Home / Metal News /  / China NPC Member Suggests Exempting or Delaying Battery Consumption Tax
China NPC Member Suggests Exempting or Delaying Battery Consumption Tax
Mar 16,2016 13:23CST
industry news
Source:SMM
Lead-acid battery consumption tax should be delayed and even exempted in China to help relieve downward pressure faced by battery industry.

SHANGHAI, Mar. 16 (SMM) – Lead-acid battery consumption tax should be delayed and even exempted in China to help relieve downward pressure faced by battery industry, China’s NPC representative Liu Baosheng said.

Lead-acid batteries are characterized by high safety, stead performance, wide application and low recycling costs. Scrap lead-acid batteries basically can be fully recycled and use rate of lead is above 95%, Liu added.  

Chinese lead-acid battery producers registered below 4% profits during January-February 2015. The 4% battery consumption tax, effective from January 1, 2016, will certainly lead to loss-making in the whole industry, which will hurt battery makers’ producing interest.

Liu also advised to quicken enterprises’ structure adjustment and product upgrade through tax and fee system, such as giving value-added tax subsidy to those enterprises who abide by extended producer responsibility system. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


lead-acid battery
lead-acid battery producers
battery consumption tax

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    timeApr 28, 2020 21:34timezoneCST
    timeApr 28, 2020 19:42timezoneCST
    timeApr 28, 2020 19:34timezoneCST
    timeApr 28, 2020 18:54timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 17:54timezoneCST
    timeApr 28, 2020 18:24timezoneCST
    timeApr 28, 2020 16:51timezoneCST
    timeApr 28, 2020 16:38timezoneCST