Those liable for this tax are companies or individuals engaged in the exploitation of mineral resources or production of salt.Current rates include:
Crude oil RMB8-30/tonne
Natural gas RMB2-15/1000 cubic m
Coal RMB0.3-5/tonne
Other non-metal ores RMB0.5-20tonne or cubic m
Ferrous metal ores RMB2-30/tonne
Non-ferrous metal ores RMB0.4-30/tonne
salt RMB10-60/tonne(solid)
RMB2-10/tonne(liquid)
VAP applies if your company is selling .manufacturing,processing or repairing tangible goods. It also applies om importation of raw material and equipment.Rates vary between 0% and 17%,and the regulation are complex.
The Chinese government will grant some African countries tariff-free treatment for their exports to China.The measure to be taken is aimed at helping the
least developed countries in Africa expand export, increase revenue and
alleviate poverty.
The Chinese government will
take some other measures within the framework of the China-Africa
Cooperation Forum to enhance the cooperation, including pumping more
resources into […]