The Rules For The Reduction Of Resources Tax Reform Have Been Finalized By &Nbsp; Only One Family Has Assessed 5%.

In June 7th, rules for reducing resource tax reform surfaced.

Of the 5 oil and gas production enterprises in Xinjiang, only one company pays 5% of the total tax.

The head of the State Administration of Taxation pointed out that the tax on crude oil and natural gas resources has been assessed since the beginning of this month. In the oil and gas exploitation enterprises, some tax relief policies can be enjoyed, and the actual tax rate is less than 5%.

Petrochemical double male tax rate 3.27%~4.96%

According to the rules of tax reduction promulgated by the State Administration of Taxation, 5 oil and gas enterprises in Xinjiang will pay taxes in accordance with their respective actual tax rates in any mining link, instead of calculating according to the contents of the "Regulations on the reform of the natural gas resources tax in Xinjiang" published previously, according to the category of "mining heavy oil, high pour point oil, high sulfur natural gas" and "three mining".

Specifically for Sinopec and PetroChina in Xinjiang's oil and gas exploitation enterprises, the actual tax rate of resource tax is 3.27%~4.96%, while the corresponding reduction rate is different from 0.04%~1.73%.

The State Administration of Taxation said that the implementation of reduction concessions is "in order to protect resources and environment, improve resource recovery rate and utilization efficiency".

Statistics from the Xinjiang autonomous region's Inland Revenue Bureau show that the total tax on resources tax in Xinjiang last year amounted to about 1 billion 230 million yuan, and oil and natural gas were about 800 million yuan, accounting for 65% of the total resources tax.

The total amount of resources tax paid by Xinjiang Oil Field Co is 260 million yuan, the largest amount.

According to Liu Liping, director of the tax and price division of the Finance Department of Xinjiang Oil Field Co, if the output of oil fields is flat this year, the resource tax of one year will be paid 1 billion 120 million yuan, an increase of 860 million yuan, an increase of 3.3 times compared with the previous year, according to the same caliber standard, according to the actual collection rate of 4.63%.

For the first time, the tax will be promoted nationwide.

The provisions on certain issues concerning the reform of the natural gas resources tax in Xinjiang stipulate the reduction policy for oil and gas resources tax. The crude oil and natural gas tax is based on the sales tax basis, and the ad valorem rate is 5%. In addition, the taxpayers who extract heavy oil, high pour point oil and high sulfur natural gas are reduced by 40%, and the three oil production resource tax is reduced by 30%.

The head of the State Administration of Taxation said that the implementation of the resource tax reduction policy for taxpayers who had paid attention to heavy oil, high pour point oil, high sulfur natural gas and three oil recovery was called for in the notice. This is a feasible method agreed by all parties. Many oil and gas field companies are cross provincial and cross regional operations, and three oil recovery and other tax reduction projects are divided into specialized and technically strong ones. The Grassroots Tax authorities have difficulty in grasping and verifying the situation and quantity changes of various oil and gas tax reduction and exemption projects, and the comprehensive reduction rate can reduce the workload of taxpayers and grass-roots tax departments.

In addition, when the resource tax rate is first opened in Xinjiang, the State Administration of Taxation has made the first public announcement that the resource tax will be promoted throughout the country.

According to the responsible person, Xinjiang's resource tax reform is a breakthrough in promoting the reform of the national resource tax.