openPR Logo
Press release

China Introduces Surcharge on Electronic Waste; Manufacturing Sector Affected

09-18-2012 10:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nair & Co.

China Introduces Surcharge on Electronic Waste; Manufacturing

(Sunnyvale, CA)- Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20, 2012. The announcement with retrospective effect from July 1, 2012, declares that manufacturers delivering electronic goods in the country must make payment to the fund provisioned for disposal of electronic waste.

The SAT would be responsible for collections of the newly introduced charges. However, it should be noted that the export of electronic products is exempted from the ambit of this surcharge. Manufacturers have to file a special return for the same and must make the payment to local tax authority.

The surcharge would be applicable to each piece of electronic items as per the following rates:

*Surcharge for television - 13 CNY
*Surcharge for refrigerator - 12 CNY
*Surcharge for washing machine - 7 CNY
*Surcharge for air conditioning - 7 CNY
*Surcharge for compact calculator - 10 CNY
For more information on this topic email media@nair-co.com

Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.

Nair & Co.
1250 Oakmead Parkway, Suite 210
Sunnyvale, CA 94085, U.S
+1 408.515.6887

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release China Introduces Surcharge on Electronic Waste; Manufacturing Sector Affected here

News-ID: 236388 • Views:

More Releases for CNY

Geely Auto Reports Record 2025 Revenue of CNY 345.2 Billion and 3.02 Million Veh …
* Revenue reached an all-time high of CNY 345.2 billion (up 25% YoY), with core net profit rising 36% to CNY 14.41 billion. * Total global deliveries hit 3.02 million vehicles. New Energy Vehicle (NEV) sales surged 90% YoY to 1.68 million units. * Under the "One Geely" strategy, Geely Galaxy sales grew 150% to 1.24 million units, becoming the fastest NEV brand to reach one million annual sales. * Geely's G-ASD became
Wuxi TAKELO Machinery Wins Pipe production line Project Worth Over CNY 30 Millio …
Wuxi TAKELO Machinery Co., Ltd. [https://www.tklmachinery.com/contact-us/] has secured a landmark procurement contract from Jiangsu Puteng Oil & Gas Equipment Co., Ltd. for a complete manufacturing production line, with the contract value exceeding CNY 30 million. The awarding ceremony was held at Puteng's workshop in Nantong, attended by TAKELO's General Manager Mr.Zhou, marking a significant milestone in the two companies' strategic partnership and highlighting TAKELO's technical prowess in Casing&Tubing manufacturing. Project Overview: Advanced
China Cyber Security Market - which grew from approximately CNY Bn in 2017 to ap …
What is the Size of china cyber security INDUSTRY? China Cyber Security market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The China Cyber Security Market is largely driven by transaction data, improved internet services, cyber-attacks and blockchain cybersecurity. Also, the ability of cybercrimes to infiltrate, take control of, and harm entire electronic information networks has substantially risen thanks to malware
E-CNY Market Incredible Growth, Best Strategies, Future Industry Trends And Fore …
"Worldwide Market Reports offers 𝐔𝐩𝐭𝐨 𝟕𝟎% 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 on E-CNY Market Reports on Single User Access and Unlimited User Access" The report discusses everything a marketer requires before investing in the global E-CNY during the forecast period 2023-2030. It provides detailed insight into current trends, shares, size, and sales value and volume. The data used for this report is obtained from reliable industry sources, paid resources, and validated sources. This research works
Newsprint Market to See Huge Growth by 2027 | Tevada Publishing, Abibow US, Extr …
The latest update on Global Newsprint Market study provides comprehensive valuable insights on the market development activities demonstrated by industry players, growth opportunities and market sizing for Newsprint, complete with analysis by key segments, leading and emerging players and geographies (2021-2027). The 109 page study covers the detailed business overview of each profiled players, its complete research and market development history with latest news and press releases. The study helps
China Corrugated Box Market is Expected to Reach around CNY 390 Billion by 2022: …
• Increasing demand from electronics and consumer appliances segment followed by cosmetics will increase the reach of end users towards corrugated box manufacturers in China. • Different types of new technology, automatic and semi-automatic corrugating box machines with advanced technology, Automatic 4 color Flexo Printer, Automatic 3 color Flexo Printer Slotter Rotary Die Cut, Semi automatic Stitching machines, Twin Head Semi-Auto Sticher and Automatic Glue kitchen have taken over the market in