China will levy a resource tax on rare earths, tungsten and molybdenum based on sales value instead of production quantity, the Ministry of Finance announced on Thursday. The new tax, taking effect from May 1, is set at 6.5 percent for ...
Tags: Rare Earths, Resource Tax
China will reform the resource tax of several natural resources and cut unnecessary fees starting from May, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang on Tuesday. Resource ...
Tags: Resource Tax, Resource Fees
China will reduce resource taxes on iron ore to aid industrial upgrades and ensure sufficient supply, the State Council said Wednesday. Resource tax on iron ore will be reduced from 80 percent of the taxation payment base to 40 percent, ...
Tags: iron ore, smelting cost
China's resource tax reform plan for the coal industry has already been submitted to the State Council and might possibly be carried out as early as January 1, 2014, a source was quoted by a financial information portal as saying Thursday. ...
A long-running spat between Changqing oil field and Yulin government in Northwest China's Shaanxi Province has moved a step closer to being resolved after 21 of the oil and gas producer's 22 bank accounts were unfrozen. A Yulin government ...
Tags: Eco-Compensation, Oil Producer
Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
China is said to be considering a move to cut tax for iron ore mining companies in a bid to reduce input costs for the nation's steel industry. The country's Ministry of Industry and Information Technology is reportedly working with the ...
Tags: iron ore, tax cut, China, mining companies
China has announced the total quota for rare earth exports in first-half 2012 is 25,000 tons. This is similar to the quota in 2011, said industry sources. However, a new regulation set for the 2012 rare earth export quota divides total ...
Tags: raw material, rare earth
China has announced the total quota for rare earth exports in first-half 2012 is 25,000 tons. This is similar to the quota in 2011, said industry sources. However, a new regulation set for the 2012 rare earth export quota divides total ...
Tags: Market View, rare earth, raw material