The timetable for coal resource tax reform has finally been set。
Yesterday (29 september), the premier of the state council, li keqiang, convened a general meeting of the state council, which decided to implement a coal resource tax reform to promote the clearing of fees and taxes and reduce the burden on businesses. In accordance with the deployment of the state council, the coal resource tax has been converted from a quantitative to an ad valorem tax throughout the country, with effect from 1 december this year, at a rate determined by the provincial government within the prescribed range。
The daily economic news journalist noted that, in addition to imposing a resource tax, the standing committee of the state council had decided to further clean up the coal billing fund to ensure that the overall burden on coal enterprises was not increased. Li keqiang stated that the overall burden on coal companies cannot increase as a result of the collection of fees and taxes, which is a prerequisite for the reform and is clearly documented。
Provincial governments set specific rates
The general meeting of the state council held yesterday decided to change the tax on coal resources from a quantitative to an ad valorem tax throughout the country, with effect from 1 december of this year, on the basis of the clean-up process, to be determined by the provincial governments within the prescribed range。
The coal resource tax reform was seen as an important element and an established task in deepening fiscal reform. The reforms of the crude oil and gas resource tax have now been fully implemented, the coal resource tax reform has been introduced, and the improvement of the mechanism for price formation of the resource products has benefited the resource areas and promoted coordinated regional development。
Drebre information and coal industry analyst liu tana told journalists of the daily economic news that, because it had previously been measured in quantitative terms, some coal enterprises produced much more in real terms than they reported, and that companies often used to lose weight and waste their resources; after valorizing, they helped to increase resource use。
The claim of a coal resource tax has been going on for a long time, and resource tax reform is the best time in a situation where coal prices have continued to decline in recent years and have rebounded。
According to liu, when coal prices were high before, coal companies had the right to speak, and therefore tax changes continued to be delayed. With the reduced voice of coal companies and the protection of coal resources, the acceleration of the coal resource tax reform has become an expectation in industry. The most fundamental purpose of the resource tax is to achieve rational use of coal resources。
Actively clearing money everywhere
While setting the date for the levy on coal resources, the state council also decided to further clean up the costs associated with the coal industry. It was considered that the development of enterprises could also contribute to the rational exploitation of coal resources and to the development of science by reducing the many and varied fees。
In accordance with the request of the conference, local authorities must immediately proceed with the clean-up of coal-related fee funds, halt the collection of coal price adjustment funds, eliminate the cost of ecological compensation for primary minerals, local economic development of coal resources, etc., and eliminate the coal-related charges fund, which has been established in violation by sub-provincial local governments, and seriously investigate and punish non-compliance and ensure that the overall burden on coal enterprises is not increased。
The daily economic news reporter learned that a few months ago, the main coal-producing provinces of shanxi and shaanxi introduced regulations to centralize clean-up and regulate coal-related charges. “the current price of coal has fallen `deeply' and the burden of taxes and fees has been heavy, and local governments have not been very effective alone in saving markets.” according to several coal industry sources, in the current situation of low coal prices, the resource tax reform is as rapid as possible。
Li keqiang said, "there are now too many charges facing the company, and in some places, there are more than 108 charges like the `good man of liangshan'." “more important, he said, the fact that in some places fees are not only numerous, but also highly irregular, and that some enterprises are able to pay less, or even less, by facilitating `relations', not only has rent-seeking space, but also interferes with a level playing field in the market environment.”
Li keqiang said, “i am really worried that, in the process of “cleaning up the billing tax”, the “fees” have not been cleared and the “taxes” have been set up, making the running of the business even worse.” in response, the head of the ministry of finance immediately responded to a request that the reform should identify areas where the fee had not been paid and that new tax projects should not be allowed。
Responsible editor: zhang dei
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