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China Levies Resource Tax On Rare Earths

5/1/2015 11:37:00 AM

China's Ministry of Finance has confirmed the rates of resource tax to be imposed on rare earths, tungsten, and molybdenum production with effect from May 1, 2015, replacing the export quotas and duties that had previously been eliminated in conformity with last year's World Trade Organization ruling.
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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

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Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

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