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Chinese ferrous scrap industry keenly awaits reintroduction of VAT rebate

The Chinese ferrous scrap processors are reported to be eagerly awaiting a positive signal from the authorities to reinstate the Value Added Tax (VAT) rebate on scrap sales, although majority of them are still not hopeful of a favorable action. ...

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China Scrap group calls for rebate on 17% tax on steel scrap sales

The China Association of Metal Scrap Utilization (CAMU) has urged the Chinese National Development and Reform Commission (NDRC) to lower the tax rate on steel scrap sales. Beijing had cancelled the 70% rebate on 17% VAT for steel scrap recyclers ...

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