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On May 1, the VAT rate in the manufacturing industry will be lowered[04/24/2018]
From May 1st, 2018, the value-added tax rate for manufacturing and some other industries will fall from 17% to 16%.
The tax cuts have really benefited the refractory companies.
Upstream, downstream, and surrounding companies in the refractory industry will all be the beneficiaries of this tax cut. This VAT policy adjustment is generally expected by the market and companies. The tax cut exceeds the market expectation, which will bring huge benefits to refractory raw materials companies. This shows that China's value-added tax has been steadily advancing along the established modern value-added tax reform goals. Raise the annual sales standard of small-scale taxpayers, so that more small and medium sized refractory companies and start-ups can enjoy tax benefits.
Changxing refractory provides refractory products, calcium silicate products, castable & mortar, china refractory brick, ceramic fiber felt, ladle & tundish nozzle, ceramic fiber with high quality for you. Such as high alumina refractory bricks, magnesia carbon brick, clay refractory bricks and other refractory products.