• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

China to raise resource tax

  • A
  • A
  • A
The State Administration of Taxation announced yesterday that China will raise the resource tax on mines including lead, zinc, copper and tungsten on 1 August.

The new policy will raise the resource tax on lead and zinc ore to RMB20/ton from previous RMB10/ton. The tax on copper ore will be raised to RMB7/ton from RMB5/ton. For tungsten ore, the tax will reach RMB9/ton from RMB7/ton.

The government starts the new policy because of the high domestic prices and promotion to sustainable mineral resource sector development.
News Date 18 Jul 2007 10:55:20 reported by Windy

Turkey to impose 30% additional tariffs on imports...
Government policies
20 Jan 2017 13:56
Indonesia plans to increase ore export tax to 10%...
Government policies
19 Jan 2017 15:06
US DOC to determine AD investigation on imports of...
Government policies
19 Jan 2017 14:32
India forces to use domestic steel for the constru...
Government policies
19 Jan 2017 14:01
EU to keep 6.8% AD duties on imports cold-rolled s...
Government policies
18 Jan 2017 13:21
Most Popular