In order to implement the spirit of the State Council, and further promote the comprehensive utilization of resources and energy-saving emission reduction, and standardize and optimize the value-added tax policy, the Ministry of Finance and the State Administration of Taxation have decided to integrate and adjust the value-added tax preferential policies for comprehensive utilization of resources and labor services.
On June 26, 2015, the website of the Ministry of Finance issued the “Notice on Printing and Distributing the VAT Concession Catalogue for Comprehensive Utilization of Resources and Services,†and unified the relevant policies.
Waste rubber comprehensive utilization of the industry's products include rubber powder, retreaded tires, recycled rubber. In this catalogue, the scope of comprehensive utilization of waste rubber was changed to waste tires in the past, and it covers used tires and used rubber products. According to the analysis, this is the recognition and support for the waste rubber comprehensive utilization industry, which reflects the country’s emphasis on the use of recycled rubber resources.
Cao Qingxin, secretary-general of the Waste Rubber Comprehensive Utilization Branch of the China Rubber Industry Association, wrote in the official website of the association that the preferential taxation policy introduced this time highlighted the characteristics of supporting strong and strong support, stressing that rubber powder, tire retreading, and recycled rubber must comply with national regulations. The technical requirements clarified the trend that the business must pass ISO9000, ISO14000 certification.
The newly issued document stipulates that if you want to enjoy the 50% National VAT rebate policy, you must meet a few basic conditions: more than 95% of the raw materials of the product come from the listed resources; the rubber powder meets (GB/T 19208-2008 Technical requirements specified; retreaded tyres meet the technical requirements specified in (GB7037-2007), (GB14646-2007) or (HG/T3979-2007); recycled rubber meets the technical requirements specified in (GB/T13460-2008); taxpayers Must pass ISO9000, ISO14000 certification.
Industry experts believe that in the current situation of lower prices of natural rubber and synthetic rubber, the rubber industry has also weakened the use of rubber reclaimed rubber powder and recycled rubber. The state has issued preferential policies for value-added tax on rubber powder, tire retreading, and recycled rubber products. The green development of the industry will bring benefits, and it also proves that the industry is supported by the state and encouraged by policies.
Cao Qingxin stated that the impact of used tires and used rubber products on the environment is increasing day by day. Under such circumstances, the newly introduced policy will become a powerful tool for clearing dirty, chaotic, poor and other non-standard enterprises, and upgrade and transform the industry. Come the opportunity.
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