Metals News
Ministry of Finance: Tax Cut 30% for Mineral Products in Exhaustion Stage
industry news

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.

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