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Recently, 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". China Forestry Products Industry Association put forward implementation opinions to promote the sustainable and healthy development of the industry on the implementation of the spirit of the "Announcement" document.

The "Announcement" shows that the scope of comprehensive utilization of resources and comprehensive utilization products in agricultural and forestry residues and other categories has been further expanded. Increase from 70% to 90%; biomass crushed material, bio-natural gas, pyrolysis gas and bio-oil are included in the comprehensive utilization tax rebate product catalog for the first time, the tax rebate ratio is 100%, and the standardized operation requirements for enterprises applying for tax rebate are clarified. The "Announcement" will be implemented from March 1, 2022.

The association proposes that all branches and member companies should promptly convey the adjustment information of the 2022 edition of the catalog to the local finance and taxation departments, and implement the adjustment of preferential VAT policies for products such as fiberboard, particleboard, and blockboard; Carry out industry self-discipline and industrial upgrading promotion efforts, carry out production and operation activities with higher standards, and guide enterprises to take the initiative to assume higher environmental protection, safety and social responsibilities; pay close attention to relevant connection work, except for the relevant provisions of "technical standards and related conditions" It can continue to be implemented until December 31, 2022, and there are updates and replacements during the implementation process, which will be uniformly implemented in accordance with the new national standards and industry standards. The association explained the unhandled matters that have occurred before, and stated that institutions and enterprises can feed back to the expert advisory committee of the association if they have any questions.

Since the implementation of the policy of immediate value-added tax refund in 2001, the wood-based panel industry uses agricultural and forestry residues as raw materials, which has promoted the rapid and healthy development of my country's wood-based panels, furniture, flooring and related industries, and the comprehensive utilization rate of wood leads the world.