Steel News

We strive to let you one step ahead of the market.

China continues zero-tariff policy on coal imports until end-2023

27 Mar 2023 17:08 reported by Joy Liu

A A A
The State Council of China determined at the cabinet meeting on March 24 that some preferential tax policies will be continued and the zero-tariff policy on coal imports will be extended until the end of 2023.

At the meeting, it was decided to continue and optimize the implementation of some phased preferential tax policies, including raising the super deduction rate for research and development (R&D) expenses from 75% to 100%, which will bring more significant tax-saving for manufacturing enterprises. Besides, the implementation of zero taxes on coal imports will be extended until the end of this year.

The above policies are expected to reduce the burden by more than CNY 480 billion a year.

Back to Steel News

Related News

EU to impose additional duties on Chinese electric vehicles by up to 38.1%

  • Government policies
  • 14 Jun 2024 15:14

EU declares final result of AD order sunset review on steel ropes & cables originating in China as extended to Morocco & South Korea

  • Government policies
  • 13 Jun 2024 16:57

Canada announces preliminary AD result on wire rod from China, Egypt & Vietnam

  • Government policies
  • 12 Jun 2024 17:16

Turkey to impose additional 40% tariff on Chinese internal combustion engine & hybrid vehicles

  • Government policies
  • 12 Jun 2024 15:59

US announces expedited first AD sunset reviews on large-diameter welded pipe from 6 countries

  • Government policies
  • 11 Jun 2024 17:22

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,808.00
  • 2,861.50
  • Aluminum
  • 2,496.00
  • 2,557.00
  • Copper
  • 9,732.00
  • 9,859.00
  • Nickel
  • 17,525.00
  • 17,775.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 0
  • 0
  • NO1 Coil-Jul
  • 0
  • 0
  • 2B Coil-Jul
  • 0
  • 0
  • NO1 Coil-Jul
  • 0
  • 0

Learn more