China Announces a 4% Consumption Tax on Lead-Acid Batteries

Jan 28, 2015 11:55

Source:SMM

China’s lead-acid batteries will be taxed at a rate of 4% starting from January 1, 2016, according to an announcement issued by the Ministry of Finance.

SHANGHAI, Jan. 28 (SMM) – China will impose a 4% consumption tax on lead-acid batteries starting from January 1, 2016, according to an announcement issued by the Ministry of Finance.

The announcement says China will levy consumption tax on batteries, but Ni-MH battery, lithium-ion battery, lithium primary battery, and solar cell are exempted from the tax.

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China Announces a 4% Consumption Tax on Lead-Acid Batteries

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