How much impact did the "two taxes" have on the soft package industry?

软包装袋

In April, the news that the environmental protection tax levy and value-added tax will be reduced by 1% spread. Regarding the collection of environmental protection tax, some exaggerated chemical products will be derived from the news that the price will be fully ushered in. The policy changes have changed in the industry. There is always some uproar, so does the implementation of these two taxes have any impact on the plastic flexible packaging industry, and what is the impact?


First of all, the environmental protection tax. After the implementation of the Environmental Protection Tax Law, the sewage charging system that has been used for more than 40 years was changed to a more legally rigid environmental protection tax. The Environmental Protection Tax Law was implemented in early 2018. The tax law provides that the environmental protection tax The quarterly declaration marks the first levy period for environmental protection tax in April.


Regarding why the "fee" should be changed to "tax", the interpretation given by the Ministry of Environmental Protection is that the sewage charging system no longer adapts to the development trend of environmental protection. In the promotion of ecological civilization construction, the sewage fee system itself exposes many problems. For example, the levy standard is lower than the cost of pollution control. Some sewage companies prefer to pay the sewage fee rather than invest funds to improve production processes or carry out pollution control. Or, in the process of expropriation, local governments and relevant departments intervene, and there are phenomena such as agreement expropriation and arbitrary reductions and exemptions. For example, some pollutant discharge enterprises do not have to pay sewage charges due to "exemption under policy".


The value-added tax is reduced by 1%. For the products with a ton price of about 10,000 yuan per ton, the price difference per ton is about 100 yuan. According to the value-added tax, the market action gradually appeared in the early stage of the VAT reduction in April. Tax changes, the risk of hoarding goods in the market is relatively reduced. Based on the expectation that domestic maintenance will be concentrated in May, production will be reduced, and the bottom of the market will support more fully. Some middlemen will purchase inventory at reasonable prices and plan to ship to May. There is a flexible operating space of about 100 yuan / ton, and as the end of the month approaches, some merchants' quotations begin to appear at two different prices for invoicing in the month and invoicing in May.


In general, the impact of environmental protection tax on industry costs and market conditions have not changed much, but the value-added tax is reduced by 1%. During the change of the tax rate, some flexible operations have occurred in the market. The stocking in April is released to a certain extent in May. The supply of supply in the link is tight, and in the trend market, based on the current contradiction between plastic supply and demand, the value-added tax is reduced by 1%, which will have a certain inhibitory effect on the price of plastics. (The article is from Jinlianchuang)


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