China Considers Expansion of Tax on Natural Resources
[2011-07-20 09:52:56]
A plan regarding the expansion of the natural resources tax has been submitted to the State Council, China's cabinet for approval, as stated by an official from the State Administration of Taxation (SAT) on July 16, 2011, according to the Shanghai Securities News.
Guo Xiaolin, deputy head of the general office at the SAT, made the statement at a press briefing July 16, 2011.
The scope for levying a natural resources tax will be expanded from including petroleum and natural gas to also including other resource products such as coal. The tax will be levied in accordance with the value of the resources, rather than based on the quantity.
Source: Chinamining.org
Related Articles:
- China Has Rich Resources for Developing Unconventional Natural Gas
(2009-09-29) - Goods, Resources and Hi-tech Flow of Trade
(2009-09-08) - China and Australian Cooperation on Resources Benefits Both
(2009-06-05) - Analysis: China Resources Tax Debut to be Delayed
(2009-06-01) - Natural Resources in China
(2009-01-14)
Most Read
- GACC Announcement No.10, 2017 on China-South Korea Goods Origin Info Exchange System
(2017-02-09) - Explanations on Compilation & Release of the "China Export Leading Indicator"
(2014-07-10) - GACC Announcement No.26, 2016 on (Cross-Border E-Commerce Retail Import/Export Control)
(2016-05-10) - GACC Announcement No.46, 2015 (on Uniform Social Credit Code Implementation)
(2015-10-10) - GACC Announcement No. 32, 2016 on (Uniform Social Credit Code for Legal Persons & Organizations)
(2016-05-13) - AQSIQ-CNCA Announcement No. 117, 2012 on Compulsory Certification-Free Products
(2012-08-16) - China Tariffs Implementation Plan for 2013
(2012-12-27) - Announcement of the General Administration of Customs of P. R. China, No. 43, 2010
(2010-07-06) - China Bans Export of Protected Fossils
(2010-11-25) - Customs Announcement No. 84, 2010 on 2011 Time-Table for Statistics Release
(2010-12-30)
