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China: Law on Resource Tax Passed

(Nov. 22, 2019) On August 26, 2019, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC or China) adopted the PRC Resource Tax Law. The Law subjects 164 natural resources, including salt, crude oil, natural gas, coal, and other minerals, to the resource tax and prescribes their respective […]