Chinese Premier Li Keqiang April 28 chaired a State Council executive meeting, the deployment of policies to improve the import and export of consumer goods, abundant domestic consumer shopping choices; OK accelerate oil products quality upgrading measures to promote air pollution control and technological upgrading of enterprises; decided to implement a rare earth tungsten and molybdenum resource tax reform, promoting rationalize resources tax relationship.

The meeting decided that from May 1, 2015, the rare earths, tungsten, molybdenum resource tax amount levied by the change from ad valorem, and in accordance with the principle of no increase in the corporate tax rate be reasonably determined. Meanwhile, to further clean up and standardize the charges, the rare earth mineral resources compensation rates, tungsten, molybdenum is reduced to zero, stop expropriation price adjustment fund, ban related charges fund local governments below the provincial irregularities established. Establishment of Mineral Resource equity fund system.


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Tungsten cancel export tariffs next month, the resource tax reform, tax reform policies in this series a little support to the tungsten market, but the actual demand is still not optimistic, the recent tungsten price remains stable and slightly weaker, but the decline narrowed.

Macro level, local government debt 2 trillion gap, the Ministry of Finance to finalize the tax reform timetable requirements; a rare quarter crude steel production fell, the steel industry-wide losses; US economic growth stalled in the first quarter only increased slightly by 0.2%.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten Market Quotes: From May 1, 2015, the rare earths, tungsten, molybdenum resource tax amount levied by the change from ad valorem, and in accordance with the principle of no increase in the corporate tax rate be reasonably determined. Tax reform policies in this series a little support to the tungsten market, but the actual demand is still not optimistic, the recent tungsten price remains stable and slightly weaker, but the decline narrowed.

1, the export tariff reform: abolish tariffs on most tungsten

Customs Administration: State Council approved the adjustment of export tariffs on some products, as follows: First, the elimination of export tariffs on steel particles, rare earths, tungsten, molybdenum and other products. Second, the aluminum timber products such as zero-rated exports. Third, the above adjustments effective from May 1, 2015.

2, the resource tax reform: ad valorem

Rare earth tungsten and molybdenum resource tax reform, starting from May 1, 2015, will be levied starting from the amount valorem, and not to increase the corporate tax burden in accordance with principles reasonably determine the tax rate. While further clean up and standardize the charges, the rare earth tungsten and molybdenum mineral resources compensation rates drop to zero, stop expropriation price adjustment fund, ban related charges fund local governments below the provincial irregularities established.

3, tungsten businesses temporarily wait and see

Although customs duties and resource tax reform message has been officially released, but the market is still waiting to see the main businesses, tungsten prices and no significant fluctuations, mainly are: ① domestic tungsten market demand remained weak, the lack of direct ore upward price momentum; ② business in the hands funds are tight, caution; ③ time policy reform and the principles generally published, but the resources tax and other relevant details were not clear.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn