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Posted On: 02/02/2015 7:35:13 AM
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Battery electric vehicles are exempt from excise tax is expected to reduce costs
The first electric network Roundup 2015-01-29 11:11:34
5
[Abstract] Ministry of Finance, State Administration of Taxation issued a notice that, since February 1, 2015, on the battery, paint consumption tax, but the lithium battery fuels are exempt from excise duty.
January 27, the Ministry of Finance, State Administration of Taxation issued a notice that, for the promotion of energy saving and environmental protection, with the approval of the State Council, since February 1, 2015, on the battery, paint consumption tax, but lithium batteries are exempt from fuel and other power consumption tax. Market participants pointed out that the high price of new energy vehicles, mainly due to the high cost of battery power, duty-free policy will help the new energy automotive industry chain cost reduction and efficiency.
Lead battery consumption tax deferment
According to the two departments issued "on the batteries, paint consumption tax notice" , since February 1, 2015, the batteries, paint included in the scope of consumption tax, in the production, processing and import levy, applicable tax rates are 4%.
The circular clearly, the original battery, the battery are within the scope of the levy; but for some types of batteries are exempt from excise duties, including: no mercury primary batteries, nickel metal hydride batteries (also known as "nickel-hydrogen battery," or "nickel-hydrogen batteries"
lithium primary batteries, lithium-ion batteries, solar cells, fuel cells and vanadium redox flow battery.
The notice also clear, December 31, 2015 to lead-acid battery consumption tax deferment; since January 1, 2016, the rate of lead-acid batteries 4% excise tax.
The batteries, paint consumption tax, is one of the elements 2015 consumption tax reform. Finance Minister Lou Jiwei in the previous meeting of the national financial work conference that 2015 will be a further adjustment of consumption tax levy, part of the tax rate, the high energy consumption, high pollution products and some luxury goods included in the scope of the collection.
Market participants pointed out that this year is expected to usher in a series of battery favorable policies, with tax concessions and subsidies to reduce costs and prices.
Leading battery is expected to benefit
The lithium battery fuels are exempt from excise duty, will help reduce the price threshold of new energy vehicles.
Cinda Securities research report pointed out that currently, the camel stock car start battery domestic market share. The whole industry chain layout plus equipment and technology advantages, making camel stock products with the relative cost advantage; the next cycle of economic system with the establishment of the company, the overall cost advantages will become more apparent. In addition, new products Camel shares start and stop AGM battery (equivalent to micro-mixing new energy automotive batteries) has achieved initial results, and actively layout of the new energy automotive business, the company began with the end of 2013 for the joint development of Dongfeng Motor city bus power lithium battery . Camel lithium battery business is expected to speed up the layout of shares by means of acquisitions and cooperation.
China Merchants Securities, said BYD market experienced in 2014 to pave the way, whether they are new energy buses K9, or plug-in hybrid "Qin" has achieved a leading position in the market. BYD's battery has been plagued by production bottlenecks, with the company in 2015 will also be the new planning cell production capacity coming on stream to be resolved.
Battery electric vehicles are exempt from excise tax is expected to reduce costs
The first electric network Roundup 2015-01-29 11:11:34
5
[Abstract] Ministry of Finance, State Administration of Taxation issued a notice that, since February 1, 2015, on the battery, paint consumption tax, but the lithium battery fuels are exempt from excise duty.
January 27, the Ministry of Finance, State Administration of Taxation issued a notice that, for the promotion of energy saving and environmental protection, with the approval of the State Council, since February 1, 2015, on the battery, paint consumption tax, but lithium batteries are exempt from fuel and other power consumption tax. Market participants pointed out that the high price of new energy vehicles, mainly due to the high cost of battery power, duty-free policy will help the new energy automotive industry chain cost reduction and efficiency.
Lead battery consumption tax deferment
According to the two departments issued "on the batteries, paint consumption tax notice" , since February 1, 2015, the batteries, paint included in the scope of consumption tax, in the production, processing and import levy, applicable tax rates are 4%.
The circular clearly, the original battery, the battery are within the scope of the levy; but for some types of batteries are exempt from excise duties, including: no mercury primary batteries, nickel metal hydride batteries (also known as "nickel-hydrogen battery," or "nickel-hydrogen batteries"
lithium primary batteries, lithium-ion batteries, solar cells, fuel cells and vanadium redox flow battery. The notice also clear, December 31, 2015 to lead-acid battery consumption tax deferment; since January 1, 2016, the rate of lead-acid batteries 4% excise tax.
The batteries, paint consumption tax, is one of the elements 2015 consumption tax reform. Finance Minister Lou Jiwei in the previous meeting of the national financial work conference that 2015 will be a further adjustment of consumption tax levy, part of the tax rate, the high energy consumption, high pollution products and some luxury goods included in the scope of the collection.
Market participants pointed out that this year is expected to usher in a series of battery favorable policies, with tax concessions and subsidies to reduce costs and prices.
Leading battery is expected to benefit
The lithium battery fuels are exempt from excise duty, will help reduce the price threshold of new energy vehicles.
Cinda Securities research report pointed out that currently, the camel stock car start battery domestic market share. The whole industry chain layout plus equipment and technology advantages, making camel stock products with the relative cost advantage; the next cycle of economic system with the establishment of the company, the overall cost advantages will become more apparent. In addition, new products Camel shares start and stop AGM battery (equivalent to micro-mixing new energy automotive batteries) has achieved initial results, and actively layout of the new energy automotive business, the company began with the end of 2013 for the joint development of Dongfeng Motor city bus power lithium battery . Camel lithium battery business is expected to speed up the layout of shares by means of acquisitions and cooperation.
China Merchants Securities, said BYD market experienced in 2014 to pave the way, whether they are new energy buses K9, or plug-in hybrid "Qin" has achieved a leading position in the market. BYD's battery has been plagued by production bottlenecks, with the company in 2015 will also be the new planning cell production capacity coming on stream to be resolved.
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