Xinjiang coal resource tax raised to 3 yuan per ton coal chemical industry impact is not yet obvious

The State Administration of Taxation announced on March 30 that, as of March 1, 2009, the applicable tax for coal (excluding coking coal) resource tax in Xinjiang Uygur Autonomous Region has been raised to 3 yuan per ton according to the relevant provisions of the Provisional Regulations on Resource Tax.
Before the adjustment, Xinjiang's coal resource tax was 0.3 yuan to 0.5 yuan per ton. At present, most of the other regions in China implement coking coal at RMB 3/ton, and other thermal coal resources have a resource tax level of RMB 1-2/ton.
It is understood that the country's adjustment of the Xinjiang coal resource tax standard aims to promote the coal production enterprises to save resources, improve the overall utilization of resources, and better transform Xinjiang's resource advantages into economic advantages. According to calculations, after adjusting the Xinjiang coal resources tax standard, according to the current annual output of more than 60 million tons of the autonomous region, the new coal resource tax revenue will be nearly 200 million yuan.
At the beginning of this year, the deputies of the people’s congresses of Hami Prefecture in Xinjiang proposed that the previously implemented coal mine resource tax in the area was a national standard developed 15 years ago. From the current situation of the development of coal resources in Xinjiang, this standard has been difficult to meet the actual needs. It is not obvious for the local economy to pull in, but it is also very easy to cause low exploitation rate and waste of resources. The representative of the district suggested that according to the current coal price, the coal mine resource tax should be appropriately increased, and the resource tax amount should be adjusted from 0.3 yuan to about 10 yuan.
An official from the Economic and Trade Commission of the Xinjiang Uygur Autonomous Region told a reporter from the China Securities Journal that in the past Xinjiang’s coal resource tax was too low and it has now risen to RMB 3/t, which has little impact on local companies that mine coal resources.
In recent years, domestic coal companies have marched into the Great Northwest, and dozens of domestic large-scale energy and chemical companies, such as Shenhua Group, Lu'an Group, Luneng Group, Xinwen Mining Group, Yankuang Group, have planned large-scale coal mining and coal in Xinjiang. Chemical project. According to the planning of the regional government, by 2020, Xinjiang's coal production will reach 1 billion tons, accounting for more than two percent of the country's total production. By then, Xinjiang's annual coal output will be 20 times the current annual output.

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