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Online CBA: Are Imported Batteries and Coating Materials Subject to Consumption Tax?

Photo: batteries
Photo: batteries

Q: Are Imported Batteries and Coating Materials Subject to Consumption Tax?

A: In a move to promote energy saving and environmental protection, starting from 1 February 2015 China levies consumption tax on batteries and coating materials in the course of their production, commissioned processing and import, at an applicable rate of 4%.

Mercury-free primary cell, nickel-metal hydride battery, lithium primary cell, lithium-ion battery, solar energy cell, fuel cell and vanadium flow battery are exempted from consumption tax.

Levying of consumption tax on lead storage battery, at a rate of 4%, is deferred to 1 January 2016.

Consumption tax on coating materials with a content of volatile organic compounds (VOC) at or less than 420g/litre is waived.

(The HKTDC provides one-on-one China Business Advisory Service free of charge to assist companies in resolving problems encountered when doing business in China. For enquiries and appointments, please call (852) 1830 668 or register online.)

Content provided by Picture: HKTDC Research