China Material Recycling Association recently released the Report on the Development of China's Renewable Resources Recycling Industry (Special Edition for the 30th Anniversary) (hereinafter referred to as the Report).
The report shows that in 2022, the total amount of recycling of ten kinds of renewable resources in China, including scrap iron and steel, scrap non-ferrous metals, waste plastics, waste paper, waste tires, waste electrical and electronic products, scrap motor vehicles, waste textiles, waste glass and waste batteries, will be about 371 million tons. Among them, the recycling of waste glass, waste textiles and waste electrical and electronic products decreased by 15.4%, 12.6% and 10.4% respectively.
In 2022, due to the economic situation at home and abroad and the decline in commodity prices, the recycling volume of some categories of renewable resources decreased, and the recycling price fell, which led to a simultaneous decline in the total amount of recycling throughout the year. In order to promote the sustainable and healthy development of the comprehensive utilization of resources industry, the new
tax preferential policy was formally implemented
on December 30, 2021. The Ministry of Finance and the State Administration of Taxation issued the Announcement on Improving the value-added tax Policy for Comprehensive Utilization of Resources (Announcement No.40 of 2021 of the General Administration of Taxation of the Ministry of Finance) (hereinafter referred to as "Announcement No.40 of Finance and Taxation"), which stipulates that the general taxpayers of value-added tax engaged in recycling of renewable resources shall sell the renewable resources they have purchased. You can choose to apply the simple tax calculation method to calculate and pay the value-added tax according to the 3% levy rate, or apply the general tax calculation method to calculate and pay the value-added tax. On March 1, 2022, Fiscal and Tax Announcement No.40 came into effect, expanding the scope of value-added tax preferential policies for comprehensive utilization of resources, reducing the tax burden of enterprises for comprehensive utilization of resources, especially in the context of the fight against the epidemic in 2022, some enterprises for recycling and utilization of renewable resources, which were originally profitable or even on the verge of loss, enjoyed the tax policy. While reducing the tax burden, it has greatly enhanced the confidence of enterprises in their development. Analysis
of
Waste Glass Recycling In 2022, the output of flat glass in China was 1.013 billion weight boxes, down 3.7% from the same period last year. The output of waste glass was about 24.327 million tons, an increase of 4.3% over the previous year, of which the output of flat glass and waste glass products was 11.483 million tons, an increase of 2.2% over the previous year, accounting for 47.2% of the total output. The output of daily glass and waste glass products was 10.724 million tons, up 6.6% year on year, accounting for 44.1% of the total output; the output of other glass and waste glass products was 2.12 million tons, up 4.3% year on year, accounting for 8.6% of the total output. In 2022, China's waste glass recycling volume was about 8.5 million tons, down 15.4% from the same period last year.
As a renewable resource that can be recycled indefinitely, the recycling of waste glass is of great significance to save resources and reduce waste. However, due to its low recycling value, the recycling of waste glass has not received due attention. However, it can be predicted that under the background of double carbon, the high-value application of waste glass will be the future development trend, the recycling rate will be further improved, the application channels will be continuously broadened, the support of local policies will be gradually increased, and various measures will be taken to promote the development of waste glass recycling industry.
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