July 19, 2011
Xinhua Daily
Translated by Chen Ya

Guo Xiaolin, the deputy director of the general office of State Administration of Taxation, said that a plan to expand a pilot reform to China’s resource tax has already been submitted to the State Council. The current pilot reform, which is being trialed in some areas of the country, taxes some resource according to the value sold rather than according to volume, as has been the practice in the past. According to the plan, the types of resources taxed according to this method will be expanded. The new-look resource tax is also expected to be expanded nationwide sometime in the future. The pilot tax reforms were first introduced in the Xinjiang Uyghur Autonomous Region in Jun last year and involved the levying of a 5 percent resource tax which is calculated according to the value of resources extracted.

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Xinhua Daily: 資源稅改革方案上報國務院