SMM8, 27th of the month:
The Resources tax Law of the people's Republic of China was adopted at the 12th meeting of the standing Committee of the 13th National people's Congress on August 26, 2019. This Law shall enter into force as of September 1, 2020. The interim regulations of the people's Republic of China on Resource tax promulgated by the State Council on December 25, 1993 shall be annulled at the same time. Of these, the newly announced tax on light rare earth resources is 7% to 12%, and that for medium and heavy rare earths is 20%. The original resource tax is 27% for medium and heavy rare earth ore, 11.5% for Baotou mine, 9.5% for Sichuan mine and 7.5% for Shandong mine.
[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum
The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!
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