29
Mar
07:17
China to cut VAT for manufacturing industries
China’s State Council announced on 28 March that it is to cut value-added tax (VAT) from 17% to 16% for manufacturing industries, including steel, as from 1 May 2018. The government will pay back VAT within a certain period for some advanced engineering equipment producers and power companies, Kallanish notes.
VAT is set at 5% for the steel industry in Japan and it is 10% in other major Asian economies, such as South Korea, Vietnam and Indonesia.…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous