SHANGHAI, May 8 (SMM) – China sets resource tax rates at 11.5% for light rare earths in Inner Mongolia, according to a notice from the Ministry of Finance.
The notice came after the announcement to remove fees and levy taxes based on prices of rare earths effective May 1.
Tax rate for light rare earths was 9.5% in Sichuan and 7.5% in Shandong. Tax rate of medium-heavy rare earth is 27% across the nation.
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