According to the CITIC Securities Research Report, on July 17, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued a notice on battery consumption tax policy adjustments, marking a substantial step in the consumption tax reform on specific items. This move is not only a concrete implementation of the requirements of this year's government work report to “adjust and optimize the scope and tax rate of consumption tax collection”, but also vividly explains the gradual idea of “maturing one batch and advancing one batch” of consumption tax reform. It is expected that in the future, the consumption tax reform will continue to be deepened along the three major directions of optimizing the scope of collection, adjusting the tax rate structure, and moving the collection process backwards.

According to the CITIC Securities Research Report, on July 17, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued a notice on battery consumption tax policy adjustments, marking a substantial step in the consumption tax reform on specific items. This move is not only a concrete implementation of the requirements of this year's government work report to “adjust and optimize the scope and tax rate of consumption tax collection”, but also vividly explains the gradual idea of “maturing one batch and advancing one batch” of consumption tax reform. It is expected that in the future, the consumption tax reform will continue to be deepened along the three major directions of optimizing the scope of collection, adjusting the tax rate structure, and moving the collection process backwards.