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 to learn 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

Mar 13, 2026 18:20

Platinum and Palladium Stayed in the Doldrums This Week; the Spot Market Cooled and Faced Severe Involution [SMM Platinum and Palladium Weekly Review]

Mar 13, 2026 18:20

Mar 13, 2026 17:48

Gold pulls back as IEA fires historic reserve salvo — but the market is still not buying it

(Kitco Commentary) - Gold slipped on Thursday as a record coordinated oil reserve release from the International Energy Agency introduced a note of policy resolve into markets that had been pricing in unmitigated supply chaos.

Mar 13, 2026 17:48

Mar 13, 2026 17:38

Why gold hasn’t moved since the Iran conflict — and where it could go next

Gold surged during the 12-day war with Iran last year and then gave up its gains when a ceasefire was announced. But, two weeks into the latest conflict, its price remains largely unmoved.

Mar 13, 2026 17:38