VAT on renewable resources, to inform policy - renewable resources, recycled paper - Paper Industry

VAT on renewable resources, to inform policy Fiscal [2008] 157 Provinces, autonomous regions, municipalities, separately listed cities (bureaus), the State Taxation Bureau, Ministry of Finance in all provinces, autonomous regions, municipalities, separately listed cities Financial Ombudsman Office, the Finance Bureau of Xinjiang Production and Construction Corps:

Order to promote the recycling of renewable resources, promote renewable resources, recycling industries healthy development, resource conservation, environmental protection, promote tax fairness and tax norms, approved by the State Department decided to adjust the use of renewable resources recovery and value-added tax policy now notice the following:

First, abolish the "Waste Recycling business units Sell The acquisition of the waste materials are exempted from VAT "and" value-added tax general taxpayer manufacturers buy Waste Recycling business unit sales of scrap materials, recycling waste materials can be issued by operating units produced by the tax authorities of ordinary invoice amount, calculated by 10% to offset input tax "policy.

Second, sales of renewable resources, units and individuals shall be in accordance with "The People's Republic of China Interim Regulations on Value Added Tax" (hereinafter referred to as value-added tax regulations), "The People's Republic of China VAT Tentative Regulations" and the Ministry of Finance, State Administration of Taxation relevant provisions of the VAT. However, individuals (not including individual industrial and commercial households) sales have been used by used goods exempted from VAT. Value added tax general taxpayer purchase of renewable resources, it should be by virtue of the VAT regulations and rules, as deductible input tax credit document, the original marked "waste materials" invoices to stop using the word, not as a value-added tax deduction Tax deductible input tax certificate.

Third, in December 31, 2008, local tax authorities should be written off in the security business tax control system of "waste material business units," the file information, collection of invoices issued by companies not yet been re-approved enterprises VAT The maximum billing invoice amount and the maximum number of tickets, the sale of VAT invoices do the work.

4, in the end of 2010, value-added tax on the general taxpayers eligible to pay VAT on sales of renewable resources to implement the policy front-end retreat.

(A) the scope for tax policy, taxpayers. Refund policy for value-added tax general taxpayer should meet the following conditions: 1. In accordance with the "Renewable Resource Recovery Management Regulations" (Ministry of Commerce Order No. 8 of 2007) and Article VII, Article VIII should be filed to the departments concerned have been in accordance with the relevant provisions of the record;

2. A fixed renewable resources, storage, sorting, and processing facilities; 3. By Financial Settlement of the renewable resource sector sales total sales of renewable resources, the proportion of not less than 80%.

4. From January 1, 2007 onwards, not for breach of "The People's Republic of China Anti-Money Laundering Law," "The People's Republic of China Environmental Protection Law," "The People's Republic of China on Tax Collection and Administration Law," "The People's Republic of China invoices Regulations "or" renewable resources management approach, "subject to criminal punishment or above the county level industrial and commercial, business, Environmental protection , Taxation, public security organs corresponding administrative penalties (other than warnings and fines).

(B) the tax ratio. Meet the conditions of the taxpayers tax rebate of renewable resources to achieve 2009 sales of value-added tax, according to the proportion of 70% returned to the taxpayers; its renewable resources to achieve 2010 sales of value-added tax, according to the proportion of 50% returned to the tax people.

(C) refund to the taxpayers when, in addition to the relevant provisions of the relevant information submitted, shall submit the following information:

1. In accordance with the "Renewable Resource Recovery Management Regulations," Article VII, Article VIII shall be filed to the authorities, business registration issued by the competent department a copy of proof;

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