Resource tax reform plan will be launched in the second half of the year

Following Shi Yaobin, the Director of the Taxation Department of the Ministry of Finance, said that the resource tax reform plan has basically matured, Xiao Jie, the director of the State Administration of Taxation, said recently that one of the priorities of the tax reform is to reform the resource tax system and increase the protection of resources. Tax authorities revealed yesterday (3rd) that the possibility of the introduction of the resource tax reform plan in the second half of this year is very high, and the scope of the collection of resource tax will also expand.

Groundwater exploitation or incorporation

“In this resource tax reform program, the scope of the collection of resource tax will also be adjusted and expanded.” According to the tax authorities, under the current macroeconomic policy background, energy conservation and emission reduction, and comprehensive utilization of resources have become increasingly The focus of development. The resource tax reform plan considers that some natural resources that have not been included in the scope of resource tax collection are also included in the scope of resource tax collection, such as groundwater exploitation, to promote the comprehensive utilization of resources and eliminate wasteful use.

The ad valorem plan does not distinguish between rich and poor

“The resource tax reform plan considers the change from quantity collection to ad valorem collection, that is, fixed rate collection. However, the ad valorem collection may not be highly targeted, that is, it may not distinguish between the lean and rich ore taxation rate standards. "This tax authority said.

At present, China’s resource tax is taxed according to the principle of specific levy, that is, how much tax is levied on the basis of the amount of extraction. For example, in an oil field or mine, oil or minerals are levied at a fixed rate per ton of fixed tax. The larger the amount of mining, the more tax resources are levied.

The reform of the resource tax is planned to be taxed on an ad valorem basis, that is, a fixed tax rate and a proportional tax. As a result, the sales prices of minerals and salt products have changed. Although the tax rate of the resource tax is fixed, the tax amount will change correspondingly with the sales price, which is closely related to the changes in market conditions. However, it is difficult to distinguish the hardships of poor mining and rich mining by the method of ad valorem collection based on the sales price. Instead, the taxation is uniformly based on the sales price.

"Resource tax reform, the collection method of ad valorem collection and quantity collection coexist is more appropriate." Sun Gang, a researcher at the Ministry of Finance Research Institute, believes that when the price volatility is obvious, it is more ideal to levy tax according to the ad valorem; but When the price is relatively stable, it is better to continue to collect the quantity. "Such as high-sulfur coal with high pollution, its price is relatively low. If the resource tax is levied on an ad valorem basis, high-sulfur coal will be cheaper than low-sulfur coal with a relatively high price."

Pressure on processing companies will increase

"Resource tax reform will lead to an increase in the tax burden on resource taxes. It is estimated that the resource tax for mineral resources will increase from around RMB 10 per ton to RMB 20 to 30 per ton." The tax authority said that the tax on resources tax The increase in negative costs will encourage enterprises to increase the comprehensive utilization of resources and promote energy conservation and emission reduction. At the same time, under the influence of price transmission, the cost pressure of processing companies will also increase. Affected by the time lag, this pressure will appear in the second year. RJ037

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What is a resource tax

Resource tax is a tax imposed on units and individuals that mine taxable mineral products or produce salt in China. China currently imposes a resource tax on the headings of crude oil, natural gas, coal, other non-metallic ore, ferrous metal ore, non-ferrous metal ore, and salt.

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