Resource tax reform in Xinjiang benefited over billions of dollars in crude gas at 5%

The tax rate for crude oil and natural gas is 5%, and the tax rate for coal is 2% to 5%. May 26, our correspondent from the Ministry of Finance's tax administration has been confirmed that the core content of Xinjiang resource Tax reform program-the resource tax rate, has been basically determined.　　The tax rate for crude oil and natural gas is 5%, and the tax rate for coal is 2% to 5%. The local finance in Xinjiang has benefited more than tens of billions of yuan resources tax reform in Xinjiang, the first essay, has become a matter of euphoria. "The resource tax reform, originally scheduled for 2007, has been launched, which is of great significance for the rational protection, development of existing resources and conservation of resources and energy."　　Andifu, a professor at the Institute of Finance and Finance of Renmin University of China, told our correspondent. The primary goal of the central choice of the pilot resource tax in Xinjiang is to realize the strategic goal of leaping development of Xinjiang economy. Because "fiscal support, in addition to the start of the pilot resource tax, but also to the difficult areas in Xinjiang to meet the conditions of enterprises to give enterprise income tax" two free and three halved "preferential, central investment continues to Xinjiang Autonomous Region and Bingtuan tilt.　　"Suming, deputy director of Finance Science Institute of the Treasury Department, told our correspondent. In view of the characteristics of resource tax, it is also appropriate to choose the pilot in Xinjiang. "Xinjiang is a region with extremely rich oil and gas resources, with large production, but the consumption of resources is mainly in the eastern coastal region." and the resource tax belongs to the local tax. The levy of resource tax will balance the income gap between the east and the west in this direction.　　"The effect of fiscal improvement will be very clear," says Prof Andifu. Petroleum and natural gas is the most advantageous energy resources in Xinjiang, the reserves occupy the second place in the country, the petroleum industry has become a pillar industry in Xinjiang.　　Among them, Karamay oilfield has become the largest petrochemical base in western China, serving the "west-East Gas Transmission" project. According to the available information, Xinjiang's 2008-year crude oil production was 27 million tonnes and the natural gas production was 23 billion cubic meters. "If a new resource tax mechanism is introduced, the oil and gas resources tax will be as high as tens of billions of dollars."　　"Andifu said. Before and after comparison, from the volume of the levy, crude oil per ton of up to 30 yuan, natural gas per thousand cubic meters up to 15 yuan. After the price levy, "the (Xinjiang) resource tax will increase by 405 billion yuan."　　"Andifu said. However, Suming said, "Xinjiang is rich in resources, but low mineral resource development rate, local processing capacity is very weak, oil and gas, coal and other resources to the inland processing, has not formed a complete industrial chain, resource advantages to local economic contribution is not small." In Xinjiang, the first implementation of the resource tax reform, fiscal adjustment of the leverage role in the short term will not appear. "A comprehensive reform of the resource tax is still a long way off." The current oil and gas industry tax includes value-added tax, business tax, exploration rights use fee, mining right use fee, mineral resources compensation fee, resource tax (from quantity levy), oil special income gold etc.　　The reform of resource tax has been looked forward to the change of tax pattern in the oil and gas industry. "The initiative of the central government to reform the resources tax in Xinjiang willThe tax on crude oil and natural gas is changed from the quantity to the price, and it is also appropriate to relax the access restrictions in Xinjiang with resource advantages, market demand in the region and surrounding areas, and gradually relax the policy of gas utilization and increase the size of the local use of natural gas. Such comprehensive measures are conducive to the promotion of resource tax reform.　　Andifu analysis. He therefore believes it is unclear whether the same comprehensive resource tax reform programme can be implemented elsewhere.　　So the resource tax in the country to promote, in the short term is unlikely. The decision to reform the resource tax in Xinjiang was not included in the coal resource tax when it was announced May 20. In this respect, there are quite a few questions. The Financial Secretary of the Ministry of Finance, interviewed by our correspondent, said that as the tax Chief secretary, they were "only responsible for formulating explanations", whether or not it was a tax on the resources tax reform in Xinjiang, and that the State Council's final announcement would be imposed. Whether the resource tax covers coal is regarded by academia as the key to the reform of the resource tax. "Coal on the one hand in China's energy consumption accounted for 60% of the overall relationship between the use of resources; On the other hand, under the national goal of energy conservation and emission reduction, coal has become the test of the success of the resource tax reform. "The leverage of the coal resource tax will be obvious and therefore very sensitive," Suming said. Reporter Hu Liang