From 2021, magnesium alloy projects in the western region can enjoy tax benefits.

The catalogue of encouraged Industries in the Western region (2020) has been examined and adopted at the 11th commission meeting of the National Development and Reform Commission on November 5, 2020, and promulgated with the consent of the State Council, and shall enter into force as of March 1, 2021. The catalogue of encouraged Industries in the Western region issued by the National Development and Reform Commission in 2014 (National Development and Reform Commission decree No. 15 of 2014) shall be repealed at the same time. A person in charge of the National Development and Reform Commission said that this catalogue has been formulated to promote the large-scale development of the western region to form a new pattern, to promote the adjustment of the industrial structure in the western region and the development of industries with The catalogue consists of two parts, one is the encouraged industries in the national existing industrial catalogue, and the other is the new encouraged industries in the western region. On the premise of being in line with the market access policy, the catalogue is applicable in principle to all kinds of enterprises producing and operating in the western region, among which foreign-invested enterprises are implemented in accordance with the catalogue of Industries encouraging Foreign Investment. It is understood that in the catalogue of encouraged Industries in the Western region (2020), six western provinces and regions have clearly listed magnesium alloy projects as new encouraged industries in the western region, including Chongqing, Guizhou, Ningxia, Shaanxi, Gansu and Qinghai. Among the new industries encouraged by other provinces and regions, some industries involving automobiles, electronics, equipment, and intensive processing of non-ferrous metals will be related to magnesium alloys. Compared with the 2014 version of the catalogue of encouraged industries in the western region, there is no change, and the six western provinces and regions still include magnesium alloys in the catalogue of new encouraged industries. However, the two magnesium-producing areas of Xinjiang and Inner Mongolia still do not include magnesium alloys in the catalogue. However, since magnesium alloy has been listed as an incentive project in the Industrial structure Adjustment guidance Catalog (2019) and the Industrial Catalog for encouraging Foreign Investment (2020 Edition), it should not affect existing enterprises and future new magnesium alloy projects to enjoy the relevant preferential policies. A relevant person in charge of the National Development and Reform Commission said that the reduction of 15% tax rate on encouraged industrial enterprises in the western region is one of the important policies for the large-scale development of the western region. The catalogue of encouraged industries in the western region defines the industrial scope of the preferential income tax policy for enterprises in the western development, which is an important basis for enterprises to enjoy this policy. Therefore, the author suggests that the magnesium-related enterprises in the relevant western provinces and regions should study the national policy and actively strive for preferential tax policies. At the same time, in the future magnesium product development and industrial extension, in attracting foreign investment, we should follow the national policy guidelines and make use of policy dividends to find the right project direction. The encouraged industries in the national existing industrial catalogue 1. The encouraged industries in the guidance Catalog of Industrial structure Adjustment (2019) (National Development and Reform Commission No. 29, 2019). According to the inquiry, there are two main magnesium projects listed in this catalogue: first, in the encouraged non-ferrous metals projects, "high-performance magnesium alloys and their products" are included in the new materials industry for the first time. Clear policy guidance has been made at the national level to encourage the development of diversified magnesium alloy materials and their casting, extrusion, rolling, forging and other processing and manufacturing, and to cultivate a new material industry chain. Second, in the encouraged automobile project, the "magnesium alloy" is included in the application field of lightweight materials, which is encouraged, and the important role and development potential of magnesium alloy in automobile lightweight are recognized. In addition, other parts of the catalogue also involve magnesium and magnesium alloy projects, such as lightweight application of interior decoration materials for rail vehicles, development and production of new materials for aerospace, development of lightweight materials for mechanical equipment and lightweight technology, new energy materials, high-end metal powder materials for 3D printing, hydrogen storage materials, biomedical materials, Automotive, energy equipment, rail transit equipment, aerospace, military, marine engineering equipment key castings, forgings and so on. 2. Industries in the catalogue of Industries encouraging Foreign Investment (2020 Edition) (National Development and Reform Commission, Ministry of Commerce decree No. 38 2020). According to the inquiry, the items related to magnesium in this catalogue include: light metal composites, magnesium alloy castings, magnesium alloys and their application products. Aviation, aerospace, ship, automobile, motorcycle lightweight and environment-friendly new materials R & D, manufacturing (special aluminum plate, aluminum-magnesium alloy material, motorcycle aluminum alloy frame, etc.). New incentive industries in the western region The newly added encouraged industries in the western region shall be classified by provinces, autonomous regions and municipalities directly under the Central Government, which in principle apply to domestic enterprises producing and operating in the corresponding provinces, autonomous regions and municipalities directly under the Central Government, and shall be revised timely according to the actual situation; if the listed industries are clearly defined as restricted, eliminated, prohibited and other industries by the relevant industrial catalogue of the state, the attributes of the encouraged industries will be exempted naturally. The author excerpts the items related to magnesium industry in the catalogue of new encouraged industries in the western region as follows. I. Chongqing Municipality 1. Metal materials for automotive, electronic information, equipment, rail transit, aerospace and other industries. two。 Cast and forged light alloy materials. 3. Magnesium alloy deep processing products. 4. Motorcycle complete vehicle and important parts manufacturing. 5. Research and manufacture of notebook computers, communication products and key components. II. Sichuan Province Automobile complete vehicle, special purpose vehicle and spare parts and accessories manufacturing. III. Guizhou Province 1. Development and production of high performance magnesium alloy. two。 Fine processing and comprehensive development and utilization of dolomite. 3. Automobile manufacturing, special purpose vehicles (excluding ordinary trailers, dump trucks, tank trucks, vans and barn cars) manufacturing, auto parts R & D and manufacturing. 4. Research and manufacture of notebook computers, communication products and key components. IV. Yunnan Province Development and intensive processing of non-ferrous metal products (except for projects restricted and eliminated in the guidance Catalog of Industrial structure Adjustment). V. Shaanxi Province 1. High performance magnesium alloy development and production, titanium deep processing. two。 Automobile R & D and manufacturing, special purpose vehicles (excluding ordinary trailers, dump trucks, tank trucks, vans and barn cars) R & D and manufacturing, auto parts R & D and manufacturing. 3. Automotive mechanical gearbox, electronically controlled mechanical automatic gearbox (AMT), new energy gearbox, power shift gearbox, hydro-mechanical continuously variable transmission (CVT), etc., disc brakes, clutches, synchronizers, power extractors, gears, forgings, castings and other automotive parts, RV reducer, Commercial vehicle anti-lock braking system (ABS), tire temperature and tire pressure monitoring system (TPMS), drive anti-skid (ASR), electronic brake system (EBS), driving assistance system (ADAS) and other automotive electronic products manufacturing. 4. New energy materials, titanium / zirconium / nickel / magnesium / lithium and other special alloy materials, special non-metallic materials, special rubber materials, high silica glass fiber, superalloys, 3D printing materials, superconducting materials, special ceramics, graphene, wave-absorbing materials, energetic materials and other new materials are developed and produced. VI. Gansu Province Development and production of high performance magnesium and titanium alloys. 7. Qinghai Province 1. Comprehensive utilization of salt lake resources such as potassium, sodium, magnesium, lithium, boron, strontium, bromine, iodine, rubidium and cesium, development of series products and utilization of by-products (except restricted and eliminated projects in the guidance Catalog of Industrial structure Adjustment). two。 Magnesium chloride hexahydrate (MgCl2 ·6H2O) was continuously dehydrated to produce anhydrous magnesium chloride. 3. Development and production of high performance magnesium alloy. 8. Ningxia Hui Autonomous region Development and production of high performance magnesium alloy. 9. Xinjiang Uygur Autonomous region (including Xinjiang production and Construction Corps) 1. Foundry, forging, heat treatment, surface treatment and other basic process specialized services (except for the restricted and eliminated projects in the guidance Catalog of Industrial structure Adjustment). two。 Automobile manufacturing, special vehicle manufacturing, automobile key parts production. Inner Mongolia Autonomous region Complete vehicle manufacturing, special-purpose vehicles (excluding ordinary trailers, dump trucks, vans and barn-grid cars) manufacturing. 11. Guangxi Zhuang Autonomous region Automobile manufacturing, special purpose vehicles (excluding ordinary trailers, dump trucks, tank trucks, vans and barrage cars) manufacturing, key auto parts and accessories manufacturing.