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Home > News > Valuable News > Tax Reduction and Fee Reduction Aid Grassland Coal Enterprises' Transformation

Tax Reduction and Fee Reduction Aid Grassland Coal Enterprises' Transformation

ECHEMI 2019-08-13

green-industry

Mention of coal enterprises, often reflected in the mind is the picture of coal cinder all over the ground, dust all over the sky. But not long ago, when reporters visited two coal enterprises in Erdos, Inner Mongolia, they saw that the open-pit coalfield was neat and uniform, the workshop was clean and clean, and the surrounding green grass was abundant. In recent years, under the guidance of national policies, Ordos coal enterprises have made great efforts to transform into "green", "efficient" and "clean". Reporters learned in the interview that the implementation of tax reduction and fee reduction policy has created a good environment for grassland coal enterprises to transform to "green".

 Xiao Fei, general manager of Guangna Group, introduced: "In 2017, the Group formulated a five-year plan for green development, focusing on dust problems caused by open-pit mining." Xiao Fei said, "When we work, we insist on"fixing production by water". We will not produce any water. We will use water to wet and dedust in mine blasting, shovel loading and unloading, all operation points and transportation roads. At the same time, the coal storage greenhouse was built to solve the problem of coal open-air stacking. In the dust-free operation project, we invested 120 million yuan in total. At the same time, the construction project of "green mine" with the main objective of controlling the residue hill is also being actively promoted. The continuous slag heaps in Camel Hill mining area of Guangna Coal Industry have always been a serious disaster area of coal ash pollution. This 3.9 km long slag hill with an area of more than 1.5 million square meters is covered in flying ash when it is sunny and mud flows freely when it rains. In 2017, Guangna Group began to pilot the construction of "green mine" project in Camel Hill. It has invested nearly 200 million yuan in two years, and has achieved initial results.

Reporters climbed the managed Camel Mountains, and a layer of fresh green grass grew on the winding hills, and the fragrance of green grass permeated the air. Wang Quancai, chairman of Guangna Group, said, "We have invested a lot of money in building a'green mine', and the policy of tax reduction and fee reduction has eased the financial pressure for us. This year, the VAT tax rate has been reduced from 16% to 13%. It can reduce taxes for enterprises by about 38 million yuan. In January, the implementation of six special additional deduction policies for personal income tax reduced the overall burden of personal income tax of Group employees by 57%. With a good policy, employees are more motivated, and we are more confident.

State Administration of Taxation, Inner Mongolia Etok Economic Development Zone, Secretary of the Party Committee and Director of Taxation Bureau, Suyalatu, introduced: "In 2018, Guangna Group enjoyed a preferential tax of 4.6 million yuan on environmental protection due to the reduction of dust emissions. Tax reduction and fee reduction help enterprises to transform and develop, and the new production technology brings corresponding tax preferences to enterprises, which fully reflects the positive incentive role of tax.

Tax preferences help to localize coal-to-oil equipment

Dustless mining and "green mine" are the first steps taken by Ordos coal enterprises in the "green" transformation, while relying on technological innovation to achieve the "green" in-depth development of coal resources is the second step.

Located in the production workshop of Erdos Coal Oil Branch of China Shenhua Coal Petrochemical Co., Ltd. (hereinafter referred to as Coal Oil Branch) in Ijinholuo Banner, black pulverized coal is continuously transported into the production line. After more than 20 hours, these pulverized coal is transformed into clear and transparent high-quality oil products. Our country is rich in coal and less oil. Turning coal into oil has been our dream for many years. Now that dream has come true. In retrospect of the development process of the project,

Wang Jianjian, general manager of the Coal-to-Oil Branch, expressed his regret that although the coal-to-oil project had been completed and put into operation in 2008, the key equipment was imported at that time, and the high cost of importation made the enterprise suffer losses for many years. Thanks to the preferential tax policies of the state, our financial pressure has been greatly alleviated. Since 2008, the company has enjoyed a cumulative tax incentive of 1.67 billion yuan. One of them enjoys the item of "implementing the fixed-point direct supply plan to sell naphtha", which exempts 1.5 billion yuan from consumption tax." Wang Jianjian said: "After the implementation of this year's large-scale tax reduction and fee reduction policy, enterprises can save 21 million yuan only by lowering the VAT tax rate. Increased R&D cost plus deduction ratio also brings benefits to enterprises. This year, we started R&D projects for oil residue extraction. We will invest 340 million yuan, and we expect to enjoy R&D cost plus deduction of more than 10 million yuan.

In May this year, the Coal-to-Oil Branch successfully realized the localization of the key equipment of the millions-ton direct coal-to-oil series. At present, the company has begun preparations for the construction of the second and third production lines of coal-to-oil. "Reducing taxes and fees makes enterprises more confident in their development." Wang Jian said. After the interview, the reporter learned from the website of the Ordos Energy Bureau that Erdos, the former "coal-dominated" country, is following the pace of national green development, continuing to build a modern energy production and supply system with multi-energy complementarity, comprehensive utilization, high efficiency and cleanliness, and continue to transmit "green kinetic energy" to all parts of the country. 

Miao Fucheng, Secretary of the Party Committee and Director of the Ordos Tax Bureau of the State Administration of Taxation, said: "Tax reduction and fee reduction have played a positive role in promoting the"green"transformation of the coal industry. The city's tax authorities will continue to implement the policy of tax reduction and fee reduction, effectively reduce the burden of enterprises, and promote the high-quality development of the Ordos economy."

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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