Abstract Resource taxes are approaching and the localities have begun to prepare accordingly. On June 27th, the official website of the Shanxi Provincial Government issued the “Implementation Rules on Further Strengthening the Management of Coal Resource Tax Collectionâ€. According to the "Rules", Shanxi Province will build a provincial coal resource tax monitoring system, September...
The resource tax is approaching and the localities have begun to prepare accordingly. On June 27th, the official website of the Shanxi Provincial Government issued the “Implementation Rules on Further Strengthening the Management of Coal Resource Tax Collectionâ€. According to the "Rules", Shanxi Province will build a provincial coal resource tax monitoring system, and monitor more than 95% of resource taxes in real time before the end of September. "As a new local tax main tax category and key tax sources, local governments will have stricter regulations on resource taxes," industry insiders pointed out.
In fact, this can be seen in Shanxi’s statement of “strengthening the collection and management, strictly implementing the tax policy, and resolutely preventing and combating the tax evasion of coal resourcesâ€.
Since the collection of resource taxes, especially in the past 10 years, China's resource tax revenue has grown rapidly, with an average annual growth rate of 27%. With this comprehensive rollout, the resource tax will largely alleviate the lack of local taxes due to the increase in the camp.
The resource tax reform, which will be fully promoted from July 1, will implement the ad valorem levy, clear the toll fund, break through the current limitation of taxation on mineral products and salt, pilot the levy of water tax, and further improve the green taxation system. To rationalize the relationship between resources and taxes, reduce the burden on enterprises, and effectively establish a regulation mechanism that directly links taxation and resource prices.
The rules are getting clearer
The local government has great autonomy in the collection of resource taxes. How to collect and collect them requires further detailed guidance. The construction of the ad valorem collection mechanism and the expansion of the scope of collection are the two core contents of this comprehensive promotion of resource tax reform.
According to the Interim Measures for the Pilot Water Resources Reform Pilot jointly issued by the Ministry of Finance, the State Administration of Taxation and the Ministry of Water Resources, the water resources of Hebei Province as a pilot were officially implemented. According to the regulations, water resources tax is levied on both surface water and groundwater, and the tax rate is based on the scarcity of water resources in the region, the severity of groundwater over-exploitation, and the different tax rates for different industries and different water uses. Among them, for agricultural water use, the water tax is not levied on the fixed amount of water, and the water resource tax is levied from the low level.
At the same time, the "Farming Water Conservancy Regulations" issued by the State Council will also be implemented on July 1. The "Regulations" clearly state that the state encourages the promotion and application of sprinkler irrigation, micro-irrigation, pipeline water irrigation, channel anti-seepage water irrigation, etc. Water-saving irrigation technology, as well as advanced agricultural machinery, agronomy and biotechnology, to improve irrigation water efficiency. "For Hebei, which lacks water, the taxation of water resources can greatly alleviate the current situation of extreme water shortage, and save water by tax." Industry insiders told the reporter of China Times.
For minerals, from July 1st, 21 listed resource titles such as iron ore, gold, copper, bauxite, lead and zinc, and other metal mines with unnamed names are included in the ad valorem. The scope.
At present, China has only six kinds of resource items such as coal, crude oil and natural gas, which are levied at a price, and more than 100 kinds of resources are still levied.
According to the State Administration of Taxation, the ad valorem mechanism has realized that resource tax revenue is linked to resource prices. When resource prices rise, it can automatically increase income and curb possible “overheating†in related economic fields. When the resource market is sluggish and the mine price is lower, the tax burden can be automatically reduced, the burden on enterprises can be reduced, the related mining industry can be prevented from being “cold too coldâ€, and the “automatic stabilizer†can be adjusted for the development of the mining economy.
The relevant person in charge of the Ministry of Finance stated that the Ministry of Finance, in accordance with the principle of taxation and fee shift before and after the reform, made overall considerations for the market price factors of mineral products in the previous year, as well as the collection amount of resource tax and mineral resources compensation fees, unified accounting, and reasonable determination of the tax rate of various mineral products. The magnitude of the tax rate is 1% to 15%.
In addition, in view of the narrow coverage of the current resource tax system, resources such as water, forests, pastures and tidal flats will be gradually included in the scope of taxation. In order to solve the limitations of the quantitative quota, in addition to a small number of mineral products such as clay and sandstone, which are scattered and mostly controlled by cash, it is difficult to control, and most of the mineral products are subject to ad valorem. For the problem of overlapping taxes and fees that has long plagued enterprises, starting from the source, comprehensively clearing the toll fund, reducing the rate of compensation for all resource items and mineral resources to zero, stopping the price adjustment fund, and banning the local fee-based fund for the violation of mineral resources. Projects to minimize the burden on the business.
Expanding tax rights
The reporter of "China Times" learned that the central government unified the tax rate of mineral products in this reform. Within this scope, the provincial people's government follows the principle of taxation and fee shift before and after the reform, and according to factors such as resource endowment and corporate affordability. The main taxable products propose specific tax rates, which expands the tax rights of provincial governments.
In this reform, combined with the uneven distribution of resources in China and the large regional differences, under the premise of not affecting the national unified market, it also gives local appropriate tax administration rights to mobilize local enthusiasm. Under the scope of the tax rate for mineral products stipulated by the central government, the provincial people's government shall, in accordance with the principle of taxation and fee shift before and after the reform, and propose specific tax rates for major taxable products based on factors such as resource endowment and corporate affordability, and report it to the Ministry of Finance. The State Administration of Taxation determines the implementation after approval.
"The reform also appropriately decentralizes the administration of tax administration, which is conducive to mobilizing local enthusiasm and jointly doing the design and implementation of the resource tax reform policy." The relevant person in charge of the State Administration of Taxation introduced.
In the view of Li Wanzhen, director of the Taxation Research Institute of the State Administration of Taxation, the resource tax reform has been fully promoted and will gradually release the five reform dividends. Not only can we gradually rationalize the distribution relationship between the government and enterprises, promote the sustainable and healthy development of the resource industry, and further standardize the relationship between taxes and fees, and reduce the unreasonable burden on enterprises. In addition, the tax adjustment mechanism will be further strengthened. In principle, taxes will be levied on resources with good resource conditions and high prices, less tax on resources with poor conditions and low prices, and tax incentives for resources that are difficult to exploit and comprehensively utilized. To promote resource conservation and efficient use. Fully mobilize the enthusiasm of the local development of the economy and the organization of income, to adapt to local conditions, precise policy, unified standardization of the tax system, and lay a good foundation for the legislative work of resource tax reform.
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