The sound of the vigorously levied resource tax has begun to rise again, and these arguments are no longer “quantitative†or “ad valorem,†but are specific when the tax rate is imposed.
The reporter learned from the Ministry of Finance that the Ministry of Finance of the Ministry of Finance had commissioned the China Mining Association to do a resource tax levy proposal. “In September, the person in charge of the Local Taxation Division of the Tax Administration Division convened gatherings of mining associations and representatives of enterprises to gather opinions. At the forum, industry associations and mining companies complained a lot.†One person who attended the forum told the newspaper. .
At the time of the Central Xinjiang Work Conference in May this year, resource tax reforms started from Xinjiang, but only for crude oil and natural gas, and were collected uniformly at a 5% tax rate. Two months later, the resource tax reform was extended to the 12 western provinces.
“It seems that the possibility of launching the plan this year is relatively small. The current plan of the Mining Federation has not yet been completed, and it is still necessary to solicit opinions.†On November 3rd, a person from the China Mining Association interviewed the newspaper. At the time, it was considered that it would be good to be able to push it off early next year.
What is certain, however, is that before the end of this year, the Mining Association will definitely draft a draft coal resource tax. According to one person who participated in the above-mentioned forum, at present, all parties are still inclined to 3%-5% tax rate, and implement the regional differential tax rate. "But as of now, it has not been determined." The above sources said.
In the "Proposal for the Central Committee on Formulating the Twelfth Five-Year Plan for National Economic and Social Development," which has just been issued, there is an indication of resource tax specifically. It is proposed to continue to promote tax reform and taxation, comprehensively reform the resource tax, and introduce taxation. Environmental protection tax; deepening the price reform of resource products and factor markets, rationalizing the relationship between resource prices for coal, electricity, oil, gas, water, and mineral resources.
The current collection method for China’s coal resource tax is still based on specific measures. In addition to the uniform tax of 8 yuan/ton for coking coal resources, the tax rate for other coal types in all regions is around RMB 3/ton.
Game Resource Tax Reform For resource tax reform, the financial and taxation departments and mining companies have disputed several times, and the disputes with the coal industry in particular have become increasingly fierce. “But later local governments openly supported resource tax reforms, especially in western provinces. It is imperative.†An official from the Ministry of Land and Resources said in an interview with this newspaper.
Liu Kejian, an adviser to the China Development Bank, said in an interview with this newspaper that the coal companies had better economic returns and ranked top in resource companies. The resource tax reform for the coal industry can follow a “moderate transition and gradually increase†principle, with small and steady progress. The increase in tax burden is not heavy, and the impact on the coal industry is small.
"According to the calculation of coal production and current prices in China in 2009, the net increase in resource tax for the whole year was less than 30 billion yuan, which is only 6% of the structural tax cut of 500 billion yuan. According to the current profitability of energy companies, they can absorb it completely. Liu Kezhen said.
Liu Kejian also believes that the impact of inflation, other energy products (such as coal) in the short term, due to resource tax reform to increase tax burden, price increases are limited.
“In the medium and long term, price changes will still mainly depend on the relationship between supply and demand in the market. After the price rises, it will reduce the downstream demand, and it will act to curb unreasonable demand and stabilize prices,†said Liu Kezhen.
For the fiscal and taxation departments, the industry does not agree that the China Coal Industry Association and other industry associations are almost unanimous: mining companies are currently heavily taxed, are currently not suitable for resource tax reform, or resource tax rates should be determined at 1% - 3% It is appropriate.
Wang Mingsheng, chairman of Huaibei Mining, publicly stated that the actual tax paid by coal companies accounted for about 18% of sales revenue, plus various policy measures and fees, and the actual tax burden exceeded 30%.
“If the resource tax is levied at a rate of 3.5% to 5%, according to the coal price in November 2009, the thermal coal tax will be charged at RMB 14/tonne to RMB 20/tonne, and the coal tax will be six times that of the previous coal companies. The overall tax burden will exceed 32%," said Wang Mingsheng.
The Yankuang Group Board of Directors Yan Jia Huai-Geng said that in recent years, various coal production enterprises, especially large-scale coal production companies, have become overtaxed and have increased the company's operating burden. Therefore, he proposed: Accelerate the implementation of consumer-type VAT policies, maintain the same standards for resource tax collection, and appropriately reduce other taxes and fees.
Weighing the tax rate According to statistics from the China Coal Industry Association, the current taxes and fees on coal resources include resource taxes, mineral resources compensation fees, exploration right use fees, prospecting rights, mining rights, and mining rights.
In addition, various departments also levied railway construction **, mining and environmental restoration guarantee deposits and port construction fees for coal enterprises, and some local governments also levied coal sustainable development**, coal mine conversion development**, and coal price adjustment**.
“This is a misleading account, and tax figures levied by local governments on meticulous projects have not been heard.†An official of the China Coal Industry Association was extremely indignant.
For the current taxation of the coal industry, Liu Kejian also admitted that although the tax burden on China’s resource tax is low, the various fees and charges surrounding the collection of mineral resources are numerous.
Therefore, Liu Kejian suggested that in order to provide further room for reform of resource tax and a reasonable corporate tax burden, after the implementation of the resource tax reform plan, illegal and extraterritorial charges should be abolished, management of mineral resources charges should be strengthened, and taxes should be gradually rationalized. Fees to ensure the continuous advancement of the resource tax reform.
This means that the current resource tax rate will not be too high, "certainly it will not exceed 10%, or else the company will be hurt." The China Mining Association said.
Take the Xilin Gol League in Inner Mongolia as an example. Most of the mines in the region are open-cut brown coal. “At present, the raw coal resource tax is 3.2 yuan per ton, and currently the overall tax burden of coal is around 18%. If it is changed to ad valorem, the VAT rate will be adjusted to 17%, an increase of 4 percentage points.†Xilin Gol League Financial Bureau An official said so.
The official believes that while not increasing the production burden of coal companies and downstream companies, the tax rate for coal resource tax can be considered to be levied between 3% and 8%, so that the overall tax burden of the company can be maintained at 18%-23%. Around, will not increase the burden on business.
The reporter learned from the Ministry of Finance that the Ministry of Finance of the Ministry of Finance had commissioned the China Mining Association to do a resource tax levy proposal. “In September, the person in charge of the Local Taxation Division of the Tax Administration Division convened gatherings of mining associations and representatives of enterprises to gather opinions. At the forum, industry associations and mining companies complained a lot.†One person who attended the forum told the newspaper. .
At the time of the Central Xinjiang Work Conference in May this year, resource tax reforms started from Xinjiang, but only for crude oil and natural gas, and were collected uniformly at a 5% tax rate. Two months later, the resource tax reform was extended to the 12 western provinces.
“It seems that the possibility of launching the plan this year is relatively small. The current plan of the Mining Federation has not yet been completed, and it is still necessary to solicit opinions.†On November 3rd, a person from the China Mining Association interviewed the newspaper. At the time, it was considered that it would be good to be able to push it off early next year.
What is certain, however, is that before the end of this year, the Mining Association will definitely draft a draft coal resource tax. According to one person who participated in the above-mentioned forum, at present, all parties are still inclined to 3%-5% tax rate, and implement the regional differential tax rate. "But as of now, it has not been determined." The above sources said.
In the "Proposal for the Central Committee on Formulating the Twelfth Five-Year Plan for National Economic and Social Development," which has just been issued, there is an indication of resource tax specifically. It is proposed to continue to promote tax reform and taxation, comprehensively reform the resource tax, and introduce taxation. Environmental protection tax; deepening the price reform of resource products and factor markets, rationalizing the relationship between resource prices for coal, electricity, oil, gas, water, and mineral resources.
The current collection method for China’s coal resource tax is still based on specific measures. In addition to the uniform tax of 8 yuan/ton for coking coal resources, the tax rate for other coal types in all regions is around RMB 3/ton.
Game Resource Tax Reform For resource tax reform, the financial and taxation departments and mining companies have disputed several times, and the disputes with the coal industry in particular have become increasingly fierce. “But later local governments openly supported resource tax reforms, especially in western provinces. It is imperative.†An official from the Ministry of Land and Resources said in an interview with this newspaper.
Liu Kejian, an adviser to the China Development Bank, said in an interview with this newspaper that the coal companies had better economic returns and ranked top in resource companies. The resource tax reform for the coal industry can follow a “moderate transition and gradually increase†principle, with small and steady progress. The increase in tax burden is not heavy, and the impact on the coal industry is small.
"According to the calculation of coal production and current prices in China in 2009, the net increase in resource tax for the whole year was less than 30 billion yuan, which is only 6% of the structural tax cut of 500 billion yuan. According to the current profitability of energy companies, they can absorb it completely. Liu Kezhen said.
Liu Kejian also believes that the impact of inflation, other energy products (such as coal) in the short term, due to resource tax reform to increase tax burden, price increases are limited.
“In the medium and long term, price changes will still mainly depend on the relationship between supply and demand in the market. After the price rises, it will reduce the downstream demand, and it will act to curb unreasonable demand and stabilize prices,†said Liu Kezhen.
For the fiscal and taxation departments, the industry does not agree that the China Coal Industry Association and other industry associations are almost unanimous: mining companies are currently heavily taxed, are currently not suitable for resource tax reform, or resource tax rates should be determined at 1% - 3% It is appropriate.
Wang Mingsheng, chairman of Huaibei Mining, publicly stated that the actual tax paid by coal companies accounted for about 18% of sales revenue, plus various policy measures and fees, and the actual tax burden exceeded 30%.
“If the resource tax is levied at a rate of 3.5% to 5%, according to the coal price in November 2009, the thermal coal tax will be charged at RMB 14/tonne to RMB 20/tonne, and the coal tax will be six times that of the previous coal companies. The overall tax burden will exceed 32%," said Wang Mingsheng.
The Yankuang Group Board of Directors Yan Jia Huai-Geng said that in recent years, various coal production enterprises, especially large-scale coal production companies, have become overtaxed and have increased the company's operating burden. Therefore, he proposed: Accelerate the implementation of consumer-type VAT policies, maintain the same standards for resource tax collection, and appropriately reduce other taxes and fees.
Weighing the tax rate According to statistics from the China Coal Industry Association, the current taxes and fees on coal resources include resource taxes, mineral resources compensation fees, exploration right use fees, prospecting rights, mining rights, and mining rights.
In addition, various departments also levied railway construction **, mining and environmental restoration guarantee deposits and port construction fees for coal enterprises, and some local governments also levied coal sustainable development**, coal mine conversion development**, and coal price adjustment**.
“This is a misleading account, and tax figures levied by local governments on meticulous projects have not been heard.†An official of the China Coal Industry Association was extremely indignant.
For the current taxation of the coal industry, Liu Kejian also admitted that although the tax burden on China’s resource tax is low, the various fees and charges surrounding the collection of mineral resources are numerous.
Therefore, Liu Kejian suggested that in order to provide further room for reform of resource tax and a reasonable corporate tax burden, after the implementation of the resource tax reform plan, illegal and extraterritorial charges should be abolished, management of mineral resources charges should be strengthened, and taxes should be gradually rationalized. Fees to ensure the continuous advancement of the resource tax reform.
This means that the current resource tax rate will not be too high, "certainly it will not exceed 10%, or else the company will be hurt." The China Mining Association said.
Take the Xilin Gol League in Inner Mongolia as an example. Most of the mines in the region are open-cut brown coal. “At present, the raw coal resource tax is 3.2 yuan per ton, and currently the overall tax burden of coal is around 18%. If it is changed to ad valorem, the VAT rate will be adjusted to 17%, an increase of 4 percentage points.†Xilin Gol League Financial Bureau An official said so.
The official believes that while not increasing the production burden of coal companies and downstream companies, the tax rate for coal resource tax can be considered to be levied between 3% and 8%, so that the overall tax burden of the company can be maintained at 18%-23%. Around, will not increase the burden on business.
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