Major mining tax

一. Tax Resources

(一) General provisions

For taxpayers in tax resources in the Chinese territory of taxable minerals and mining salt production enterprises, units and individuals and independent mining, joint ventures and other minerals acquisition of the units for tax resources tax withholding agents.

(二) Major relief concessions

1. The following items exempted from Value-added Tax

2. From May 12, 1994, metal mining products and non-metallic mining products value-added tax rate from 17% to 13% adjustment.

3. Cooperation between Chinese and foreign crude oil and natural gas in kind by the value added tax, the levy rate of 5% in taxable capital gains tax and no amount of input tax deductions.

4. Gold production processes exempt from the value added tax and it is exempted from the value-added tax of gold and other corresponding exemption from taxes.

二, Foreign-invested enterprises and foreign enterprises in tax.

General provisions

Foreign-invested enterprises and foreign enterprises in taxpayers include two categories.(1) Foreign-invested enterprises (2) Foreign enterprises

Tariff:

Tariffs on goods entering and leaving the territory, goods levied a tax. Taxpayers tariff import permit for the import of Chinese goods exported to the consignee and the export of Chinese goods allowed the consignor, the former should pay import duties which should be paid export tariffs.