What does the tax rate of waste recycling industry mean?

Refers to the industry that produces new usable products and raw materials by recycling and reusing waste.

According to China Enterprise Tax Cloud, the tax rate of waste materials recycling industry refers to the proportion of VAT payable by VAT taxpayers in the current period to taxable sales income in the current period, which is simply the tax burden rate of various industries. This industry plays an important role in environmental protection and resource conservation.

Waste recycling is an industry that produces new usable products and raw materials by recycling and reusing waste.