Coal and Oil and Gas Resource Tax Reform Proposed

The Ministry of Finance and the State Administration of Taxation have recently issued the "Circular on the Implementation of the Reform of Coal Resource Taxes." The coal resource tax that will be inaugurated on December 1 finally welcomes the details of the reform, and resource taxes such as oil and gas will also be adjusted simultaneously.

The 64th executive meeting of the State Council held on September 29 decided that since December 1, 2014, the implementation of the ad valorem reform of coal resources tax will be implemented, and related charges will be cleared up.

The reporter learned from the Ministry of Finance and the State Administration of Taxation that the reform of coal resource taxes and fees mainly included the clearing of coal-related charges**, the change of coal resources tax from specific measurement to ad valorem, and adjustment of resource taxes such as crude oil and natural gas. Three parts.

To adjust the coal enterprise resource tax, clean-up charges must be premised. The plan will reduce the compensation rate for coal mineral resources to zero, stop the adjustment of coal price **, cancel the sustainable development of coal** (Shanxi Province), ecological compensation for primary mineral products (Qinghai Province), local economic development of coal resources Fei (Xinjiang Uygur Autonomous Region), banned coal-related illegally established coalmines under the provincial government.

How does the tax rate be determined after the coal resources tax is changed from quantity measurement to ad valorem? The plan is clear, combining the scale of resource taxes and fees, corporate affordability, and the conditions for the occurrence of coal resources, the tax rate will be set at 2% to 10%, and the people’s governments of provinces, autonomous regions, and municipalities directly under the central government will formulate the applicable tax rate within this range. Regions with higher fees burden should appropriately reduce the level of burden.

In addition, the coal extracted from coal mining during the depletion period can enjoy a 30% reduction in resource taxes, and a 50% reduction in resource taxes for coal that is replaced by filling and mining.

The two departments also adjusted the collection and management of coal resources. In order to facilitate the collection of both parties, after the reform, the self-produced raw coal used for washing and washing will be levied on the basis of the original coal taxation as a tax on washed coal that is processed on the basis of untaxed raw coal. For taxpayers mining and selling raw coal, raw coal sales are taken as the basis for tax calculation; for taxpayers selling self-procured raw coal for washing and coal washing, the sales tax is based on the sales of washed coal and multiplied by the conversion rate as the basis for taxation. .

The two departments also issued the "Circular on Adjusting the Related Policies on Crude Oil and Natural Gas Resources Tax." It was clarified that the compensation rate for crude oil and natural gas mineral resources will be reduced to zero from December 1, and the applicable tax rate for resource taxes will be increased from 5% to 6% accordingly. . At the same time, the crude oil and natural gas used for heating in the process of transporting heavy oil within the oil field are exempt from resource tax; and the tax on heavy oil, high-condensation oil and high natural gas resources is reduced by 40%.

The two agencies stated that in order to promote resource conservation, intensive use, environmental protection, and promotion of ecological civilization, the next step will be to speed up the promotion of ad valorem pricing reforms for other headline resource taxes, and follow the clean-up principle of coal resource tax reforms to clear up regulations. Related charges**. At the same time, according to the requirements of “gradually extending the resource tax to occupy various natural ecological spaces” proposed by the Third Plenum of the 18th CPC Central Committee, combined with the characteristics of related resources and the nature of resource taxes, the natural resources such as water currents will be gradually included in the collection of resource taxes. .