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Ongoing Resource Tax reforms significantly expanded

Ongoing Resource Tax reforms significantly expanded

China Tax Alert - Issue 18, July 2016

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中国税务快讯

On 9 May 2016, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued Circulars 53 and 54. These push further forward the ongoing reform of Resource Tax. Separately, also on 9 May, MOF, SAT and Ministry of Water Resources (MWR) jointly issued Circular 55. This expanded Resource Tax to cover water supplies on a pilot basis in Hebei province.  All of these new rules come into effect from 1 July 2016.

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© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

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