China Releases Administrative Measures on the Collection of Coal Resource Tax
14 Jul 2015
The State Administration of Taxation (SAT) released the “Administrative Measures on the Collection of Coal Resource Tax,” which will take effect on August 1. The Measures clarify the method for determining the taxable price of coal, the proper deductions for freight and other costs, as well as the tax calculation method of washed coal. Based on the Measures, coal will be taxed based on its sale price at a rate ranging between two percent and ten percent set by the provincial governments according to local socioeconomic conditions. For example, the rates in coal-dependent provinces such as Shanxi will be comparatively higher.
source: http://www.china-briefing.com