Beijing to stop VAT evasion among steel exporters?

The Chinese steel market recently was full of rumors about Beijing’s possible attack on exporters, who had avoided 13% of VAT in the last three years.

VAT evasion in steel export trade (including stainless steel) has repeatedly caught the attention of Chinese authorities. However, so far, this hasn’t led to widespread punishments that would force traders to abandon this semi-legal scheme. In the second half of April, this topic again became a hot discussion in the market. Continue Reading? Please click box below!