Tongguan Nonferrous Metals’ Tax&Fee Burden to Decrease 50% after China's Resources Tax Reform

SHANGHAI, Jun. 30 (SMM) - Anhui Tongguan Non-ferrous Metals (Chizhou) Co.’s tax and fees will fall 50% after China’s resources tax reform effective July 1, ifeng.com reports.

Its resources tax and fees account for 59% of sales revenue per year before the tax reform. Its sales revenue was 26 million yuan during 2012-2015, and tax and fees totaled 6.1 million yuan. Tax and fees will decrease 3.5 million yuan after the resources tax reform.

The colmpany’s Huangshanling lead-zinc mine is the largest lead-zinc mine in Anhui Province, with an annual capacity of 145,000 tonne. 

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