12th Rare Earth Summit

May 27-28, 2021
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

May 20-21, 2021
Hangzhou, Zhejiang, China

9th Magnesium Summit

April 15-16, 2021
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

March 25-26, 2021
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

6th World Manganese & Selenium Forum

May 21-22, 2018
Hainan Sanya, China

Jilin authorities seek public opinions on resource tax proposal

2020-05-26 17:50:26   【Print】
The Department of Finance of Jilin Province announced on May 21 that it has drafted, together with Jilin Provincial Tax Service of State Taxation Administration, and the Department of Natural Resources of Jilin Province, a proposal on the implementation of applicable tax rate and tax reduction plan for different resources in Jilin.Asian Metal CopyrightThe Department of Finance of Jilin Province announced on May 21 that it has drafted, together with Jilin Provincial Tax Service of State Taxation Administration, and the Department of Natural Resources of Jilin Province, a proposal on the implementation of applicable tax rate and tax reduction plan for different resources in Jilin.Asian Metal Copyright Jilin authorities are seeking public opinions on the proposal.

Proposed resources tax rate on certain resources in Jilin

Item

Object of taxation

Rate

Energy mineral 

Coal

Raw ore

2.5%

Processed ore

2%

Metallic mineral

Ferrous metal

Iron

Raw ore

5%

Processed ore

3%

Manganese, chromium, vanadium, titanium

Raw ore

3.5%

Processed ore

3%

Nonferrous metal

Copper

Raw ore

8%

Processed ore

6%

Lead, zinc

Raw ore

7%

Processed ore

5%

Nickel

Raw ore

5%

Processed ore

4%

Gold

Raw ore

5%

Processed ore

4.5%

Silver

Raw ore

4%

Processed ore

2.5%

Tin, antimony, magnesium, cobalt, bismuth, mercury

Raw ore

3.5%

Processed ore

3%

Platinum, palladium, ruthenium, osmium iridium, rhodium

Raw ore

7%

Processed ore

5%

Light rare earth

Processed ore

7%

Zirconium, germanium, indium, cadmium, selenium, tellurium

Raw ore

3.5%

Processed ore

3%


The proposal is drafted based on the Resource Tax Law of the People's Republic of China and the actual situation in the province.

It suggests that companies which, in the course of mining or producing taxable products, suffer heavy losses due to accidents or natural disasters shall be exempted from resource tax; for companies that produce paragenic ore and associated ore, the sales of which are accounted for separately from main ore product, the resource tax shall be levied at 50% of the tax payable on paragenic ore and associated ore; companies that mined low-grade ore should be exempted from resource tax; companies that mine tailings should be exempted from resource tax.

In addition, tax authority should establish cooperation mechanisms with other departments such as natural resources department and water resources department.

The proposal is expected to come into force from September 1, 2020.

.Asian Metal Copyright In addition, tax authority should establish cooperation mechanisms with other departments such as natural resources department and water resources department.Asian Metal Copyright