The fuel tax reform plan in China

[2008-12-23 17:02:38]

The fuel tax reform plan in China
Tuesday,December 16,2008 Posted: 09:51 BJT(0151 GMT)
  From:bh    Article type:Original


It quoted the website of China Central Government on 13 inst. that China National Development and Reform Commission (NDRC) said in Beijing on the same day that most people in China favored the proposed fuel tax reform. In just one week, 48,643 people commented on China's draft plan to reform fuel taxation, most of whom welcomed the change.

According to the plan, the government will abolish six fixed-fees now charged for road or waterway maintenance and management. In Beijing, that adds up to about 1,300 yuan per year,per vehicle. Fees vary by city.

At the same time, the plan will raise gasoline taxes from 0.2 yuan (about 3 U.S. cents) per liter to 1 yuan and diesel taxes from 0.1 yuan per liter to 0.8 yuan. Thus, the plan is intended to cap and perhaps decrease, fuel use.

The reform plan was made open for public comments between Dec. 5-12 by the NDRC, Ministry of Finance, Ministry of Transport and State Administration of Taxation.

Source: 中华人民共和国商务部
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