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New Rules! Higher Taxes for These Enterprises!
2018-03-05 18:14:21 author: 【big in small browse:190Secondary


The New Year is approaching accompanied with the rise in prices of raw materials, wages for workmen. And as regards the industries referring to raw materials, it’s a frightening thing thatEnvironmental Tax is going to be effective.


Environmental Tax

From January 1, 2018, Chinese government starts to levy environmental protection taxes which is bound to increase the cost of manufacturing. GDP goes up every year with the salaries as well as the currency inflation. 

Realistically, it's an inevitable result. And it's predicted that the size of the levy on environmental protection taxes will annually reach 50 billion Yuan.


Tax standards have been published

It's reported that the amount of tax to be paid for taxable air pollutants and water pollutants and number of items of nearly 30 provinces (cities, municipalities) have been published.

Published provinces Including Zhejiang, Jiangsu, Fujian, Guangdong, Beijing, Tianjin, Hebei, Jiangxi, Hunan, Shandong, Hainan, Liaoning, Jilin, Henan, Guizhou, Yunnan, Shaanx, Qinghai, Gansu, Xinjiang, Sichuan, Chongqing, Ningxia and Shanghai.



Who are the major taxpayers?

As Environmental Protection Tax Law of the People's Republic of China indicates that the enterprises that directly discharge pollutants to the environment are major taxpayers including the majority of manufacturing industries and some polluting processing industries, referring to 5 millions enterprises of various kinds.

That is to say, you need to subject to increased taxes if your factory refers to the pollution industries, like:

Thermal power, steelworks, cement, electrolytic aluminum, coal, metallurgy, construction materials, brewing industry, textile manufacturing, tannery, fermentation, electroplate, textile printing, papermaking, food processing, chemical engineering,pharmacy or the heavy pollution-discharge enterprises like the lead raw materials factory, steelworks, smelting plants, chemical plants and other pollution-discharge supporting enterprises like painting factories, tire factories, frame plants, battery plants, plastic plants and etc.


Prices of raw materials will increase over 10%

According to Control Work Plan of Vehicle Transporter, car transporters of double rows are forbidden and other substandard vehicle transporters will be banned from entering highway. That means, there will be no way for enterprises to save cost by overload freight.

Due to the severe regulation, transportation expenses will increase by 35%, which will result in soaring prices of raw materials and fuel!


source:        

Tags:New Rules Taxes Enterprises Editor:unique
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