What are the tax policies for renewable energy companies?
Tax experts said that in the future of China's tax revenue to strengthen energy conservation and environmental protection, will play a very important role. China's current tax policies and measures in this regard summed up the following aspects:
The national development and Reform Commission had issued the "renewable energy and long-term development plan" put forward, to 2020 the proportion of renewable energy in the energy structure to reach 16%, the proportion is still less than 1%. plan to increase financial input, the implementation of preferential tax policies "set down as a principle of the development and utilization of renewable energy.
First, there is no exemptionThe development and utilization of support for renewable energy, energy consumption structure for improving our country's great significance, with the speeding up of the rapid economic development and energy consumption, China's renewable energy development and utilization of tax policies to support increased year by year.The vat has 5 main: since January 1, 2001, belonging to the biomass energy waste generation implementation of VAT refund policy; since January 1, 2001, the wind power generation value-added tax levied policy; since 2005, the denatured fuel ethanol production and marketing enterprises designated state approval of the sale of VAT refunds; in the county the following small hydroelectric power production units, according to a simplified method in accordance with the 6% tax rate to calculate VAT; VAT rebate policy for hydropower enterprises.Consumption tax, since 2005, the state approved the production and sales of fixed-point fuel ethanol production enterprises to be exempted from the consumption tax policy. Part of the tax preferential policies, although only applicable to individual enterprises, but played a good role model.
