Tianneng Group suggests optimizing lead battery industry financial and tax policies

Zhang Tianren, the Deputy to the National People's Congress and Chairman of Tianneng Group, suggested that the relevant departments of the state should adjust and optimize a series of financial and tax policies for the lead-acid battery industry: the relevant departments should reassess the implementation effect of consumption tax, cancel the tax items of lead-acid battery, or give the consumption tax return to the production enterprises that actively fulfill the producer responsibility extension system and "buy one after selling the former " according to the recovery amount/recovery rate, and increase financial and tax support for renewable smelting enterprises by recovering the return proportion of value-added tax of lead-acid battery renewable enterprises from 30% to 50%.

.Asian Metal CopyrightZhang Tianren, the Deputy to the National People's Congress and Chairman of Tianneng Group, suggested that the relevant departments of the state should adjust and optimize a series of financial and tax policies for the lead-acid battery industry: the relevant departments should reassess the implementation effect of consumption tax, cancel the tax items of lead-acid battery, or give the consumption tax return to the production enterprises that actively fulfill the producer responsibility extension system and "buy one after selling the former " according to the recovery amountrecovery rate, and increase financial and tax support for renewable smelting enterprises by recovering the return proportion of value-added tax of lead-acid battery renewable enterprises from 30% to 50%Asian Metal Copyright