"Two taxes" implementation of the impact of plastic enterprises geometry

Since April, with the news that the environmental protection tax began to be levied and the value-added tax will be reduced by 1%, policy changes have also stirred up a fierce reaction in the industry. So how will the implementation of the "two taxes" affect the plastics industry? What is the impact?

First of all, environmental protection tax. The Environmental Protection Tax Law was implemented in early 2018. The tax law stipulates that environmental protection tax is declared on a quarterly basis. In April, environmental protection tax ushered in the first levy period. The most important purpose of changing "fees" to "taxes" is not to obtain financial income, but to establish a mechanism of "enterprise pays more tax and pay less, pay less tax and pay less" mechanism, through rigid tax to force high pollution and high energy consumption enterprises Upgrade. In recent years, with the country's emphasis on environmental protection, companies have actively responded to various environmental protection requirements in production. At present, the implementation of environmental protection tax has little impact on the well-regulated polyolefin industry, so the collection of environmental protection tax will greatly increase the number of enterprises The cost, and thus the argument passed on to the product, is untenable.

In terms of value-added tax, from May 1, 2018, the value-added tax rate of manufacturing and other industries will be reduced from 17% to 16%, and the value-added tax rate of goods such as transportation, construction, basic telecommunications services and agricultural products will be reduced from 11 % Is reduced to 10%. VAT is reduced by 1%. For polyolefin products with a ton price of about 10,000 yuan, the price difference for each ton is about 100 yuan according to different VAT prices.

In the early stage of VAT reduction in April, market action gradually appeared. Based on the changes in VAT, the risk of hoarding goods in the market was relatively reduced. Based on the expected concentration of domestic overhaul in May, the output was reduced, and the bottom of the market was expected to support more fully. The purchase of inventory at a price source is planned to be shipped in May. At that time, there will be about 100 yuan / ton of flexible operation space, and as the end of the month approaches, some merchants' quotations begin to appear in 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 changes have not changed, but the value-added tax is reduced by 1%. During the change of the tax rate, some flexible operations in the market have occurred. The stocking in April may be 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 the supply and demand of plastics, the value-added tax is reduced by 1%, which will have a certain inhibitory effect on the price of plastics.