Announcement of the State Administration of Taxation and the Ministry of Land and Resources on Several Matters relating to the Implementation of Preferential Policies on the Reform of Resource Tax
Announcement of the State Administration of Taxation and the Ministry of Land and Resources on Several Matters relating to the Implementation of Preferential Policies on the Reform of Resource Tax
Announcement of the State Administration of Taxation and the Ministry of Land and Resources on Several Matters relating to the Implementation of Preferential Policies on the Reform of Resource Tax
Announcement of the State Administration of Taxation and the Ministry of Land and Resources [2017] No.2
January 24, 2017
In order to implement the preferential policies on resource tax as stipulated in the Circular of the Ministry of Finance and the State Administration of Taxation on Comprehensively Promoting the Reform of Resource Tax (Cai Shui [2016] No.53) and the Circular of the Ministry of Finance and the State Administration of Taxation on Issues concerning Specific Policies on the Reform of Resource Tax (Cai Shui [2016] No.54), several matters relating to resource tax collection and management including declaration and examination are hereby announced as follows:
I. Cut and fill mining and mines in an exhaustion period, which meet certain conditions, shall be subject to resource tax at a reduced rate and also be subject to administration by record-filing.
II. Resource tax shall be reduced by 50% for mineral resources extracted from beneath buildings, railways and water bodies ("Beneath the Three") by way of cut and fill mining in accordance with the law. The specific scope of Beneath the Three will be determined by the tax authority at the provincial level in concert with the competent department of land and resources at the same level through discussion.
Cut and fill mining refers to the mining method where mineral products are extracted by way of filling the space such as goaf or separation zone with waste rocks, tailings, waste residues, building debris and special filling qualified materials in line with the advancement of the stope face.
Cut and fill mining subject to resource tax at a reduced rate shall meet the following three conditions at the same time: firstly, the filling must be completed with advanced and applicable cement or paste; secondly, the goaf must be subject to full coverage of filling; and thirdly, the underground aquifers and ecological environment at the Earth's surface must be subject to necessary protection.
III.
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Announcement of the State Administration of Taxation and the Ministry of Land and Resources [2017] No.2
January 24, 2017
In order to implement the preferential policies on resource tax as stipulated in the Circular of the Ministry of Finance and the State Administration of Taxation on Comprehensively Promoting the Reform of Resource Tax (Cai Shui [2016] No.53) and the Circular of the Ministry of Finance and the State Administration of Taxation on Issues concerning Specific Policies on the Reform of Resource Tax (Cai Shui [2016] No.54), several matters relating to resource tax collection and management including declaration and examination are hereby announced as follows:
I. Cut and fill mining and mines in an exhaustion period, which meet certain conditions, shall be subject to resource tax at a reduced rate and also be subject to administration by record-filing.
II. Resource tax shall be reduced by 50% for mineral resources extracted from beneath buildings, railways and water bodies ("Beneath the Three") by way of cut and fill mining in accordance with the law. The specific scope of Beneath the Three will be determined by the tax authority at the provincial level in concert with the competent department of land and resources at the same level through discussion.
Cut and fill mining refers to the mining method where mineral products are extracted by way of filling the space such as goaf or separation zone with waste rocks, tailings, waste residues, building debris and special filling qualified materials in line with the advancement of the stope face.
Cut and fill mining subject to resource tax at a reduced rate shall meet the following three conditions at the same time: firstly, the filling must be completed with advanced and applicable cement or paste; secondly, the goaf must be subject to full coverage of filling; and thirdly, the underground aquifers and ecological environment at the Earth's surface must be subject to necessary protection.
III.
......