From next month, coating a 4% consumption tax - battery-Power Kingdom

Xinhua Beijing January 27 (Reuters) - Reporter shen Cheng part 3) 27 foreign Ministry of Finance, state administration of taxation issued a notice said that in order to promote energy conservation and environmental protection, approved by the State Council, since February 1, 2015, the consumption tax on batteries, coating. According to two department released the notice about the battery, coating impose consumption tax, since February 1, 2015, the battery included in the scope of consumption tax levy, coating, in production, processing and import link tax, applicable tax rate shall be 4%. Notice, in the range of primary battery, battery; But for some types of batteries shall be exempted from the consumption tax, including: mercury-free battery, nickel metal hydride batteries ( Also called & other; Nickel-metal hydride battery & throughout; Or & other Nickel metal hydride battery & throughout; ) , lithium battery and lithium ion battery, solar batteries, fuel cells and the vanadium flow batteries. Notice also made clear, on December 31, 2015 for lead-acid batteries collection consumption tax; Since January 1, 2016, the consumption tax on lead-acid batteries according to 4% tax rate. In addition, the notice requires that the construction condition of volatile organic matter content less than 420 g/l ( ) Coating shall be exempted from the consumption tax to promote energy conservation and environmental protection, approved by the State Council, since February 1, 2015, the consumption tax on batteries, coating. Will now matters related to notice the following: first, the battery, coating is included in the scope of consumption tax levied ( Specific items annotation see the attachment) In the production, processing and import link tax, applicable tax rate shall be 4%. Second, the mercury-free battery, nickel metal hydride batteries ( Also called & other; Nickel-metal hydride battery & throughout; Or & other Nickel metal hydride battery & throughout; ) , lithium battery and lithium ion battery, solar batteries, fuel cells and the vanadium flow batteries shall be exempted from the consumption tax. On December 31, 2015 for lead-acid batteries collection consumption tax; Since January 1, 2016, the consumption tax on lead-acid batteries according to 4% tax rate. The construction condition of volatile organic compounds ( 挥发性有机化合物、挥发性有机化合物) Content is less than 420 g/l ( ) The coating shall be exempted from the consumption tax.