Reported that the draft of coal resources tax at the end of the draft rate of 3 to 5

The industry said that before the end of this year, the Mining Association will definitely draft a draft coal resource tax. At present, all parties are still inclined to 3%-5% tax rate, and implement regional differential tax rates.

The comprehensive media reported on November 5 that the "Central Committee's proposal for the formulation of the twelfth five-year plan for national economic and social development" announced recently announced that it will continue to promote tax reform and comprehensive reform of resource taxes, which makes coal resources The tax issue has once again become the focus of attention.

The sound of the vigorously levied resource tax has begun to rise again, and these arguments are no longer “quantitative” or “ad valorem,” but are specific when the tax rate is imposed.

According to the 21st Century Business Herald, it was learned from the Ministry of Finance that the Department of Taxation of the Ministry of Finance had previously commissioned the China Mining Association to do a scheme on the levy of resource tax ad valorem. “In September, the person in charge of the Local Taxation Division of the Tax Administration Division convened gatherings of mining associations and representatives of enterprises to gather opinions. At the forum, industry associations and mining companies complained a lot.” One person who attended the forum told the newspaper. .

“It seems that the possibility of launching the plan this year is relatively small. The current plan of the Mining Federation has not yet been completed, and it is still necessary to solicit opinions.” On November 3, a person from the China Mining Association stated in an interview that It was already good to be able to push it off early next year.

What is certain, however, is that before the end of this year, the Mining Association will definitely draft a draft coal resource tax. According to one person who participated in the above-mentioned forum, at present, all parties are still inclined to 3%-5% tax rate, and implement the regional differential tax rate. "But as of now, it has not been determined." The above sources said.

Although the specific plan has not yet been determined, the impact of the program on coal companies has attracted widespread attention. The Securities Daily quoted industry insiders as saying that for coal companies, the upward adjustment of the resource tax will inevitably increase the cost of the company in the short term, but it will affect the performance of the company and whether the price will shift the cost rigidity upwards to the downstream, depending on Coal Supply and Demand Situations, (0)(0) Reviews This Article Other Comments Related Topics Related Information Financial News Forum Please enter the verification code for coal companies' bargaining power and coal's demand elasticity.

The staff of the Kailuan Securities Securities Department stated that it depends on the downstream market. If the coal market is relatively good, it can pass on part of the cost. We have calculated that if we do not pass on the cost, we will probably reduce the earnings per share by 0.01 yuan if we collect at a 5% tax rate, and the annual profit will decrease by 100 million yuan.

Zhang Shun, an analyst at Pingan Securities's coal industry, said that if the increased costs are passed on by companies, it will affect the performance, but the transfer will only be a matter of time and will certainly be passed on. In addition, this also involves the negotiation of a coal price at the end of the year. If it is levied before this time, coal prices will certainly rise.