Crackdown on VAT avoidance could disrupt Chinese fluorspar markets, sources say
Published: Tuesday, 03 September 2019
Payment of value-added tax at 13% is being avoided by some Chinese exporters, and any government crackdown on tax avoidance to solve this problem could affect the viability of the country’s fluorspar exports.
Any crackdown by Chinese authorities on alleged avoidance of
payments to the government of 13% value-added tax (VAT) on
fluorspar exports could cause shipment volumes to drop or
prices to jump, market sources have suggested.
Some fluorspar exporters in the country have been reported
to be using illegal means not...