• 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

U.S. steelmakers seek CRC antidumping action again...
Government policies
28 Jul 2015 15:04
Philippine to absolve safeguard duty from Taiwan's...
Government policies
24 Jul 2015 11:25
US ITC preliminarily finds dumping of imports of c...
Government policies
20 Jul 2015 16:45
Mexico imposes import duties on cold rolled steel ...
Government policies
14 Jul 2015 14:17
India launches AD probe into seamless pipe from Ch...
Government policies
14 Jul 2015 13:22
Most Popular