China lifts resource tax for crude oil, natural gas
Print Edition
CHINA will lift a resource tax on crude oil and natural gas from 5 percent to 6 percent starting on December 1, in an effort to boost energy conservation, according to taxation authorities.
The change has marked the nation’s latest effort in pushing forward resource tax reforms, after authorities announced on Saturday a new tax on coal that will be based on sales rather than production from December 1.
The new resource tax rate on coal will be between 2 percent and 10 percent and the tax rate will be decided by provincial governments within the range, according to the Ministry of Finance and the State Administration of Taxation.
China had introduced a resource tax based on sales on crude oil and natural gas in 2010.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
