Improve taxation policies for recycling resources

The new corporate income tax law, which came into effect on January 1 this year, establishes a preferential system that focuses on "industry incentives and regional benefits," and increases technological innovation, recycling resources, energy conservation, and consumption reduction, and environmental protection. Field support and encouragement. According to China's requirements for the use of resources and sustainable development, it is imperative to study and formulate taxation policies that are conducive to the recycling of resources. In order to meet the needs of technological progress and technological innovation of enterprises, the tax system should be further improved in the following aspects.
Reduce the burden of value-added tax on circular economy projects. The value-added tax for circular economy projects is changed from "production-type" to "consumption-type", and consumer-type value-added tax is maintained at a tax rate of 17% to promote technological advancement and equipment renewal.
Expand the input tax deduction scope for value-added tax, and provide input tax deductions for equipment investment, technology transfer fees, research and development fees, and new product trial production costs that are conducive to energy conservation and consumption reduction. For recyclable products that are produced from wastes and emissions as raw materials, as long as they meet a certain scale of implementation of the rebate policy.
Highlighting the environmental protection function of the consumption tax, including consumption of non-recyclable or hardly degradable materials, consumption of large amounts of resources, serious pollution of the environment, consumer goods and consumer behavior, and consumption of non-renewable resources, scarce resources, and consumption of energy exceeding national energy consumption. Standard products are heavily levied to control the consumption of resources for use. Low consumption taxes or tax exemptions are imposed on low-energy vehicles using new or renewable energy sources. Consumption tax is not levied on products with low resource consumption, which are capable of recycling resources, and on green products and cleaning products that do not cause pollution to the environment.
Highlight the role of corporate income tax in guiding the recycling of resources. The cost of purchasing equipment for production energy-saving and environmental-protection products and the cost of research and development for energy-saving and environmental-protection products shall be paid out before the enterprise income tax, and the income from production of pollution substitutes and comprehensive utilization of resources shall be exempted from enterprise income tax. Energy-saving and environment-friendly vehicles, energy-saving and environment-friendly buildings, and implementation of energy-saving retrofitting of existing buildings are subject to taxation. To change preferential forms, preferential forms such as reductions and exemptions, deferred taxes and other direct concessions and accelerating depreciation, pre-tax expenditures, technology investment credits, and reinvestment tax rebates, patent exemptions and other indirect benefits, to better play the corporate income tax incentives The role of energy saving.
We will reform and improve the resource tax, and include all non-renewable resources and some resources whose reserves are at a critical level and whose further consumption will be seriously damaged. The method of adjusting the resource tax levy will be changed from the current specific collection to the ad valorem collection to raise the level of tax burden. Tax incentives for the development of products produced from alternative sources. Improve the vehicle taxation system, change the current vehicle charges to the vehicle ownership tax and introduce the fuel tax. The fuel tax is based on the fuel consumption of the vehicle. The greater the fuel consumption, the more taxes paid, and the gasoline and diesel fuel respectively. Set tax rates and limit the use of highly polluting gasoline.
Improve the function of business tax to promote technological progress, and implement the exemption of business tax concessions for those engaged in the development of energy-saving technologies, technology transfer business, and the related technical consulting and technical service businesses.
Taxpayers who have imposed environmental protection tax and environmental protection tax shall be units and individuals engaged in the production of harmful taxable products for the environment and sewage discharge activities in China. According to the characteristics of pollutants and the degree of pollution, the environmental protection tax shall be subject to a differential tax rate, a zero tax rate shall be imposed on industries that are conducive to the rational development, utilization, and protection of natural resources and “green industries” and alternative resources, and a punitive tax rate shall be imposed on environmental pollution.
We will establish a "green tariff" system and impose heavy taxes on imported products that affect the ecological environment so as to improve the quality of imported products and prevent transnational pollution from being transferred to China in international trade. Encourage Chinese companies to build raw material supply bases overseas, and jointly develop and import domestically needed products. In terms of export taxation, domestic high-energy consumption, high-pollution, and resource-based products have significantly increased the export tariff rate to limit the outflow of domestic resources.

Fruits Juice Production Line

Jump Machinery (Shanghai) Limited is a modern high-tech joint stock enterprise specialized in the turnkey production line of concentrated juice, jam, pulp, tropical fruits, herb and tea beverages, carbonated drinks, wine, beer, yogurt, cheese, milk, butter etc. At the same time, Jump is also committed to manufacturing various food machinery, such as Can Food Machinery , Fruits Juice Machinery, Tomato Sauce Machinery, Fruits Jam Machinery, Dairy Machinery etc.

Jump is able to supply service from A to Z about your project, not only machine manufacturing, installation commissioning, technical training, after-sales service, but also before-sales service, including factory building construction drawings, facilities layout, and water, electricity, boiler steam. Jump has a professional team to help clients to design the layout on worksite and draft the implementation plan, program schedule and expense estimation in each stage of the project until the production line starts the project.

As an industry leader, it has the best projects, professional engineers and technicians, strong R&D department with a number of masters and PhD of food engineering & packaging machinery, stable long-term development and highly rated customer experience in every province in China and also in Africa, the Middle East, Southeast Asia, Oceania, Europe and America.

Fruits Juice Production Line,Apple Juice Processing Line,Pomegranate Juice Processing Line,Grape Juice Processing Line

Jump Machinery (Shanghai) Limited , https://www.shanghaimachineries.com