Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Ministry of Finance: Tax Cut 30% for Mineral Products in Exhaustion Stage

Ministry of Finance: Tax Cut 30% for Mineral Products in Exhaustion Stage

Nov 21, 2017 13:32

Source:SMM

As per exposure draft officially released, in order to support deep-sea oil-gas prospect and development, oil-gas prospected from deep-sea shall be reduced resources tax by 30%.

SHANGHAI, Nov.21 (SMM)－As per exposure draft officially released, in order to support deep-sea oil-gas prospect and development, oil-gas prospected from deep-sea shall be reduced resources tax by 30%. Considering mines in exhaustion stage needs more cost to explore, those mineral products mined from those mines in exhaustion stage shall be reduced resources tax by 30% affirmed by Ministry of Land and Resources.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

tax

resource

mines

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

A Closed Production Cycle from “Nickel & Cobalt” to “Recycling and Materials” Will be Established Between Ronbay and GEM

On February 28, Ronbay Technology (688005) and GEM (002340) announced that the two parties signed a strategic cooperation agreement regarding power battery recycling, the nickel resources and smelting in Indonesia and the PCAM (precursor of cathode active materials) businesses.

time

Mar 1, 2022 16:31

A Closed Production Cycle from “Nickel & Cobalt” to “Recycling and Materials” Will be Established Between Ronbay and GEM

BYD Won the Mining Right of 80,000 mt of Lithium Ore in Chile

BYD and Servicios y Operaciones Mineras del Norte have each won the mining right of 80,000 mt of lithium in a 400,000 mt tender launched by the Ministry of Mines of Chile in October, and the result was announced on 12 January.

time

Jan 13, 2022 13:18

BYD Won the Mining Right of 80,000 mt of Lithium Ore in Chile

Report: China removes vehicle purchase tax for new-energy cars to 2020

Buyers in China would be exempt from paying vehicle purchase tax when they buy new-energy vehicles from January 1 this year to December 31, 2020.

time

Jan 3, 2018 16:10

Report: China removes vehicle purchase tax for new-energy cars to 2020

Forecast: Zinc price to slide in H2 2018

Zinc prices are set to remain firm at the start of this year but they are forecast to slide in the second half of 2018 with better balance seen between supply and demand, SMM believed.

time

Jan 2, 2018 17:51

Forecast: Zinc price to slide in H2 2018

China to adjust import & export tariff from 2018

China is going to adjust some import and export tariff from January 1,2018, after adjusted tariff of some consumer goods from December 1,2017.

time

Dec 18, 2017 09:24

China to adjust import & export tariff from 2018

China’s Purchase Tax-Free Policy for New-energy Vehicles Expected to Extend to 2020

As per Japanese media, Chinese government is researching on postponing the deadline of purchase tax-free policy for new-energy vehicles which should expire at the end of this year.

time

Dec 7, 2017 09:19

China’s Purchase Tax-Free Policy for New-energy Vehicles Expected to Extend to 2020

Hebei Province Implements Preparation for Green Tax

Local Taxation Bureau of Hebei Province has formulated work plan of identification of taxpayer of environmental protection tax.

time

Oct 11, 2017 09:37

Hebei Province Implements Preparation for Green Tax

Gold smuggling in India likely to shrink on falling demand

The gold smuggling in India during 2015 is expected to total 150 tonnes, significantly lower when compared with 200 tonnes during 2014.

time

Aug 20, 2015 14:22

[Au Demand] India gold demand stays muted despite sharp price fall

The sharp fall in gold prices failed to boost demand for the yellow metal in India. Investors see further downside risk to gold.

time

Jul 22, 2015 10:05

SMM Events & Webinars

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.