Home > What's New > Ministry of Finance fiscal policy to support application of rare earth
Ministry of Finance fiscal policy to support application of rare earth 2012-08-03
Ministry to
study and formulate fiscal policy to support application of rare earth
Approved by the State Council, from 1, the
uniform adjustment of rare earth ores resources tax standards. Adjusted tax
criteria: light rare earth, including bastnaesite, single quarry, 60 yuan / ton;
in the heavy rare earth, including xenotime, ion-type rare earth ore, 30 yuan /
ton.
Symbiosis with the
iron ore mining, associated bastnaesite, single quarry and other rare-earth ore,
iron ore resources have imposed tax, levied according to the above provisions of
rare earth resources in the standard tax deduction.
Ministry
of Finance said, will continue to focus and other rare earth industry, the
healthy development of mineral resources, through the support of the development
of mineral resources and other rare earth development and application of new
materials and rare earth resources, comprehensive utilization of fiscal policies
to promote orderly development and utilization of scarce mineral resources.
In
addition, the Treasury Secretary urged all levels of corporate finance
departments to actively participate in corporate management of the relevant
planning authorities to develop, focus on strategic planning and industrial
development from the level of support for enterprise reform and development of
the implementation of fiscal policy, financial business management looking for
"new ideas "In order to solve various types of
enterprise reform and development of the major contradictions and problems in
the Breakthrough. The law of
development of capital markets, rational use of capital markets platform to
guide and stimulate social capital, to achieve the rational allocation of social
resources, increase investment in all types of enterprises.
This
year the Ministry of Finance Department of Enterprise on the one hand will
continue to promote the integration of enterprises in the country to upgrade and
increase enterprises "going out" support; the other hand, will guarantee the
safety of central enterprises, special funds for the construction management
approach, started studying improve the safety in production costs of high-risk
industries and enterprises in the financial policy.
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