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Battery paint the consumption tax reform in 2015 has taken the first step
1st of this month, the consumption tax reform has finally taken the first step this year: the battery, paint included in the scope of consumption tax levy in the production, processing and import levy applicable tax rate was 4%.
It is noteworthy that in the Ministry of Finance, State Administration of Taxation [microblogging] released "on the batteries, paint consumption tax notice" (hereinafter referred to as "Notice") clearly states: primary batteries, battery were within the scope of the collection; however, for some types of batteries are exempt from excise duty, including mercury primary batteries, nickel metal hydride batteries (also known as "nickel-hydrogen battery," or "nickel-hydrogen batteries"), lithium primary batteries, lithium-ion batteries, solar batteries, fuel cells and vanadium redox flow battery. And the construction of a state under the volatile organic content of less than 420 g / liter (inclusive) are exempt from excise duty paint.
At the same notice also clear, December 31, 2015 to lead-acid battery consumption tax deferment; since January 1, 2016, to the rate of four percent lead-acid battery consumption tax.
Strengthen energy-saving and environmental protection "lever"
The consumption tax reform would "muzzle" align battery and coatings industry, the fundamental purpose is to promote energy saving. Make full use of consumption tax root "leverage" to regulate the production and consumption, in order to achieve optimal allocation of resources. As the Ministry of Finance Branch, deputy director of the dynasty was said: "Overall, the State or from the environmental aspects of energy-saving considerations, we require is to make the consumption tax into the price go up, raise consumer prices, so that consumers have less, saving awareness . "
Why paint industry for the first time included in the scope of consumption tax, Zhuo record information analysts edge Kin Wai in the "China Sankei Shimbun" reporter, said: "The key is to consider the environmental aspects of post-construction paint, organic solvent evaporation to the atmosphere. One of the important reasons pollute the environment, VOC (volatile organic compounds) also form haze, now with our coatings production continued to grow rapidly, VOC emissions are also simultaneously increased. To control environmental pollution caused by the paint industry, and guide actively to environmentally friendly coating industry transformation is the main reason for the coatings industry is satisfied that the excise tax. Secondly, many SMEs in the paint industry, enterprise level uneven levels, the consumption tax, to some extent, will enhance the industry barriers to entry, promote industry consolidation, increase industry concentration. "
At the same time, Zhuo record information analysts 姜燕琴 also to the "China Sankei Shimbun," she told reporters that the country is actually already made plans battery included in the scope of consumption tax: "the end of November 2012, vice president Jin-Liang Wang said the China Battery Industry Association, Taxation, Ministry of Finance intends to lead-acid batteries levied a 5% consumption tax. By the end of 2013, the two ministries proposed expropriation bill again, but for the small profit margins of large corporations, small and medium enterprises in the cost line or loss, no doubt, are worse, and Once the excise duty levied confirmation will trigger earthquakes within the lead-acid battery industry, will also be unable to load some of the companies crushed the last straw, so the battery business because this proposal is strongly opposed stranded. This year, Minister of Finance Following House Wei in the national financial work conference that in 2015 will further adjust the scope of consumption tax, links, tax rates, the high energy consumption, high pollution products and some luxury goods included in the collection range, eventually introduced two departments issued "on the battery, Paint excise tax notice. ""
Tax shift effect: small paint large battery
For consumers, more concerned that the excise tax reform will lead to changes in market prices, fleece, this tax expenditure if required consumers to pay? Focus battery industry research Jiangyan Qin said to the reporter: "From the short term point of view, consumption tax levied on the price of the battery is difficult to have a big impact."
Reporters from the "notice" the contents found are exempt from the scope of energy-saving battery. However, with their relative is the contamination is relatively large, while the more common use of lead-acid batteries. In the field of energy storage batteries, lead-acid battery industry scale once occupied more than 80% of the energy storage market. According to the China Battery Network it expected, due to the impact of lithium batteries and other batteries, lead-acid battery in 2015 the proportion will be 67%, but is still the highest market share of the energy storage device products.
姜燕琴 told reporters, adding: "At present, the domestic consumer market, the downstream end of the weaker lead-acid battery, electric bicycle light vehicle market consumption, dragging the battery matching demand and replacement market affected by the weather, this year's season is not formed, resulting in lead-acid battery business Finished greater pressure on the stock market is still in the lead-acid batteries currently a buyer's market, lead-acid battery companies have cut prices, the price war is more intense, such as the current situation, the consumption tax is difficult to be passed on to the downstream market expected. "
However, the paint market is not as good as the battery market is so quiet, it might set off a price storm. Kin Wai side, said:. "Consumption tax is expected to have some impact on the price of some paint, paint upside price currently exist in most domestic oil paint are difficult to achieve tax-exempt status of construction standards, so you can tell most of the oil-based paint are in the scope of taxation, and the present, More than 90 per cent of our national paint companies income comes from oil paint, because the consumption tax is expected to cover a broader, at a pressure greater profitability, its cost or partially transferred to consumers. "
Meanwhile paint industry also said: "levy a 4% excise tax is not a small number, consumers may feel the high part of the price of paint products, which at the same time will affect the competitiveness of high VOC content of the product."
Industrial upgrading "booster"
With the apparent consumption tax transfer action, coupled with the "notice" clearly states "status under construction volatile organic content of less than 420 g / liter (inclusive) of paint exempt from consumption tax", competitive coatings industry will be high VOC content of products decline. Therefore, the consumption tax reform, or will become the paint industry, industrial upgrading "booster." As the President of waterborne coatings technology alliance Chinese Yang Xian said that the introduction of the consumption tax policy will promote the industry, "oil to water" upgrade.
However, this boost power industry upgrade if there is actual effect will depend on the consumption tax levy can affect market supply and demand in the coatings industry.
Industry restructuring policies only provide a guide for the consumption tax increase could affect market supply and demand situation at this stage, while Kin Wai said: "we will not cause significant impact on the market supply and demand, on the one hand there is a consumption tax is still the process of implementation Exit small business is not done overnight, on the other hand China's paint production continues to increase, paint supply need not be our concern. "
Unlike paint industry, battery industry, market supply and demand pattern of consumption tax levied by the greater impact, upgrade the role of industry is expected to show faster.
"Currently affecting the consumption tax levied on the domestic market is small, but exports to China lead-acid battery will have a greater impact. Levy of 4% of the consumption tax, our country will be faced with the impact of lead-acid batteries or neighboring countries, then our lead-acid battery export markets or will face a severe test. But on the other hand, the notice expressly mercury primary batteries, nickel metal hydride batteries (also known as' nickel-hydrogen battery 'or' 'nickel-metal hydride batteries'), lithium primary batteries, lithium ion batteries, solar cells, fuel cells and vanadium redox flow batteries are exempt from consumption tax, post or downstream electric car companies will develop lithium battery electric vehicles, a greater impact on the lead-acid battery business generated.
It is noteworthy that in the Ministry of Finance, State Administration of Taxation [microblogging] released "on the batteries, paint consumption tax notice" (hereinafter referred to as "Notice") clearly states: primary batteries, battery were within the scope of the collection; however, for some types of batteries are exempt from excise duty, including mercury primary batteries, nickel metal hydride batteries (also known as "nickel-hydrogen battery," or "nickel-hydrogen batteries"), lithium primary batteries, lithium-ion batteries, solar batteries, fuel cells and vanadium redox flow battery. And the construction of a state under the volatile organic content of less than 420 g / liter (inclusive) are exempt from excise duty paint.
At the same notice also clear, December 31, 2015 to lead-acid battery consumption tax deferment; since January 1, 2016, to the rate of four percent lead-acid battery consumption tax.
Strengthen energy-saving and environmental protection "lever"
The consumption tax reform would "muzzle" align battery and coatings industry, the fundamental purpose is to promote energy saving. Make full use of consumption tax root "leverage" to regulate the production and consumption, in order to achieve optimal allocation of resources. As the Ministry of Finance Branch, deputy director of the dynasty was said: "Overall, the State or from the environmental aspects of energy-saving considerations, we require is to make the consumption tax into the price go up, raise consumer prices, so that consumers have less, saving awareness . "
Why paint industry for the first time included in the scope of consumption tax, Zhuo record information analysts edge Kin Wai in the "China Sankei Shimbun" reporter, said: "The key is to consider the environmental aspects of post-construction paint, organic solvent evaporation to the atmosphere. One of the important reasons pollute the environment, VOC (volatile organic compounds) also form haze, now with our coatings production continued to grow rapidly, VOC emissions are also simultaneously increased. To control environmental pollution caused by the paint industry, and guide actively to environmentally friendly coating industry transformation is the main reason for the coatings industry is satisfied that the excise tax. Secondly, many SMEs in the paint industry, enterprise level uneven levels, the consumption tax, to some extent, will enhance the industry barriers to entry, promote industry consolidation, increase industry concentration. "
At the same time, Zhuo record information analysts 姜燕琴 also to the "China Sankei Shimbun," she told reporters that the country is actually already made plans battery included in the scope of consumption tax: "the end of November 2012, vice president Jin-Liang Wang said the China Battery Industry Association, Taxation, Ministry of Finance intends to lead-acid batteries levied a 5% consumption tax. By the end of 2013, the two ministries proposed expropriation bill again, but for the small profit margins of large corporations, small and medium enterprises in the cost line or loss, no doubt, are worse, and Once the excise duty levied confirmation will trigger earthquakes within the lead-acid battery industry, will also be unable to load some of the companies crushed the last straw, so the battery business because this proposal is strongly opposed stranded. This year, Minister of Finance Following House Wei in the national financial work conference that in 2015 will further adjust the scope of consumption tax, links, tax rates, the high energy consumption, high pollution products and some luxury goods included in the collection range, eventually introduced two departments issued "on the battery, Paint excise tax notice. ""
Tax shift effect: small paint large battery
For consumers, more concerned that the excise tax reform will lead to changes in market prices, fleece, this tax expenditure if required consumers to pay? Focus battery industry research Jiangyan Qin said to the reporter: "From the short term point of view, consumption tax levied on the price of the battery is difficult to have a big impact."
Reporters from the "notice" the contents found are exempt from the scope of energy-saving battery. However, with their relative is the contamination is relatively large, while the more common use of lead-acid batteries. In the field of energy storage batteries, lead-acid battery industry scale once occupied more than 80% of the energy storage market. According to the China Battery Network it expected, due to the impact of lithium batteries and other batteries, lead-acid battery in 2015 the proportion will be 67%, but is still the highest market share of the energy storage device products.
姜燕琴 told reporters, adding: "At present, the domestic consumer market, the downstream end of the weaker lead-acid battery, electric bicycle light vehicle market consumption, dragging the battery matching demand and replacement market affected by the weather, this year's season is not formed, resulting in lead-acid battery business Finished greater pressure on the stock market is still in the lead-acid batteries currently a buyer's market, lead-acid battery companies have cut prices, the price war is more intense, such as the current situation, the consumption tax is difficult to be passed on to the downstream market expected. "
However, the paint market is not as good as the battery market is so quiet, it might set off a price storm. Kin Wai side, said:. "Consumption tax is expected to have some impact on the price of some paint, paint upside price currently exist in most domestic oil paint are difficult to achieve tax-exempt status of construction standards, so you can tell most of the oil-based paint are in the scope of taxation, and the present, More than 90 per cent of our national paint companies income comes from oil paint, because the consumption tax is expected to cover a broader, at a pressure greater profitability, its cost or partially transferred to consumers. "
Meanwhile paint industry also said: "levy a 4% excise tax is not a small number, consumers may feel the high part of the price of paint products, which at the same time will affect the competitiveness of high VOC content of the product."
Industrial upgrading "booster"
With the apparent consumption tax transfer action, coupled with the "notice" clearly states "status under construction volatile organic content of less than 420 g / liter (inclusive) of paint exempt from consumption tax", competitive coatings industry will be high VOC content of products decline. Therefore, the consumption tax reform, or will become the paint industry, industrial upgrading "booster." As the President of waterborne coatings technology alliance Chinese Yang Xian said that the introduction of the consumption tax policy will promote the industry, "oil to water" upgrade.
However, this boost power industry upgrade if there is actual effect will depend on the consumption tax levy can affect market supply and demand in the coatings industry.
Industry restructuring policies only provide a guide for the consumption tax increase could affect market supply and demand situation at this stage, while Kin Wai said: "we will not cause significant impact on the market supply and demand, on the one hand there is a consumption tax is still the process of implementation Exit small business is not done overnight, on the other hand China's paint production continues to increase, paint supply need not be our concern. "
Unlike paint industry, battery industry, market supply and demand pattern of consumption tax levied by the greater impact, upgrade the role of industry is expected to show faster.
"Currently affecting the consumption tax levied on the domestic market is small, but exports to China lead-acid battery will have a greater impact. Levy of 4% of the consumption tax, our country will be faced with the impact of lead-acid batteries or neighboring countries, then our lead-acid battery export markets or will face a severe test. But on the other hand, the notice expressly mercury primary batteries, nickel metal hydride batteries (also known as' nickel-hydrogen battery 'or' 'nickel-metal hydride batteries'), lithium primary batteries, lithium ion batteries, solar cells, fuel cells and vanadium redox flow batteries are exempt from consumption tax, post or downstream electric car companies will develop lithium battery electric vehicles, a greater impact on the lead-acid battery business generated.