Rare earth resources tax with up-regulating promote integration

May 13, 2011 - PRLog -- This time the whirlwind of resource tax reform affects not only including oil and gas resource, but also rare earth resources. But before now, the Ministry of Finance and the State Administration of Taxation has announced that since April 1 this year,Samarium metal powder, unified adjust the standard of rare-earth ore undressed ore resource tax, raised amplitude more than 10 times. However, the collection approach reform of the coal resource that had been calling a great many times only raised slightly because of under the control of power failures and stabilize the coal prices.

May 5, the Ministry of Finance sources told reporters, the rare earth industry is one of the key industry of the resource tax reform this year.

Known from the reporter, province with large rare earth resource Inner Mongolia execute the new resource tax collection standard of the rare earth in its areas from April 1, the application of tax is 60 yuan/ton for the rare-earth ore undressed ore, including bastnasite, monazite and other rare earth ore. Mining the iron associated with the bastnasite,Samarium metal powder price, monazite and other rare-earth ore, impose the rare-earth resource tax according to the regulation tax standards, besides the iron ore resource tax.

In order to sovle the rare earth enterprise relatively decentralized, extensive of the way to exploitation, weak of the consciousness of enviromental protection, since 2007, China began to implement mandatory plans to the rare earth production, and to reduce the export of the rare earth, but the effect of these measures are not great.

Relevant researchers believe that this price adjustment of tax rate of light rare earth seems different from the heavy rare earth, but actually because of rare earth content, the heavy rare earth tax rate of the south is heavier. The purpose of the policy greatly improved the tax amount of the rare-earth resource tax is to promote the integration, build a batch of competitive rare earth industry companies, and it is good for the further development of leading enterprises in the industry.

Insiders of BaoGang Group told reporter, this adjustment continued the way of collection that from quantity quota,Samarium Metal Supplier, instead of  , add in the price boom of the rare earth, the up-regulating of resource tax influence on the enterprise’s profit have been offset by the rise in price. It is reported, this taxation will increase the rare earth annual cost 7.2 billion yuan in BaoGang Group.  Source: http://www.mhcrem.com