Notice: SMM assessments quoted at lower tax rate from Apr 1

Published: Mar 21, 2019 11:13

Save

SMM will provide tax-included price assessments at a tax rate of 13% from Apr 1

SMM will quote our tax-included price assessments at a tax rate of 13% from April 1 when the value-added tax cut of 3 percentage points for China’s manufacturing sector takes effect.

Before April 1, SMM assessments will continue to be quoted at a VAT of 16%.

SMM assessments

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

20 mins ago

Multiple factors resonate, platinum futures plunge, spot market trading active [SMM Daily Review]

20 mins ago

1 hour ago

PPI Exceeds Expectations and ECB Raises Rates, Silver Prices Plunge Over 5% [SMM Daily Review]

[SMM Daily Review: PPI Beat Expectations and ECB Rate Hike Send Silver Prices Plunging Over 5%] SMM, September 11: The ECB rate hike, combined with US PPI coming in above expectations, fueled expectations for further tightening, sending silver prices plunging over 5%. In the spot market, lower silver prices stimulated a recovery in trading activity, with the spot-futures price spread narrowing. Offers were concentrated at parity, and trading was relatively strong. Attention now turns to tonight's CPI data for guidance.

1 hour ago

13 hours ago

An Introduction to the Great Dyke: Geology, Resources and Outlook

Within Zimbabwe lies one of the world’s great PGM provinces. The 2.58-billion-year-old 'Great Dyke' which stretches more than 550 km across the country, hosting major platinum, palladium, rhodium and chrome resources. From the geology of the Main Sulphide Zone to Zimplats, Mimosa, Unki and the emerging Karo project, this article explores why the Great Dyke matters to Zimbabwe and what its development could mean for the future of global PGM supply.

13 hours ago