Home / Metal News / Rare Earth Producer VAT Information in Baotou to Be Supervised

Rare Earth Producer VAT Information in Baotou to Be Supervised

iconMar 11, 2013 18:57
Source:SMM
According to the Baotou Municipal State Taxation Bureau, the Value Added Tax (VAT) invoice anti fake and control insurance system has been upgraded.

SHANGHAI, Mar. 11 (SMM) – According to the Baotou Municipal State Taxation Bureau, the Value Added Tax (VAT) invoice anti fake and control insurance system has been upgraded. The 143 rare earth enterprises engaging in rare earth ore products, smelting and separation and trading were included in the management of the Value Added Tax (VAT) invoice anti fake and control insurance system. Taxation departments can thus supervise the issuance of VAT invoice, product name writing, income and tax rate of rare earth enterprises.

Integrated VAT paid by the rare earth industry of Baotou and business income tax were RMB 2.18 billion in 2012, level with 2011 level. (Edited by SMM)

 

rare earth enterprises

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn