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Widely circulated version of the resource tax has long been officially unveiled today. According to the Ministry of Finance said last night announced the implementation details, crude oil, natural gas resources from the current tax from the taxable amount to ad valorem tax rate of 5%, coal, nonferrous metals and other resources of five tariff items followed from the amount of taxable mode, coking coal, rare earth minerals such as increased tax standard.

     Previously, domestic (except outside of Xinjiang) resource tax collection standard in 1993, mostly with reference to the "Provisional Regulations on Resource Tax" Interim provisions old tax rate of 0.3-5 coal yuan / ton, the tax rate of non-ferrous metal ores of 0.4-30 yuan / ton, respectively, with reference to coal, coking coal, and rare-earth collection of standard and non-ferrous tax.

     Today, the newly announced tax on coking coal and rare earth resources tax standards made the appropriate changes, namely coking coal and earth were separate from the coal and non-ferrous metals out of the tax rate of coking coal from the original 0.3-5 yuan / ton up is 8-20 yuan / ton, rare earth ore from the 0.4-30 yuan / ton increased to 0.4-60 yuan / ton. Among them, the light rare earth ore per ton tax standard $ 60 per ton of heavy rare earth mine was $ 30.

     It is understood that the rare earth resources belong to the national strategy for scarce resources, in our sophisticated technology and the defense played a very important role. This year, the rare-earth price spikes, the rare earth industry has become a lucrative industry, profit making activities of rare earth mining flooded, serious environmental damage.

     Improve the standard of rare earth resources, tax levy for the protection of rare earth resources, and promote the rational exploitation of rare earth play a certain use or effectiveness. At the same time, the printing of rare earth resources also worry about tax increase will increase the cost of mining enterprises, which once again pushed the price of rare earth.

     In this regard, the relevant institutional investors, analysts said that the current market price of rare earth products in general the hundreds of thousands even millions of yuan / ton, while the resource tax, but at 0.4 yuan -60 yuan / ton charge level. As opposed to thousands or even one million yuan per ton of rare earth prices, 0.4 yuan per ton tax the resources of -60 yuan appears to be negligible. Therefore, the adjustment of the resource tax has little effect on the rare earth industry.

     Xiamen University, China Energy Economic Research Center, is a recent media interview, said the long term, resource tax collection standards will increase the price of resource products pushed up a certain role. At the same time, he also pointed out that "the current standard for tax-related rare earth companies will not have a huge impact, after taxes from the taxable amount or lower."

 ZheJiang DongYang Strong Electron Co., Ltd