China to charge full rate of consumption tax for naphtha and fuel oil

28-Feb-08
The Chinese finance ministry and taxation bureau has begun charging the full rate of consumption tax for naphtha and fuel oil. The levy on naphtha has risen to CNY 0.2 per litre (around EUR 25/t) and to CNY 0.1 per litre on diesel. The tax was introduced in April 2006 but the government immediately allowed a 70% tax cut, saying it would charge the full rate at the "appropriate time." The adjustment is part of China's recent efforts to curb resource-intensive sectors and promote energy efficiency.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Unused tiffin, lunch box moulds

Unused tiffin, lunch box moulds