Crane rail tax rebate policy adjustment
The Chinese government will cancel some steel tax rebate subsidies from August 1, 2021. This is the second time this year that the tax rebate policy adjustment for steel products has been introduced. The two adjustments involved almost all types of steel raw materials. This time, the tax rebate subsidy for steel rails has been canceled. In the future, China’s rail export costs will have a substantial increase.
As a quality crane rail supplier from China, Glory Rail will be constantly striving to provide better products and services.