China implements tax rebates for waste tire utilization

A few days ago, the relevant departments officially implemented the Catalogue of Preferential Value-Added Tax on Products and Labor Services for Comprehensive Utilization of Resources.

The catalogue adds tax rebates for waste tires, waste rubber products to produce recycled oil, and pyrolysis carbon black, with a tax rebate ratio of 70%. This tax rebate policy reflects the state's strong support for the solid waste comprehensive utilization industry.

Tire World Network has learned that China can produce hundreds of millions of waste tires every year, with an annual growth rate of 6%-8%. The comprehensive utilization of waste tires is an important part of the domestic tire industry chain. Recycled oil, recycled carbon black and steel wire produced through cracking technology can significantly reduce tire costs. At the same time, the recycling of waste tires will help the country implement the "dual carbon" strategy.

This industry needs to increase research and development efforts, improve product quality, and try to apply it to tire production. With the local encouragement of the national tax policy, the waste tire recycling market is expected to be upgraded. (Excerpted from Tire World Network)