Home / Metal News / Copper / Yuguang Gold & Lead Gets VAT Rebate and Subsidy for Recycling, Capacity Elimination
Yuguang Gold & Lead Gets VAT Rebate and Subsidy for Recycling, Capacity Elimination
Apr 9,2014 11:28CST
company news
Source:SMM
Henan Yuguang Gold & Lead Co. received value-added-tax rebate of 19.54 million yuan ($3.15 million) for recycling sulfuric acid from off-gas and lead from scrap batteries.

SHANGHAI, Apr. 9 (SMM) – Henan Yuguang Gold & Lead Co. received value-added-tax rebate of 19.54 million yuan ($3.15 million) for recycling sulfuric acid from off-gas and lead from scrap batteries.

Yuguang was also given 7.89 million yuan ($1.27 million) subsidy from China’s central government as an incentive for it to eliminate backward capacity, the company told Shanghai Stock Exchange today.

Both the tax rebate and subsidy, totaling 27.43 million yuan, will be counted as the company’s non-operating revenue for the 2014 fiscal year, it said.


 

Henan Yuguang Gold & Lead Co.
China environmental drive

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news