Plastic Bottles Turn into Bottle Flakes, One Enterprise Accumulates 200,000 in Tax Refunds

To implement the tax incentive policy for the comprehensive utilization of resources and promote the green and low-carbon development of the recycling industry, the Huishui County Taxation Bureau recently visited Guizhou Hengshenghua Environmental Protection Technology Co., Ltd. to provide "point-to-point" policy guidance, offering tangible tax support for plastic recycling and regeneration enterprises.

In the company's production workshop, waste plastics are sorted, crushed, and reprocessed to be transformed into recycled polyester fibers that can be used in the textile industry, achieving a high-value cycle of "plastic-fiber." The enterprise reflects that the current cost of raw material recovery is high, market competition is fierce, and operational pressure is considerable.

Tax officials interpret the tax incentives that are of general concern to the industry: the production of recycled polyester fiber using waste plastics can enjoy the VAT refund policy upon collection, with a tax refund rate of up to the eligible percentage.50%Income derived from the production of products using the resources listed in the "Corporate Income Tax Preferential Catalogue for Comprehensive Resource Utilization" as the main raw materials by enterprises.Reduce by 10%Included in taxable income. These two policies directly reduce the tax burden on enterprises and enhance cash flow.

According to statistics, this company has currently benefited from the immediate refund of VAT upon collection.Over 200,000 yuanThe effect of tax support is significant.