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good news! Environmental companies also have these preferential policies

来源:慧聪水工业网 作者: 阅读:8708 网友评论0 Updated: 2019-04-09 14:08 Source: HC Water Industry Network Author: Read: 8708 2010 0 comments

At this year ’s NPC and CPPCC meetings, the reduction in value-added tax appeared in the government work report. From April 1, the value-added tax was officially reduced. The executive meeting of the State Council on March 20 made it clear that "from January 1, 2019 to the end of 2021, corporate income tax will be levied at a reduced rate of 15% on third-party companies engaged in pollution prevention."
This move has a lot of benefits for environmental protection enterprises. The implementation of tax preferential policies for environmental protection industries is in line with China's green development strategy and tax preferential principles. Then, what kind of tax preferential policies does the environmental protection industry have and how to make good use of these policies?
Previously, the Environmental PPP Center of the Environmental Planning Institute of the Ministry of Ecology and Environment conducted 73 questionnaire surveys and interviews on the implementation of preferential tax policies for environmental protection enterprises on 73 environmental protection enterprises. The survey results show that environmental protection enterprises are generally satisfied with various preferential tax policies, but there are also many problems, both general problems in China's tax system and environmental problems. The survey also put forward targeted policy recommendations for this purpose.
Starting from this issue, this newspaper has launched a series of talks on industrial taxation, which will explore the environmental protection industry and taxation related topics in three phases.
Recently, a series of tax reduction and exemption policies have brought benefits to the environmental protection industry. In particular, it is expected that third-party governance companies will increase investment in technology research and development.
The implementation of preferential tax policies for environmental protection industries is in line with China's green development strategy and tax preferential principles. It is an important measure to give full play to the role of tax economic leverage, promote the development of environmental protection industries, support high-quality economic development and high-level protection of the ecological environment. Environmentally friendly enterprises can benefit from their preferential tax policies, which is conducive to their own development and more conducive to realizing their value and mission in the high-quality economic development.
good news! Environmental companies also have these preferential policies
Tax incentives for environmental technology and equipment
Including VAT and corporate income tax
Value-added tax is exempt for income generated by technology R & D and service business; the corresponding enterprise income tax is exempted for technology transfer income below 5 million yuan
China's environmental protection industry can be divided into three parts: environmental protection technology and equipment (products), environmental services and comprehensive utilization of resources. According to China's current tax system, the preferential tax policies enjoyed by environmental protection enterprises in China mainly include tax exemption, immediate rebate, tax credits, tax deductions, additional deductions, deducted income, accelerated depreciation, and low tax rates.
Tax incentives for environmental protection technologies and equipment include: In terms of value-added tax, the income generated from the provision of technology research and development and service operations is exempted from the corresponding value-added tax. VAT and customs duties are waived on imported major waste gas, wastewater treatment, sludge treatment and other major technical equipment and their key parts and components, including 17 types of large-scale environmental protection and comprehensive resource utilization equipment. Environmentally-friendly technical equipment and products such as air pollution control equipment such as wet electrostatic precipitators, wastewater treatment equipment, and comprehensive resource utilization equipment. The input tax on an enterprise's purchase or self-made fixed assets can be deducted from the output tax based on relevant documents.
In terms of corporate income tax, the corresponding income tax is exempted for technology transfer income of less than 5 million yuan. The enterprise purchases and actually uses the “Enterprise Income Tax Preferential Catalogue of Special Equipment for Energy Saving, Water Conservation and Environmental Protection (2017 Edition)” (including water pollution prevention equipment, air pollution prevention equipment, soil pollution prevention equipment, solid waste disposal equipment, and environmental monitoring instruments There are 24 types of equipment in the six major categories of instrumentation, noise and vibration control) and the “Environmental Income Tax Preferential Catalogue of Special Equipment for Safe Production” stipulated that certain amounts of investment in special equipment such as environmental protection, energy conservation, water saving, and safety in production shall be subject to a tax credit. The research and development expenses incurred in the development of new technologies, new products, and new technologies for small and medium-sized technological enterprises will be deducted. Faster product replacements and fixed assets that are subject to strong vibration and high corrosion throughout the year can enjoy reduced depreciation periods or accelerated depreciation benefits. According to the Notice of the Ministry of Finance and the State Administration of Taxation on the Deduction of Equipment and Appliances Related to Enterprise Income Tax Policies (Caishui [2018] No. 54), some equipment and appliances investments can enjoy accelerated depreciation preferential policies.
Tax incentives for comprehensive utilization of resources
Involving value-added tax, corporate income tax, resource tax, etc.
Enjoy 100%, 70%, 50%, and 30% VAT refunds based on the situation. Enterprises that discard resources as the main raw material will be reduced to 90% of the total income for the year under the specified circumstances.
In terms of value-added tax, according to the Catalogue of Value-added Tax for Comprehensive Utilization of Resources and Labor Services (Caishui [2015] No. 78), heat or electricity produced using waste and agricultural and forestry residues as fuel, and electricity produced using industrial waste gas as raw material 1. Enjoy 100% preferential policy for thermal power immediately upon collection; 70% of VAT will be applied for comprehensive utilization of waste residue, industrial sludge, waste gas, construction materials, cement, biodiesel and other products; comprehensive production of self-produced and sold waste Products companies will receive a 50% discount on immediate requisition; companies engaged in the dismantling and utilization of electronic waste, waste catalysts, electroplating waste smelting and purification, etc. will implement a 30% discount on immediate requisition.
In terms of corporate income tax, in accordance with the “Notice of the State Administration of Taxation on the Management of Corporate Income Tax Preference for Comprehensive Utilization of Resources” (Guo Shui Han [2009] No. 185), the resources specified in the Catalog of Corporate Income Tax Preference for Comprehensive Utilization of Resources (2008 Edition) are used as resources For enterprises with major raw materials, the income from the production of products that comply with the state's non-restriction and prohibition and meet the relevant national and industry standards is reduced by 90% into the total revenue for the year.
In terms of resource tax, according to the “Notice of the State Administration of Taxation of the Ministry of Finance on Comprehensively Promoting the Reform of the Resource Tax” (Caishui [2016] No. 53), and the “Notice of the State Administration of Taxation of the Ministry of Finance on Specific Policies on Resource Tax Reform” (Finance and Taxation [2016 ] No. 54). For mineral products extracted using waste rock, tailings, waste residue, waste water, waste gas, etc., the provincial people's government will determine whether to grant tax reductions or exemptions according to the actual situation: taxpayers mining and selling co-associated mines, If the sales of ore and main mineral products are separately accounted for, the resource tax will not be levied on the associated ore for the time being.
Environmental service tax benefits are these
Including garbage treatment, sludge treatment and disposal labor services, sewage treatment labor services are subject to 70% VAT refund and immediate rebate; corporate income tax is “three exemptions, three reductions and half reductions”, and third-party enterprises are levied at a 15% tax rate, etc.
In terms of value-added tax, on June 12, 2015, the Ministry of Finance and the State Administration of Taxation issued a notice on the Catalogue of Value-added Taxes for Comprehensive Utilization of Resources and Labor Services (Caishui [2015] No. 78) on the treatment of garbage and sludge. The labor and sewage treatment labors enjoy a policy of 70% VAT refund and immediate refund. The Notice of the Ministry of Finance and the State Administration of Taxation on the Value-added Tax Policies on Sewage Treatment Fees (Caishui [2001] No. 97) proposes that the sewage treatment fees collected by waterworks (companies) commissioned by water authorities (companies) at all levels of government and competent departments are exempted, and are exempt. Levy of VAT.
With regard to corporate income tax, Article 88 of the Implementation Regulations of the Enterprise Income Tax Law of the People's Republic of China stipulates that eligible environmental protection, energy saving and water saving projects include public sewage treatment, public waste treatment, comprehensive development and utilization of biogas, energy conservation and emission reduction. Technological transformation, seawater desalination, etc. enjoy the "three exemptions, three reductions and half" income tax concessions. The income tax rate of high-tech enterprises identified as high-tech enterprises can be reduced to 15%, and the third-party enterprises engaged in pollution prevention and treatment shall be levied a corporate income tax of 15%. Eligible small and small-profit enterprises can pay corporate income tax at a rate of 20% based on the annual tax income scale minus 25% or 50% of the income.
In terms of environmental protection tax, in accordance with the "Environmental Protection Tax Law of the People's Republic of China," the urban and rural sewage centralized treatment and domestic garbage centralized treatment establishments set up according to law discharge corresponding taxable pollutants, which do not exceed the national and local discharge standards; If solid waste that meets national and local environmental protection standards is temporarily exempted from environmental protection tax.
Special companies also have support
Corporate income tax is reduced at a 15% tax rate for encouraged industrial enterprises located in the western region; venture capital enterprises and angel investment individuals can enjoy preferential tax policies for income tax credits
With regard to the income tax for encouraged industries in the western region, from January 1, 2011 to December 31, 2020, the enterprise income tax for encouraged industries located in the western region will be reduced at a 15% tax rate. Encouraged industrial enterprises refer to the enterprises whose main business is the industrial projects specified in the Catalog of Encouraged Industries in the Western Region, and whose main business income accounts for more than 70% of the total enterprise income.
In terms of personal income tax, venture capital enterprises and angel investment individuals can enjoy preferential policies for income tax credits. Scientific research institutions, institutions of higher learning, or award-winning personnel who convert their scientific and technological achievements into shares and investment proportions will not levy personal income tax for the time being. Technologists obtain cash rewards for personal income tax benefits by converting scientific and technological achievements into positions. Deferred tax incentives for non-listed companies and equity incentives for listed companies. According to Article 4 (1) of the "Personal Income Tax Law of the People's Republic of China", science, education, technology, culture, health, Bonuses in sports and environmental protection are exempt from personal income tax.
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