Adjustment of Import Linkage Consumption Tax on Product Oil

Under the approval of the State Council, since January 1, 2009, China will adjust the import linkage consumption tax on product oil. The relevant provisions are announced as follows:

(1)Relevant issues of adjustment on import linkage consumption tax

Ⅰ、The unit tax of import linkage consumption on unleaded gasoline was raised to 1.0 yuan per liter while the unit tax of import linkage consumption of lead gasoline was raised to 1.4 yuan per liter.

Ⅱ、 Resume the policy of levying import linkage consumption tax on naphtha and raise it to 1.0 yuan per liter.

Ⅲ、 Raise the unit tax of import linkage consumption tax on prime city naphtha to 1.0 yuan per liter

Ⅳ、 Raise the unit tax of import linkage consumption tax on diesel oil to 0.8 yuan per liter

Ⅴ、 Raise the unit tax of import linkage consumption tax on fuel oil to 0.8 yuan per liter, and levy the import linkage consumption tax on wax oil listed in the fuel tax items, with the unit tax of 0.8 yuan per liter.

Ⅵ、 Raise the unit tax of import linkage consumption tax on lubricating oil to 1.0 yuan per liter, and levy import linkage consumption tax on lubricate grease and lubricating base oil with the per unit tax of 1.0 yuan per liter.

Ⅶ、 Raise the unit tax of import linkage consumption tax on aviation kerosene to 0.8 yuan per liter but postponing the levy of such tax.

Ⅷ、 Cancel the import linkage consumption tax on bath powder and talcum powder in cosmetic.

Ⅸ、 The levy of consumption tax on cigarette still conform to the No.4 Announcement in 2004 promulgated by General Administration of Customs.

(2) Relevant issues on implementing the policy of import linkage consumption tax on product oil.

Ⅰ、When paying import consumption tax on product oil, the taxpayer shall make a declaration to customs separately and declare the import quantity simultaneity according to the No.1 legal measuring unit ( kilogram) and No.2 legal measuring unit (liter).

Ⅱ、When the customs issue tax special payment receipt of import consumption tax, the taxpayer shall fill consumption tax on import product oil in the column of budgetary account and fill Central Government in the column of budget level. When the customs issue tax special payment receipt of import consumption tax, the taxpayer shall fill consumption tax on import product oil in the column of budgetary account and fill Central Government in the column of budget level. For the over, short or non-payment import linkage consumption tax on product oil in precious years, the taxpayer shall make tax refund or make up according to the budget account above.

Ⅲ、Before adjusting the relevant procedures and parameters, the customs levy full deposit cash on consumption tax of product oil. After the adjustment of relevant procedures and parameters, the consumption tax will be turned or refunded.