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(Sep 12, 2012) It was reported on September 10, 2012, that
The new Provisions are based on recently adopted measures issued jointly by the Ministry of Finance, the Ministry of Environmental Protection, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Administration of Taxation on May 21, 2012, and which also took effect on July 1, 2012. (Circular on Printing and Issuing the Measures for the Management of the Collection and Use of a Fund for the Disposal of Waste Electrical and Electronic Products [in Chinese]  No. 34, (May 21, 2012), Ministry of Finance of the People's Republic of
Establishment of the dedicated fund is provided for under article 7 of the 2009 Regulations for the Administration of the Recovery and Disposal of Waste Electric and Electronic Products. (See Wendy Zeldin,
According to the Provisions, all manufacturers of electrical and electronic products in
The scope of collection and collection standards of the fund are to be carried out in accordance with the Scope and Standards for Fund Collection of Domestic Market Electrical and Electronic Products, which are appended to the Provisions as Annex I. The surcharge rates listed in that document for various types of waste equipment are, with 1 yuan equal to about US$0.16:
Televisions, 13 yuan/unit (5 types listed, with catch-all)
Refrigerators, 12 yuan/unit (4 types listed, with catch-all)
Washing machines, 7 yuan/unit (5 types listed, with catch-all)
Air conditioners, 7 yuan/unit (4 types listed, with catch-all)
Microcomputers, 10 yuan/unit (4 types listed, with catch-all)
|Author:||Wendy Zeldin More by this author|
|Topic:||Taxation More on this topic|
|Jurisdiction:||China More about this jurisdiction|
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Last updated: 09/12/2012