Value-added tax rate of minerals return to 17% next year

Wen Jiabao, Premier of State Council said on the State Council Executive Meeting that the country had decided to implement reform of value-added tax throughout the China. The meeting approved Provisional Regulations on Value-Added Tax of People¡¯s Republic of China (Amendment Bill), Provisional Regulations on Consumption Tax of People¡¯s Republic of China (Amendment Bill) and Provisional Regulations on Business Tax of People¡¯s Republic of China (Amendment Bill).

The meeting pointed out that with ratify of the Sate Council,  some regions, include northeast and mid, began test reform of value-added tax from July 1, 2004, and won great achievements. The meeting decided to popularize in all industries in the policy in the whole country from September 1, 2009, in order to expand domestic demand, reduce tax burden of infrastructure investment, promote technology advancement, industrial re-structure and economic reform.

The Provisional Regulations on Value-Added Tax of People¡¯s Republic of China (Amendment Bill), Provisional Regulations on Consumption Tax of People¡¯s Republic of China (Amendment Bill) and Provisional Regulations on Business Tax of People¡¯s Republic of China (Amendment Bill) will be carried out to ensure a successful reform. The State Council will issue and conduct these regulations after further revision.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.