SteelMint

Tag: China Scrap Consumption

  • China realigns VAT in domestic ferrous scrap policy

    China realigns VAT in domestic ferrous scrap policy

    —

    by

    Admin Operation
    in

    China’s Ministry of Finance and State Administration of Taxation, in an attempt to further promote sustainable development of the scrap industry, recently revised the earlier Announcement No. 40 (2021) of the Ministry of Finance and the State Administration of Taxation (Announcement 40). In the new “Announcement on Improving the Value-Added Tax Policy for Comprehensive Utilization…