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Home / Metal News / Notice: SMM assessments quoted at lower tax rate from Apr 1

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

iconMar 21, 2019 11:13
Source:SMM
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%.

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

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