Resource tax reform or push to the whole country on September 1

Following the first implementation of the resource tax reform in Xinjiang on June 1, the scope of reform will be extended to the entire western region. The "Cai Jing" reporter learned from the Ministry of Finance and relevant persons of the State Administration of Taxation on July 8 that the resource tax reform may be rolled out to the whole country on September 1. China's resource tax reform has been brewing for many years. Due to the "increasing taxes," the reforms were shelved twice. In 2007, due to fear that the introduction of resource tax reforms during the economic overheating period will accelerate price rises and increase inflationary pressures; the international financial crisis in 2008 has caused the rapid decline of the domestic economy, and the fear of increasing the burden on enterprises and affecting the development of enterprises. As one of the important support policies for Xinjiang, resource tax reforms have finally taken the first step this year. At the beginning of June, the Ministry of Finance and the State Administration of Taxation issued the “Regulations on Several Issues Concerning the Reform of the Xinjiang Crude Oil Natural Gas Resource Tax” and announced that it will impose ad valorem tariffs on crude oil and natural gas resource taxes in Xinjiang from June 1. The tax rate is 5%. . The resource tax reform was first carried out in Xinjiang, which is both a special support for Xinjiang and a breakthrough to promote the national resource tax reform from brewing to implementation. Choosing a pilot in Xinjiang is conducive to providing experience and lessons for the full implementation of the resource tax reform. Just before the release of Xinjiang's resource tax reform policy, Caijing reporter learned that in the reform to be carried out from June 1st on, crude oil and natural gas resource tax will be changed from quantity measurement to ad valorem, with a tax rate of 5%. . At the same time, the coal resource tax will also be imposed on ad valorem in Xinjiang, with a tax rate of 2%-5%. The content of the coal resource tax was not included in the tax reform for some reason. At the Western Development Conference held on July 5-6, it was clear that the western resource tax will be levied from specific collection to ad valorem. In addition to crude oil and natural gas, coal resources are also explicitly included. With regard to the specific contents and timing of the resource tax reform in the western region, relevant persons from the Ministry of Finance stated that the CPC Central Committee and the State Council will soon issue opinions on the implementation of policies and measures for the development of the western region, and the taxation and taxation authorities will formulate operational documents based on this opinion. The expansion of the scope of resource tax reform to the entire western region marks the further deepening of this reform, and the promotion of resource tax reform to the entire country should not be far off. On July 8, the new office of the State Council held a press conference on the development of the western region. Du Ying, deputy director of the National Development and Reform Commission, said at the press conference that the central government has clearly carried out the reform of the resource tax reform in the Xinjiang Autonomous Region. Based on summarizing experiences, it will The country pushed away. The essence of the reform is to change the resource tax for crude oil and natural gas from ad valorative measurement to ad valorem. The current pilot tax rate is 5%, and it will gradually be pushed into the country in the future. This reform will significantly increase local fiscal revenue for the western regions where strategic resources are abundant. According to the current Provisional Regulations on Resource Tax, the taxable amount of resource tax shall be calculated in accordance with the taxable amount of the taxable product and the applicable applicable tax amount. The standard for crude oil is between 8 and 30 yuan per ton, natural gas is between 2 and 15 yuan per 1,000 cubic meters, and coal is between 0.3 and 5 yuan per ton. After these resources are changed from quantity collection to ad valorem collection, the amount of resource tax will increase substantially. According to the data provided by the Local Taxation Bureau of the Xinjiang Autonomous Region, after preliminary calculations, benefiting from the new resource tax policy, Xinjiang's crude oil and natural gas resources tax will increase by 3.2 billion yuan this year. The western part of China includes a total of 12 provinces, autonomous regions and municipalities directly under the central government. Besides Xinjiang, it also includes Shaanxi, Gansu, Ningxia, Qinghai, Sichuan, Chongqing, Yunnan, Guizhou, Tibet, Guangxi and Inner Mongolia. In the past decade, the development of unregulated and excessive resources in the development of the western region was not unrelated to the low resource tax. The low resource tax on the one hand caused the western government’s fiscal revenue to be low, on the other hand, it also led to the waste of resource extraction and utilization. The resource tax is a kind of tax subject to natural resources. The industry believes that with the rapid development of China's economy, the ever-increasing contradiction between the increasing demand for resource products and the limited resources and scarcity of resources. Some resource products, especially crude oil, natural gas and other energy products, have already had a relatively low standard for the amount of existing resource tax. Under the mode of fixed-quota taxation, resource tax standards cannot be adjusted in time with changes in product prices. In addition, the resource tax is a local tax. As the tax burden on resource taxes is low, local revenues are not obvious. Therefore, resource tax reform is imperative

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