China announced on Tuesday that it will impose consumption tax on some types of batteries and paint to encourage environmental protection. A four-percent tax will be levied on the production, processing and import of batteries and coating ...
Tags: Consumption Tax, Batteries
China plans to levy a resources tax on coal based on sales value instead of production volume, as well as scrapping arbitrary levies on coal miners starting from December 1, taxation and fiscal authorities said over the weekend. ...
Tags: Resources Tax, Coal
In what may mark an end of high-quality extra long staple cotton, the Egyptian Government has decided to stop paying subsidy of 350 Egyptian pounds per qintar (160 kg) of cotton to producers, from the next agricultural season. Last ...
Tags: Cotton Production, raw materials, Textile
The Central Board of Excise and Customs (CBEC), under Department of Revenue, India’s Ministry of Finance, has issued a circular announcing extension of 24x7 Customs clearance facility at 13 more airports in respect of all export goods ...
Tags: specified import, export goods, Textile
Indian synthetic fibre and yarn producers have urged the Union Ministry of Finance to abolish excise duty of 12 per cent levied on the industry and bring it at par with the cotton fibre and yarn sector. “This will help the growth of ...
Tags: cotton fibre, yarn sector, Textile
China will continue to subsidize new-energy cars through 2020 but plans to cut the subsidy gradually to foster market competition, according to a draft of the rules posted on the Ministry of Finance website Tuesday. The new policy is ...
Tags: New-Energy Cars, Transportation
China's Ministry of Finance issued its customs duties implementation plan for 2015 on December 17, with the duties in question to become effective as of January 1, 2015. Accordingly, China's export tariffs for pig iron, semi-finished ...
Tags: pig iron, semi-finished steel, wire rod, Metallurgy
China will regulate preferential tax policies, forbidding local taxation authorities from making such policies, according to a statement released Tuesday by the central government's website. The State Council, China's cabinet, recently ...
Tags: Tax Policies, Transportation
Japan's government and central bank are counting on export growth to help the economy overcome April’s domestic-demand-dampening consumption tax hike. The latest figures show that despite a weak yen, overall shipments remain sluggish, ...
Tags: export growth
The exports of fabric and apparel from Vietnam surged by 19.4 percent year-on-year in the first eight months of 2014, according to the preliminary data released by the Customs IT & Statistics Department, General Department of Customs, ...
Taiwan's Ministry of Economic Affairs (MOEA), Ministry of Finance, Financial Supervisory Commission and National Development Council on September 29 jointly held the 2014 International Green Energy and Finance Forum in Taipei. The event ...
Tags: Lights, Lighting, Taiwan, Green Energy
China has slashed its official target for shale gas production in the medium term by up to a third and now expects to achieve 30 billion cubic meters of output by 2020, according to the country's Ministry of Land and Resources at a briefing ...
In August this year, the value of Taiwan's iron and steel exports increased by 9.6 percent year on year but decreased by 0.9 percent compared to July to $1.59 billion, according to the preliminary statistics issued by Taiwan's Ministry of ...
Tags: Iron, Steel Export
The Australian Ministry of Finance has announced that the 30 percent Minerals Resources Rent Tax (MRRT) on coal and iron ore has been finally repealed. The repeal bill is now moving to the House of Representatives where it is expected to ...
Tags: Mining Tax, Mineral
A Pakistan cotton ginners trade body has demanded that cotton farmers be assured a government support price to stop their exploitation by textile mills. At a press conference, office bearers of the Pakistan Cotton Ginners Association ...
Tags: Support Price, Body, Textile