free concessions

China Coatings Network
:
February 1 this year, the Ministry of Finance, the State Administration of Taxation decided to include batteries,
coatings
the scope of consumption tax collection. Among them, paint consumption tax is levied only on paint production, commissioned processing and import links, and coatings with VOC content of 420 g/L under construction status are exempt from consumption tax. In order to actively implement the adjustment of the consumption tax policy, the State Tax Institute of Zeguo selected the list of battery and paint production enterprises from the collection and management system, and completed the registration of the consumption tax. After verification, there are two enterprises involved in the adjustment, respectively, Wenling Huifeng Plastic Powder Co., Ltd., Taizhou City Blueton Plastic Powder Co., Ltd. At the end of March, the two enterprises obtained the product testing report issued by zhejiang Provincial Institute of Quality Inspection Science, which met the tax relief conditions, and the institute has filed tax-exempt procedures to ensure that environmentally friendly products enjoy tax-exempt benefits. It is reported that the production of batteries, coatings products, the collection of consumption tax, will accelerate the battery and coating industry internal adjustment and transformation and upgrading, conducive to environmental improvement. At the same time, the implementation of tax relief policies for such environmental protection enterprises to bring benefits, will enhance the competitiveness of tax relief products, ushering in new development opportunities.