Wood based panel and its products produced from sawdust and other raw materials shall be reduced by 90% and included in the total income

Wood based panel and its products produced from sawdust and other raw materials shall be reduced by 90% and included in the total income

In 2019, the State Administration of Taxation issued a new version of the guidance on preferential tax policies to support poverty alleviation. It is pointed out that the taxpayers of wood-based panel and its products produced from sawdust and other raw materials enjoy preferential tax treatment: the income from the production of wood-based panel and its products by enterprises using sawdust, bark and branch wood as materials shall be reduced by 90% and included in the total income.

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