Beijing to Scrap Platinum Import Tax Rebate, Opening Market to New Entrants
China will end a two-decade-old platinum tax rebate for its state-owned importer, potentially opening the market for new entrants, according to a report from Bloomberg. The Ministry of Finance announced that effective November 1, it will begin collecting a 13 percent value-added tax (VAT) on sales of domestically produced and imported platinum, including imports of
