A few days ago, a document raising the coal resources tax has been reported to the State Council by the Ministry of Finance. The plan is to change the collection method of resource tax from specific collection to ad valorem. In addition, the collection standard may be calculated based on 10% of sales revenue. This standard is much higher than the market's earlier expected 3% to 5%.
China is known as the "coal country". Before 2002, during the period of low coal price in the country, the price per ton of coal was only 50 yuan. However, after this period, the national coal price has risen sharply, and now it has risen to an average price of 600 yuan per ton. The Chinese multi-millionaires One at a time every day.
However, the coal resources tax still maintains a 1% tax standard. Li Chaolin, an expert from the China Coal Transportation and Marketing Association, explained that since the current resource tax levied on the coal industry is implemented on a “measured basisâ€, the tax amount per ton ranges from 3.2 yuan to 4 yuan, which is converted into an ad valorem collection method with less than 1% tax burden. .
With regard to the minimal effect of a 1% resource tax, a person in charge of the Shanxi Tongmei Coal Group admitted: “The increase in the resource tax and the increase in the coal price are out of balance. The company will not care about the profit of several hundred yuan per ton. A few yuan of resource tax, blind mining is very common, and the recovery rate of large coal mines is less than 50%."
As to how the 10% standard is determined, Li Chaolin revealed that it is mainly based on the storage conditions of coal resources and the exploitation conditions, and the ad valorem collection may be based on different prices and collection standards.
However, with regard to the specific time when the resource tax was introduced, there were different views in the industry. Given the current high inflationary pressure, it is unlikely that this policy will be introduced in the short term. However, the head of the same coal group believes that it will be sooner or later after the Olympic Games.
China is known as the "coal country". Before 2002, during the period of low coal price in the country, the price per ton of coal was only 50 yuan. However, after this period, the national coal price has risen sharply, and now it has risen to an average price of 600 yuan per ton. The Chinese multi-millionaires One at a time every day.
However, the coal resources tax still maintains a 1% tax standard. Li Chaolin, an expert from the China Coal Transportation and Marketing Association, explained that since the current resource tax levied on the coal industry is implemented on a “measured basisâ€, the tax amount per ton ranges from 3.2 yuan to 4 yuan, which is converted into an ad valorem collection method with less than 1% tax burden. .
With regard to the minimal effect of a 1% resource tax, a person in charge of the Shanxi Tongmei Coal Group admitted: “The increase in the resource tax and the increase in the coal price are out of balance. The company will not care about the profit of several hundred yuan per ton. A few yuan of resource tax, blind mining is very common, and the recovery rate of large coal mines is less than 50%."
As to how the 10% standard is determined, Li Chaolin revealed that it is mainly based on the storage conditions of coal resources and the exploitation conditions, and the ad valorem collection may be based on different prices and collection standards.
However, with regard to the specific time when the resource tax was introduced, there were different views in the industry. Given the current high inflationary pressure, it is unlikely that this policy will be introduced in the short term. However, the head of the same coal group believes that it will be sooner or later after the Olympic Games.
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