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(1) Taxpayers
The taxpayers of Resource Tax include all units and individuals
engaged in the exploitation of mineral resources or production of
salt prescribed in the Resource Tax Regulations within the territory
"of the People' s Republic of China.
(2) Taxable items and tax rates
Table of Resource Tax Taxable Items and Tax Amount per Unit
| Taxable items |
Ta x amount per unit
|
| 1. crude oil |
8-30yuan per ton |
| 2. natural gas |
2-15 yuan per 1000 cubic
metres |
| 3. coal |
0.3-5 yuan per ton |
| 4. other non-metal ores
|
0.5-20 yuan
per ton or per cubic metre |
| 5. ferrous metal ores
|
2-30 yuan per
ton |
| 6. non-ferrous metal
ores |
0.4-30 yuan per ton |
| 7. salt (1) solid
salt (2) liquid salt |
10-60 yuan per ton 2-10
yuan per ton |
(3) Computation of tax payable
The amount of Resource Tax payable is based on the quantity of
the taxable products by applying the applicable tax amount per unit.
The formula is:
Tax payable = Quantity of taxable products กม Applicable tax amount
per unit
(4) The main tax reductions and exemptions
a. Crude oil used for heating or repairing wells in the course
of exploiting crude oil may be exempt;
b. For taxpayers suffering huge losses due to such reasons as accidents
or natural disasters in the course of exploiting or producing taxable
products, tax reduction or exemption may be given by taking into
consideration the seriousness of the situation;
c. The Resource Tax payable on iron ores and on the non-ferrous
metal ores by independent mines may be reduced.
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