Implementation Regulations of the Provisional Regulations on Resource Tax will come into effect on the 1st

It was learned from the Ministry of Finance that the Ministry of Finance and the State Administration of Taxation have recently revised the Implementing Rules for the Provisional Regulations on Resource Tax under the “Provisional Regulations on the Resource Tax of the People's Republic of China”. The implementation details will come into effect on November 1, 2011.

According to the rules, the tax rate for crude oil and natural gas is 5% of sales, and the tax rate for coking coal is 8 yuan/ton. Other minerals are still subject to specific measurement, in which the coking coal resource tax is increased from RMB 0.3 to RMB 5 per ton to RMB 8 to RMB 20 per ton, and the rare earth is increased from RMB 0.4 to RMB 30 per ton to RMB 0.4 to RMB 60 per ton. yuan.

The resource tax is a local tax, which means that the reform of the resource tax will not only help prevent the loss of national scarce resources, but also help establish a long-term mechanism for the steady growth of local fiscal revenues and increase fiscal revenue for resources, which is rich in resources. The region is significant.