Collection of Precious Metals Fiscal and Taxation Policy Issues


Release time:

07 Jan,2022

At the end of 2021, the Ministry of Finance, the State Taxation Administration, and other departments successively issued two important financial and tax policies: the "Announcement on the Catalogue of Corporate Income Tax Preferences for Resource Comprehensive Utilization Enterprises (2021 Edition)" and the "Announcement on Improving the Value-Added Tax Policies for Resource Comprehensive Utilization (No. 40 of 2021)". These policies have a significant impact on enterprises engaged in precious metal recycling, leading to numerous consultations with our association. Currently, various interpretations are circulating in society, which are not recognized by the Ministry of Finance and may easily mislead enterprises.

To all relevant member units:

 

At the end of 2021, the Ministry of Finance, the State Administration of Taxation and other departments successively issued two important fiscal and tax policies, namely, the "Announcement on the Catalogue of Income Tax Preferential Policies for Comprehensive Utilization of Resources (2021 Edition)" and the "Announcement on Improving the Value-Added Tax Policy for Comprehensive Utilization of Resources (No. 40 of 2021)", which have a great impact on enterprises engaged in precious metal recycling and utilization, and they have consulted our association. At present, there are various interpretations in the society, which are not recognized by the financial department and can easily mislead enterprises.

 

Regarding how to correctly understand the new fiscal and tax policies, relevant member companies are requested to send the questions to our association in the form of documents. We will submit the collected questions to the financial and tax departments in a unified manner to obtain authoritative and formal interpretations.

 

Deadline for the collection: January 10, 2022

Email: info@cpmic.org

 

China Precious Metals Industry Committee of CRRA

January 7, 2022

 

 

 

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