Since April, the introduction of environmental taxes and value-added tax (VAT) has been reduced by 1%. Changes in the policy have evoked ripples in the industry. What impact will the implementation of the 'two taxes' have on the plastics industry?
First of all, the environmental protection tax, the “Environmental Protection Tax Law” is implemented in early 2018. The tax law stipulates that environmental protection tax be declared on a quarterly basis, and the first levy on environmental protection tax in April. The most important purpose of “remuneration” to “tax” is not In order to obtain fiscal revenue, a mechanism for 'many companies to pay more taxes and pay less tax and pay less tax' is adopted. Through rigid taxes, high pollution is forced on, and high-energy-consuming enterprises are transformed and upgraded. In recent years, as the country attaches importance to environmental protection, The company responds positively to various environmental protection requirements during production. At present, the implementation of environmental taxes has little impact on the well-regulated polyolefin industry. Therefore, the introduction of environmental taxes will significantly increase the cost of the enterprise, and the transfer to the product is invalid.
From VAT, from May 1, 2018, the value-added tax rate of the manufacturing industry and other industries was reduced from 17% to 16%. The value-added tax rate for goods such as transportation, construction, basic telecommunications services, and agricultural products was from 11 % to 10%. Value-added tax is reduced by 1%. For a product with a ton price of polyolefin products around RMB 10,000 per ton, there is a difference of approximately RMB 100 per ton of value-added tax. In April, when the value-added tax decreased, the market The actions gradually emerged. Based on the changes in value-added tax, the market's risk of stock-removal was relatively reduced. Based on the domestic overhaul in May, the output decreased, and the bottom of the market supported more than expected, some middlemen will purchase stocks at appropriate prices, and plans to go to May. Shipments, there will be about 100 yuan / ton flexible operating space, and with the end of the month approaching, some merchants offer began to appear in the month billing and billing in May two different prices.
In general, the impact of the environmental tax levy on the industry cost and market conditions has changed little, but the value-added tax has been reduced by 1%. Some flexible operating conditions have occurred in the market during the handover of the tax rate change. In April, the stock was released in May or to some extent. The supply situation of the supply chain is tight, and in the trend market, based on the current contradiction between plastic supply and demand, the value-added tax is reduced by 1%, which will have a certain degree of inhibition on plastic prices.