NEWS



23

2023

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02

Copper export tax rate adjustment The export of copper energy-intensive products is restricted

Author:


In terms of import tax rates, there is no change in 2021 compared with 2022, the import tax rate of most copper-related commodities is still zero, the domestic demand for copper resources is still large, and the domestic self-sufficiency rate is low, so the import of some copper-related products is encouraged.

On December 15, the Tariff Commission of the State Council issued the Notice of the Tariff Commission of the State Council on the 2022 Tariff Adjustment Plan. In terms of national tax rates, provisional import tax rates were implemented for 954 commodities (excluding TRQ commodities); From July 1, 2022, the provisional tax rate on imports of products expanded by seven information technology agreements will be abolished. In terms of export tariff rates, we will continue to implement export tariffs on 106 commodities such as ferrochrome, and increase export tariffs on two commodities, including phosphorus and crude copper, other than yellow phosphorus.

In terms of import tax rates, there is no change in 2021 compared with 2022, the import tax rate of most copper-related commodities is still zero, the domestic demand for copper resources is still large, and the domestic self-sufficiency rate is low, so the import of some copper-related products is encouraged.