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China Announces a 4% Consumption Tax on Lead-Acid Batteries

Release time:2015-01-29

Jan 28, 2015 03:55 GMT   Source:SMM

 

 

SHANGHAI, Jan. 28 (SMM) – China will impose a 4% consumption tax on lead -acid batteries starting from January 1, 2016, according to an announcement issued by the Ministry of Finance.

The announcement says China will levy consumption tax on batteries, but Ni-MH battery, lithium-ion battery, lithium primary battery, and solar cell are exempted from the tax.
 

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