Resource tax reforms significantly reduce corporate burdens

In August of this year, the resource tax revenues of 129 reform taxes in the country totaled 2.065 billion yuan. Compared with the pre-reform policies, the overall tax reduction was 554 million yuan. The comprehensive reform of the resource tax, which is subject to taxation, taxation, and ad valorem pricing, not only brings about changes in the tax burden, but also more effectively promotes the intensive use of resources and the upgrading of the industrial structure.
The overall reform of the resource tax that began to advance on July 1st will be another major tax reform after the full implementation of the reform of the reform. The State Administration of Taxation recently released the first levy of tax data.
According to statistics, in the first levy in August, the country’s resource tax revenues for 129 reform tax purposes were 2.065 billion yuan. According to the pre-reform policy, the resource tax was 2.619 billion yuan, a decrease of 21.14%.
The reduction of key tax items and corporate tax burdens will deepen the reform of fiscal and taxation systems, promote the intensive use of resources, and speed up the construction of ecological civilization. China’s resource tax reform has been comprehensively promoted since July 1, 2016. The contents of reforms include the full implementation of ad valorem pricing methods. , comprehensively clean up the fee collection fund.
"The overall reform of the resource tax is a reform of all 129 tax items that have not yet been ad valorized in the previous period. There are 124 tax items subject to the implementation of clear-cut taxation and ad valorem tariffs. There are five tax items to be collected, mainly sand, clay, etc., where the sources of tax revenue are decentralized and the taxable prices are difficult to obtain.” The person in charge of the Department of Property and Behavioral Tax of the State Administration of Taxation introduced the implementation of the levy of water in Hebei Province. Resource tax pilot.
In the above 129 reform tax items, a total of 62,479 taxpayers applied for a resource tax of 2,065 million yuan in August, of which, 124 ad valorem tax items had a revenue of 1.73 billion yuan, accounting for 84% of the total; Yuan, accounting for 16%. A total of 7,809 water users in Hebei Province applied for a resource tax of RMB 122 million.
“Either from the perspective of key tax items or from the perspective of key enterprises, the tax burden is generally reduced,” said the person in charge of the Property and Behavior Tax Division.
From the typical survey of 130 key enterprises, the average burden rate after the comprehensive reform of resource taxes was 4.88%, which was 2.28 percentage points lower than the 7.16% resource tax burden before the reform, a decrease of 31.8%.
The comprehensive reform of resource taxes, which promotes the use of resources and the upgrading of industries with clear taxes, taxation, and ad valorem prices, not only bring about changes in the tax burden, but also effectively promotes resource conservation, intensive use, and industrial upgrading. Both the mechanism and the concept have brought about profound changes.
Pushing open the resource tax ad valorem reform comprehensively and establishing a regulatory mechanism directly linked to taxation and resource prices can reflect the principle of reasonable taxation burden, which not only effectively regulates resource income, and reasonably raises state fiscal revenue, but also helps enterprises out of current production and management. Dilemmas stimulate market vitality.
“In the current situation that the current ore prices are generally low, most of the companies’ burdens have been reduced by the resource tax ad valorem reform.” Li Wanbiao, director of the Taxation Bureau of Taxation Administration, said that mining companies and mining associations generally support comprehensive reforms, even though Graphite companies with rising tax burdens also expressed their understanding of the policy arrangements for protecting strategic resources.
Saving resources has become the common pursuit of enterprises. “According to the newly established preferential policy for this reform, the first signing period, the country has reduced resource tax for enterprises eligible for resource conservation and utilization by a total of RMB 2006,000,” said the person in charge of the Department of Property and Behavior Tax of the State Administration of Taxation, in order to promote the comprehensive utilization of resources. This reform provides tax incentives for mining difficult, high-cost, and comprehensive utilization of resources, including qualified depleted-phase mines, mineral resources that are mined and utilized synthetically.
The taxation fee will effectively release the reform dividend. The comprehensive promotion of the reform of resource taxes is the most concerned measure for enterprises. It is to clean up the fees and charges of enterprises and avoid double collection. The reduction of the mineral resource compensation fee rate to zero has greatly reduced the burden on enterprises and is conducive to the promotion of business development.
Water Resources Tax Reform Residents' Burden Flattening In this reform, the water resources tax pilot attracts people's attention.
The first levy, Hebei water resources tax revenue of 122 million yuan, the amount of tax water intake of 134 million cubic meters. “The overall change in the tax burden burden of water resources before and after the reform is 'three increases and three levels', which is generally in line with the original intention of the policy design.” According to Zhu Qingyu, chief economist of the Hebei Provincial Local Taxation Bureau, “three increases” means that the tax burden on groundwater companies has increased and exceeded. The tax burden of enterprises in the district has increased, and the tax burden in special industries has increased; “Sanping” means that the burden of domestic water consumption is flat, and the normal water consumption burden of enterprises is basically the same, and the agricultural water burden remains unchanged.
The water resources tax suppresses the regulation of groundwater overdrawing. The income tax for the first levy has increased by RMB 56 million compared to the average monthly income of the water resource fee in Hebei Province in the past three years, an increase of 86%. The average tax per cubic meter of water resources tax after reform is 0.3 yuan for surface water, 1.23 yuan for groundwater, and 4.1 times for groundwater. The difference between the two taxes is significantly greater than the difference between the fees for water resources before the reform.
It is understood that the Hebei Tangshan Sanyou Group, which is in a serious over-exploitation area of ​​groundwater, timely adjusted the water structure, and adjusted the ratio of groundwater and surface water from the original 6:4 to 1:9 after the reform. Xuanhua Iron and Steel Company is currently formulating a plan to treat urban reclaimed water as production water in order to replace the use of groundwater and continuously reduce the total water consumption.
“The taxation department will continue to implement various measures for the comprehensive reform of the resource tax, strengthen coordination with the departments of land and resources, conduct one-on-one counseling for key taxpayers, continue to amplify the reform effect, and boost the transformation and upgrading of the resource industry. Green development, said the person in charge of the Property and Behavior Tax Division of the State Administration of Taxation.

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