On January 5, 2025, the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) issued the “Notice on the 2025 Enhanced and Expanded Implementation of Large-scale Equipment Renewal and Consumer Goods Trade-in Policies” (NDRC [2025] No. 13), from the enhancement of efforts to promote the renewal of equipment, expanding support for consumer goods trade-in, accelerating the enhancement of the level of recycling, giving full play to the standards of the upgrading of the pulling role, and enhancing the implementation of the organization and other five aspects of the deployment of the new year's “two new” policies. Five aspects of the deployment of the new year's “two new” policy, which is clearly proposed to accelerate the implementation of resource recycling enterprises to natural persons to sell end-of-life products “reverse invoicing”, standardize the order of resource recycling industry tax.

Under the background of accelerating the implementation of the policy of “reverse invoicing”, in order to help the majority of renewable resources enterprises better understand and apply the policy, create a favorable tax environment for the accelerated development of the whole industrial chain of the resource recycling industry, and help promote the standardization of the tax order of the resource recycling industry, Resource Renewal Magazine and Hwuason Law Firm have opened a special “Tax” column in Resource Renewal Magazine, employing Liu Tianyong and Zhang Qian as the special editorial board members, and launching a series of articles on the interpretation of the tax policies and the application of guidance for the renewable resources industry.

Based on the business model of renewable resources, the articles will analyze the new tax policy of the industry; prompt the frequent occurrence of tax-related administrative and criminal risks, and put forward risk prevention and control and compliance suggestions; research and feedback on the industry's hot financial and tax issues, and promote advanced financial and tax management experience, etc., so as to help practitioners in the renewable resources industry to enhance their awareness of tax compliance, standardize their financial and tax management, and help the industry to develop healthily.