Ministry of Finance and State Administration of Taxation, Circular on the Comprehensive Implementation of the Resource Tax Reform

财政部、国家税务总局关于全面推进资源税改革的通知

July 05, 2016 | BY

Susan Mok &clp articles

Water included in resource tax levy.

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Issued: May 9 2016

Effective: July 1 2016

Main contents: On the basis of the implementation on coal, crude oil, and natural gas of the reform of levy on an ad valorem basis, the reform shall be comprehensively implemented for other mineral resources. The levy of resource tax on natural resources such as water, forests, grasslands and tidelands shall gradually commence (Article 1(3)).

Hebei Province will launch a pilot project to levy a water resource tax by switching from a water resource fee to a