On the 26th, the Malaysian government will levy an import tax on plastic waste all over the Chinese and foreign media.
According to informed sources in the waste plastics industry in Malaysia, a number of new government initiatives have left the industry in a 'chaos' and look forward to dialogue with relevant government departments to find solutions to problems.
The Minister of Housing and Local Government Zuleda (2 on the left in the upper right) and Xu Laixian (left from the left) on the Selangor Executive Council visited the local foreign garbage factory on Tuesday (25th).
According to a report by the Malaysian media on September 25, Malaysian Minister of Housing and Local Government Zulida went to a number of sealed foreign garbage factories in Gualiang County, Selangor, and said that it will impose RM15 on foreign garbage from October 23. Tons (RMB, about 25 yuan / ton) import tax.
Zulida told the media that in addition to the charges, the Ministry will also enact a more stringent application permit permit. Applicants must indicate the company that is being imported, the company that is exported, and the number of entries and exits to allow the authorities to have more information to ensure The operator is operating properly. Applicants must also obtain approval from the Environment Bureau, Occupational Safety and Health Administration.
There are currently 234 entry permits in Malaysia, and only 114 have transactions. Of the 114 permits, only 51 have been certified by the Industrial Development Board. After the import permit is released on October 23, all new applicants must In line with the new regulations.
It is understood that recently, the Malaysian government announced the re-launch of 'sales service tax' (SST) to replace GST (sales tax), about 40% of goods and services will be taxed. Sales tax rate is 5%-10% The service tax rate is 6%.
According to the 2018 Sales Tax Act, registered or registered companies that produce, sell, use or dispose of goods in Malaysia with annual sales exceeding RM500,000 are required to pay taxes as required. Imported raw materials are subject to 5 % sales tax, importing finished products requires a 10% tax.
According to informed sources in the industry, Malaysia's tax reform, manufacturers and importers are the focus of taxation. For waste plastics processing enterprises that rely on raw material imports, the equivalent cost increases by 10%.
Taxation, plus strict regulations and additional conditions, make the waste plastics industry overwhelmed.
According to informed sources in the waste plastics industry in Malaysia, the relevant authorities in Malaysia will convene relevant units to discuss and discuss next week, and expect the government to make some adjustments in a timely manner based on the feedback from the public.