Ministry of Finance and State Administration of Taxation, PRC Resource Tax Law (Draft for Comments)

财政部、国家税务总局中华人民共和国资源税法 (征求意见稿)

January 25, 2018 | BY

Susan Mok

Issued: November 20 2017 Main contents: The Table of Resource Tax Items and Rates sets out four categories, energy minerals, metallic minerals,…

Issued: November 20 2017

Main contents: The Table of Resource Tax Items and Rates sets out four categories, energy minerals, metallic minerals, non-metallic minerals and salt, and 146 tax items. Other than appropriately adjusting the tax rate range for certain tax items, the Draft essentially maintains the current method of determining tax rates and current tax rate levels.

As of the effective date of these Measures, Chinese enterprises and foreign enterprises in Sino-foreign cooperative joint ventures to extract crude oil and/or natural gas and that pay mining royalties shall, in accordance with these Measures, pay resource tax and cease to pay mining royalties (Article 18).

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]