Can the hottest construction machinery value-added

2022-08-02
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Construction machinery: can the value-added tax transformation bring opportunities

construction machinery: can the value-added tax transformation bring opportunities

China Construction Machinery Information

Guide: the value-added tax transformation refers to the transformation from production-oriented to consumption-oriented value-added tax, that is, the amount of fixed assets purchased by enterprises is allowed to be deducted from sales. It is generally believed that this move can greatly reduce the burden on enterprises and avoid double taxation. China's value-added tax reform in 2004 in the northeast region of the eight

the transformation of value-added tax refers to the transformation from production-oriented to consumption-oriented value-added tax, that is, the amount of fixed assets purchased by an enterprise is allowed to be deducted from sales. It is generally believed that this move can greatly reduce the burden on enterprises and avoid double taxation

Simon Evans, global safety, health and environment manager of Victrex company, said that China's value-added tax transformation reform has been piloted in eight industries in Northeast China since 2004. In 2007, the pilot scope was expanded to 26 cities in six provinces in Central China. In July and August this year, five cities (leagues) in eastern Inner Mongolia and areas severely affected by the Wenchuan earthquake were successively included in the pilot reform of value-added tax transformation. Insiders believe that the pilot value-added tax reform has brought development opportunities to the machinery industry

at present, the tax rate of China's production-oriented value-added tax is 17%. Some data show that if it is converted into consumption oriented value-added tax, the tax rate should be 23%. In general, the double tax may reach 6%

according to the data previously released by the national development and Reform Commission, in July this year, the added value of China's machinery industry increased by 17.4% year-on-year; The value of export delivery increased by 20.9%. In January this year, the added value of the machinery industry increased by 21% year-on-year, 3 percentage points lower than that of the same period last year; The export delivery value was 809.1 billion yuan, up 25.6%, down 8.5 percentage points. From this point of view, the actual demand for mechanical products is falling, and the desire to stimulate demand is more urgent than ever before

some insiders believe that after the implementation of the transformation plan, enterprises have greater enthusiasm to invest in fixed assets such as machinery and equipment, so as to improve the competitiveness of products. In view of the positive role of the computer value-added tax transformation in adjusting the industrial structure and the fact that the economic growth rate is declining, it is expected that the value-added tax transformation will probably be implemented nationwide in 2009, so as to further encourage enterprises to invest in advanced equipment

according to the historical experience of South Korea and other countries, before the per capita GDP reaches US $8000 and the urbanization rate reaches 70%, it is a stage of rapid growth of fixed asset investment. According to China's current per capita GDP and urbanization rate, China's fixed asset investment can maintain an average annual growth rate of 20% in the next decade, which is still the golden development period of the construction machinery industry. Shenyin Wanguo hulimei eelcee company won the JEC innovation award during the JEC Asia Exhibition. It is estimated that in the next few years, the average annual growth rate of the sales scale of the construction machinery industry is expected to reach about 4%

however, some researchers believe that the transformation of value-added tax has led to more concentration of machinery and equipment purchased by enterprises on basic equipment and general equipment, while special equipment for construction projects such as construction machinery may benefit less

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