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CHINA CUTS RESOURCES TAX.
BEIJING, April 1 Asia Pulse - The Ministry of Finance and the State Taxation Administration recently announced to cut resource tax on integrated steelworks' iron mines from 15 yuan/ton to six yuan/ton.
The tax-cut will take effect on April 1, 2002.
The old tax rate was set in 1994 in an overall taxation reform, up from 1.5 yuan/ton before. The rate for local and independent iron ore mines was later cut twice to six yuan/ton. But the 15 yuan/ton rate remained ...
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Source: HighBeam Research, CHINA CUTS RESOURCES TAX.