PRC Interim Regulations on Resource Tax

WASHINGTON financial channel network learned from the Chinese government, the State Council to modify the "PRC Interim Regulations on Resource Tax." The revised regulations, crude oil, natural gas rates are 5% -10% of sales, new regulations from November 1, 2011 shall come into force.
The following is the full text:
State Council on Revising the "Provisional Regulations on Resource Tax of the PRC," the decision
The State Council decided on the "People's Republic of Resource Tax" be amended as follows:
A first amended to read: "In the People's Republic of mining areas and waters under the jurisdiction of this Ordinance or the production of mineral salts (hereinafter referred to as mining or production of taxable products) units and individuals for the resources taxpayers, should be in accordance this Ordinance, subject to resource tax. "
Second, the second amended as follows: "resource tax items and rates, in accordance with the Regulations annexed to" resource tax rate table "and the Ministry of Finance of the relevant regulations.
"Items and rates of partial adjustment, the decision by the State Council."
Third, the third amended to read: "the specific tax rates applicable to the taxpayer, appended to these Regulations" resource tax rate table "within the range specified rate, according to the taxpayer or the exploitation of the resource grade production of taxable products, mining conditions situation, the Ministry of Finance to determine the business of the State Council departments; the Ministry of Finance did not list the name and did not determine the specific tax rates applicable to other non-metal ores and non-ferrous metal ore mining provinces, autonomous regions and municipalities according to actual conditions, the Ministry of Finance and the State Administration of Taxation for the record. "
Fourth, fifth, sixth of the merger as the fourth amended as: "resources tax payable, in accordance with the rate on the way to or from the amount fixed, respectively, multiplied by the taxable sales of the product ratio of the specific application of the taxpayer tax rate to taxable sales or number of specific application of the taxpayer multiplied by the fixed rates. "
Fifth, Article IV as a fifth amended as: "the taxpayer mining or production of taxable products in different items, different items shall be accounted for sales of taxable products or sales; not accounted for separately or can not accurately provide different taxable items product sales or sales volume, from the high tax rate. "
Sixth, be added as Article VI: "the taxpayer mining or production of taxable products, since for the continuous production of taxable products, do not pay resources tax; since for the other, regarded as sales, pay resources tax in accordance with the regulations. "
VII Article VIII of the "taxable amount" to "sales, or sales volume."
Eight, 15 amended as: "Measures of this Ordinance by the Ministry of Finance and State Administration of Taxation."
Nine, will be attached to the "resource tax the tax rate table" was changed to:


This decision November 1, 2011 shall come into force.
"People's Republic of resources, tax regulations," according to this decision be amended accordingly and a corresponding adjustment to the provisions of the order and re-promulgated.