China Announces a 4% Consumption Tax on Lead-Acid Batteries
China will impose a 4% consumption tax on lead -acid batteries starting from January 1, 2016
BEIJING (SMM): China will impose a 4% consumption tax on lead -acid batteries starting from January 1, 2016, according to an announcement issued by the Ministry of Finance.
The announcement says China will levy consumption tax on batteries, but Ni-MH battery, lithium-ion battery, lithium primary battery, and solar cell are exempted from the tax.
Courtesy: www.metal.com
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