State Taxation Administration, Announcement on Several Issues Concerning Administration of the Levy of Resource Tax

国家税务总局关于资源税征收管理若干问题的公告

November 06, 2020 | BY

Susan Mok

Calculation of resource tax on third party purchases is clarified

Issued: August 28, 2020

Effective: September 1, 2020

Main contents: Where a taxpayer combines for sale raw ore purchased from a third party and raw ore it mined itself, or a dressed ore product purchased from a third party and a dressed ore product it produced itself, it shall, when calculating the sales turnover or sales quantity of the taxable product, directly deduct the amount or quantity of raw ore or dressed ore product purchased from the third party.

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