Following the introduction of the fuel tax reform program, resource tax reforms have renewed their appeal.
The recent coal industry research report by CICC stated that the resource tax reform may be about to start and that the levy will be changed from the original measurement to ad valorem assessment next year.
"Resource tax reform will surely be pushed next year." Liu Zhiyao, head of the Energy Division of the Shanxi Provincial Economic Commission, said in an interview with this newspaper a few days ago that the relevant departments have already sought their opinions at the local level. It is a matter of time to reform the existing collection methods and raise the tax rate. .
Taking into account the impact of resource tax reforms to increase coal mining costs, Liu expects the contract coal prices to increase appropriately on the basis of last year at the national coal ordering meeting later this month.
“The direction of reform has been basically clarified. Now is the timing choice.†Su Ligong, chairman of the China Coal Economic Research Association, said that in 2009 the resource tax reform will be introduced at the right time, mainly two things: First, the way of collection will be from the current The quota is levied from fixed amount to fixed rate, and the second is appropriate increase of the collection standard.
The current tax rate is low
Last year, commissioned by the Taxation Department of the Ministry of Finance, the China Coal Economic Research Association completed the research project of “The reform of the taxation and fee system of coal enterprises†and provided decision-making advice to the financial department in implementing the resource tax reform.
In their research report submitted to the Ministry of Finance, they compared the current two methods of measurement, namely, fixed quota measurement and fixed rate measurement. The conclusion reached is that the current assessment method has a lot of human factors in setting quota standards and cannot reflect the impact of price changes on taxes in a timely manner, and taxation is not linked to prices, which is not conducive to its function of regulating income distribution; and ad valorem fixed rate meter The levy is the common method for the collection of coal resource taxes in the world's major coal-producing countries and is more suitable for the collection of resource taxes under market economy conditions.
Due to the immaturity of the market, the coal industry in China has a wide range of coal prices. At the same time, there are multiple prices including taxable price, pit price, port closing price, and arrival price for mine car plates. After a comprehensive comparison, the report concluded that from the point of view of coal production and processing, raw coal and coal preparation should be the object of taxation, and the taxable price of car plates on the mine site should be used as the tax basis.
The resource tax is a new tax after the 1994 tax reform, which belongs to local income and is an important source of revenue for key coal-producing regions. At present, the coal resource tax collection standards for Shanxi and Inner Mongolia are 3.2 yuan/ton. In 2007, the State Administration of Taxation raised the coking coal resource tax to 8 yuan/ton.
According to the report, it is not reasonable to set separate taxes and fees for coking coal according to its purpose. Instead, a protective tax rate can be set for rare-earth coal, and it can also be applied to rare coking coal such as primary coking coal and high-quality anthracite coal.
"On the issue of tax rate, raw coal is now charged 2-5 yuan per ton of resource tax and coking coal is 8 yuan, an average of 3.5 yuan, which is about 1% of the coal sales price." Su Ligong thinks that this levy is on the low side and can be appropriately increased. To 3%, but it is better to merge with the compensation for coal resources of the land sector, so that tax and fee reforms will advance simultaneously.
Resource compensation fees were first introduced in 1992. The state regulations are mainly used for mineral resources exploration expenditures, protection expenditures, and grants from the collection agencies.
At the same time as the financial department brewing the reform of resource taxes, relevant departments also plan to raise the standards for the collection of resources compensation fees from the current 1% to 3%. Su believes that taxes and fees can be combined, but this requires the consent of the land and resources department.
Two Steps to Advance Resource Tax Reform
After several sets of proposals were put forward, informed sources in the coal industry revealed that the finance department envisages to advance the resource tax reform in two steps, first to 5%, and then to 10% when conditions are ripe. This program has been demonstrated in various aspects and will be introduced at the right time.
Market participants estimate that if a resource tax is levied at the 10% tax rate, the net profit impact on coal companies will average over 20%. A financial officer of a coal company disclosed to reporters that since the reform of the tax system in 1994, since the introduction of the resource tax, according to the calculation of the total industrial output value, the average tax burden for Chinese coal companies is more than 20%.
"The current resource tax does have drawbacks such as the taxable tax base being too narrow, the tax amount being too low, and the tax calculation method being unreasonable. Raising the tax rate level is the general direction of the resource tax reform." The finance source said that resource tax reform should be linked to price reforms. Supporting the process, it is necessary to consider rich mines, poor mines, and regional differences as well as the affordability of coal companies and consumers.
Taking into account the current macroeconomic downward pressure on the market coal prices fell sharply, Su Ligong believes that now is not the best time for resource tax reform. “I personally think it should be a little slower, and then the camera will be introduced after the macro situation stabilizes.â€
His reason is that the value-added tax of the coal industry will be raised from 13% to 17% from January 1 next year, which is an increase of 4 percentage points. Under the current market environment, if the resource tax is levied by another 4 points, coal companies cannot stand. .
“Coal companies face the dual pressure of market and policy. At this time, local governments must first consider how to help enterprises maintain their normal operations and ensure that their cash flow and capital chain are not broken.†Su said, the central government has actively stimulated the economy. After the implementation of the policy, the market reaction in the second half of next year and the introduction of resource tax reform by the camera may be more secure.
According to Su, local governments in coal-producing areas such as Shanxi and other places have an attitude toward value-added tax reform and resource tax reform: reform can be pushed open, but the adjustment should not be excessive.
Egg Tray
Livestock Machinery,Egg Tray Machine,Packaging Tray,Packaging Boxes
Blow Molding Machine Co., Ltd , http://www.nblayercage.com