Coal Industry: Limited Impact by Resource Tax Reform

Resource tax reform has become a hot topic of public concern. Nowadays, the new regulations have come out a long time ago, which has aroused great concern in the energy industry.

The author believes that the resource tax reform has limited impact on the coal industry. As early as February 2007, approved by the State Council, Shanxi Province set the resource tax amount of coking coal at 8 yuan/ton, and this new resource tax regulation only pushes Shanxi's coking coal tax rate nationwide. The reserves of coking coal resources in Shanxi province are among the highest in the country, accounting for 55.35% of the country's total reserves. Moreover, not every coal enterprise produces coking coal. Even if there is coking coal, the proportion of production will not be large. Therefore, the actual coking coal production ratio of coal enterprises outside Shanxi Province will not be large. Coking coal is a scarce resource, and the resource tax of 8 yuan/ton is very easy to pass on to downstream industries. Therefore, from an industry perspective, the impact of the resource tax reform on the coal industry's operating performance is not great.

The new resource tax regulations do not include coal in ad valorem valuation. The author believes that the objective environment is not mature enough. The taxation structure of the coal industry is not reasonable enough. In addition to the relevant taxes, the coal enterprises must also pay the mineral resources compensation fee (1% of sales revenue), the mining rights price (30 yuan/ton), and the sustainable development of the Shanxi Provincial Government. ** (13 yuan/ton), mine environment restoration and management deposit (10 yuan/ton), coal conversion production development fund (5 yuan/ton) and mining drainage water resource fee (3 yuan/ton), coal collected by many local governments Price control** (10% of coal sales price), coal enterprise management fees, and mine management fees have increased the burden on companies. This not only fails to fully reflect the pros and cons of resources and the degree of scarcity, but also does not effectively play the role of saving resources and protecting the ecological environment and promoting the sustainable development of enterprises.

The implementation of ad valorem pricing for coal product resource taxation is a general trend. To further deepen the resource tax reform, the author proposes that: First, the premise of the ad valorem measurement in the coal industry is to optimize the tax and fee structure, carry out “tax reform” reform, and eliminate double collections. The compensation for mineral resources, coal price control** and various related charges collected by local governments (eg, sustainable development in Shanxi Province**) have enabled coal production companies in different regions to achieve fair tax burdens and effectively reduce coal. Business burden.

Second, the determination of coal resource tax rates must take into account the affordability of coal production enterprises and should not be too high. The coal industry is different from the oil industry in that the coal industry is a fully competitive market. The pressure of safety production is high. If the tax burden is too heavy, high coal prices will be more easily conducted downstream, and at the same time it will also affect the enthusiasm of coal mining.

Thirdly, the basis for taxation of coal resource tax is proposed based on the mine price. Since the coal price is greatly affected by the transport distance and mode of transport, in order to reflect the fairness of the tax law, the mine price after the removal of freight should be calculated as tax. basis.