subject: Xinjiang Resources Tax levied ad valorem tax reform fired the first shot [print this page] Xinjiang Resources Tax levied ad valorem tax reform fired the first shot
Oil 5% tax rate may be initially for the proposed merger of tax experts
Years of deliberation, the resource tax reform has finally entered the implementation stage. May 20, 2009 annual shareholder meeting in the oil gap, oil shares in the company's chairman Jiang Jiemin said the resource tax reform has been identified in Xinjiang this year started a pilot, the amount levied by the change from ad valorem levied, he called on by the resources time to straighten out the tax reform of resource products in the tax structure and mechanism. Industry experts also recommended, taking into account capacity of enterprises, tax reform should be combined resources, taxes, tax rates can be increased year by year, not in one step. Xinjiang is China's long
Energy Major exporter of resources, because of local processing capacity is limited, most of the oil and gas, coal and other resources, by rail, road and pipeline exports to the Mainland for processing in Xinjiang has failed to form the local industry chain, can not significantly stimulate the rapid development of local economy . Currently, only the proportion of Xinjiang resource tax of 1.6% of tax revenue, which is the scale of resource exploitation in Xinjiang are not suited to the rapid growth.
Jiang Jiemin said that if the energy development in Xinjiang, the local people not to leave a certain return, they did not support the initiative, the petroleum resource tax reform is to support the pilot arrangement of Xinjiang.
Reporter learned that the current domestic oil resources around the tax imposed standards are not uniform, differences between the conditions imposed by resources, per ton of crude oil from 14 to 30 yuan, while the international resources of petroleum products for the oil tax is usually 10 %. Earlier, Finance Ministry officials also said publicly that, resources tax reform is proposed oil tax rate set at 10%, the initial charge of 5%. If international oil prices stabilized at the level of 70 dollars, the price of crude oil equivalent per ton of 3,400 yuan, 5% tax rate means to be turned over to the 170 yuan per ton. This represents the output of 135.6 million tons crude oil last year, if levied from the price of the full implementation, the resource tax paid throughout the year will reach 23 billion yuan.
This, Jiang Jiemin appeal: "I hope the timing of the use of resources tax reform, straighten out the tax mechanism of resource products, with special benefits payments considered together." He believes that the current tax system a bit confusing, several aspects are levied , and in particular income threshold for payments set at 40 dollars the year, with the appreciation of the RMB, in fact, is already 33 dollars initial fee, in the price oil companies have no special benefits.
Oil revenue payments in particular so called "windfall tax", when crude oil prices to a certain location, the state oil enterprise in proportion to the special revenue collection.
2008 when crude oil prices soaring, the oil was 85.2 billion yuan turned over to the special revenue funds; last year's average crude oil prices fall to 60 U.S. dollars a barrel, the oil proceeds to pay a special sharp decline to 20 billion yuan.
News Background Resource tax levy of 26 years without reform
By our current "Provisional Regulations on Resource Tax", resource tax to taxpayers Sell Number and the number of tax for the basis for their own use. This regulation is based on resource prices remain unchanged based on. But in fact, from the resource tax levy since 1984, has gone through a full 26 years, the years of resource products, prices rise as crude oil prices from 1984, less than 20 dollars per barrel up to 2008 close to 140 dollars, even experienced international Financial Crisis, the current crude oil prices still hovering in the 70-80 U.S. dollars.
Recent years, increasing demands for resources tax reform, because "quantity" of tax has not reflected the value of resources, and control environmental damage and pollution, and ecological restoration, relocation, social security funds required compared to just drop in the bucket, but can not play guide the whole society of non-renewable resources and conserve scarce resources.
Data show the country GDP (GDP) accounted for about 4% of the world's total, but 31% of global consumption of coal, oil 8%, 10% of the electricity, mineral resources recovery is only 30 %, lower than the advanced level of 20%.
