China to Extend Resources Tax Nationwide
China reaffirmed its plans on July 8 to eventually extend nationwide a resource tax being introduced in the western region of Xinjiang.
The government in the far western region of Xinjiang started levying a 5 percent resource tax on crude and natural gas sales, instead of output, in order to boost local fiscal revenues.
The central government has already decided to start a trial programme in Xinjiang on the resource tax, and the scheme will be promoted nationwide based upon the experiences in Xinjiang, Du Ying, a vice chairman of the National Development and Reform Commission, told a news conference in Beijing on Thursday.
"But the tax rates for different resource products may be different," Du said.
Premier Wen Jiabao said earlier this week that the government was on the verge of expanding the resource tax trial throughout China's western region and that it would also cover coal production.
- GACC Announcement No.24, 2015 (on Tax E-Pay in Paperless Customs Clearance)
- China Tax Admin Announcement No.13, 2014 on Foreign-Trade Serving Firms' Export Refund (Exemption)
- China Sets Tax on Low-grade Coal Imports; Impact on Indonesia Supplies Unclear
- LCCI Seeks Cut in Tax on Hybrid Cars' Import
- GACC Announcement No.18, 2013 on Tax Relief for Encouraged Investment Projects
- India Up Duty & Tax on High-end Consumer Goods
- EU to Tax More Imports of Chinese Steel Pipes
- Chinese Lighter Makers Evade EU Tax Via Vietnam
- India Considers Expanding Tax on Imported Power Gear
- China's Tax Policies Boost Software Industry Growth
- Measures On Trial Implementation Of Poor Credit Records In Foreign-Oriented Investment, Cooperation & Trade
- China Announces New Rare Earth Export Quotas
- China's SAFE to Open Pilot Regions for Policy of Export Earnings Kept Abroad Including Beijing in October 2010
- GACC-MOFCOM Announcement No.58, 2014 on Paperless Clearance for Automatic Imports into Shanghai Pilot Free Trade Zone
- China Announces Coming AD Expiry on Dichloromethane
- China's New Regulations on Rare Earth Minerals
- AQSIQ Announcement No. 186, 2012 Suspending U.S. Nuts from Sunland Inc.
- The Announcement of Standardizing the Import Order of Scrap Metal, Waste Plastic
- MOFCOM Announcement No. 92, 2014 (on Wool & Wool Top Import Tariff Quotas for New Zealand in 2015)
- Ministry: New Dairy Products Standards Meet with International Standards