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On June 19, with the approval of the State Council, the Ministry of Finance and the State Administration of Taxation jointly issued the “Notice on the Applicable Tax Rate for DME VAT†(Cai Shui [2008] No. 72), which stipulates that from July 1, 2008 onwards. The DME VAT rate was reduced from 17% to 13%.
In recent years, with the continuous rise of oil prices, the international energy situation has become increasingly tense. The state attaches great importance to the development and utilization of clean energy. As a new type of clean energy, dimethyl ether has developed rapidly in recent years. In order to promote the healthy and rapid development of the dimethyl ether industry, relevant departments of the state are actively formulating relevant standards for dimethyl ether.
At present, the DME tax rate for DME is 17%, which is 13% higher than that of liquefied gas and natural gas, which is not conducive to the development of new industries. Therefore, the country has started to adjust the DTV tax rate for dimethyl ether. In this process, the New Austrian Group Co., Ltd. took the lead in initiating an application for the adjustment of the dimethylether tax rate to the taxation department and actively provided relevant data. This time, the adjustment of the DME VAT tax rate played a positive role.
From 17% to 13%