The State Council introduced further tax cuts involving natural rubber

　　According to the Chinese government network news, Premier Li Keqiang chaired a State Council executive meeting on April 19th, the meeting decided to introduce further tax cuts, and continue to promote the real economy to reduce costs and stamina. The meeting decided that from July 1st this year, the value-added tax rate from four to 17%, 11% stalls and 6% stalls, 13% tax rate will be canceled; agricultural products, natural gas and other value-added tax rate from 13% to 11%. At the same time, deep processing of agricultural products to buy agricultural products to maintain the original deduction of the same intensity, to avoid the increase in the tax deduction due to reduced input.

　　According to the Ministry of finance, the State Administration of Taxation [1995]52 document, agricultural products refers to the planting, aquaculture, forestry, animal husbandry, aquaculture production of a variety of plants, animals, primary products. The scope of tax collection of agricultural products includes: (ten) forestry products are forest products, such as trees, shrubs and bamboo plants, as well as natural rubber, natural rubber.

　　Roughly, the State Council move involving natural rubber, natural rubber products in terms of domestic is a relatively good news. The value added tax of natural rubber will be reduced from 13% to 11%, which will reduce the VAT cost of production enterprises, such as gum, Yunnan state farms, Guangdong state farms, etc.. At present, the market has not yet been announced that the import of natural rubber VAT will also change, in this context, the domestic natural rubber or in the market circulation has a price advantage. In addition, the policy mentioned in the "agricultural products processing enterprises purchase of agricultural products to maintain the original net strength unchanged, avoid the deductible and decreases tax burden, in a certain period of time may produce 11 tax deductible input tax of 13 points but may, or beneficial to digest inventory.

　　On the current market situation, the news of the glue market did not have a substantial impact. Value added tax from 13% to close to 11%, referring to the current market price of domestic made latex, VAT cost is only reduced by about $200 / ton, the value of the VAT difference of 200 yuan / ton. It should be noted that the difference between domestic and imported glue to expand the tax difference, or have a certain impact on the trader.

Since the relevant rules have not yet introduced, the impact of the market outlook need to continue to focus on.

　　Quanzhou Tesla Polymer Technology Co., Ltd., founded in April 2014, specializing in rubber chemical raw materials sales and technical services. The company and domestic major research institutes and foreign chemical plant to carry out technical cooperation, professional production and sales of various rubber chemical raw materials, and strive to provide customers with quality products.

　　My company adhering to the "scientific and technological innovation, professional service" service concept, the company's business personnel have solid professional knowledge theory and rich practical experience, through the efforts of all staff and industry support over the years, our company has established a sales network and customer service technical service system perfect.

　　The company fully implement the ISO9001:2000 quality management system, the agent, the production of raw materials manufacturers have passed ISO9001 certification, to ensure that the product in the production process quality control. We sincerely hope that the service, integrity management, to promote common development and prosperity.