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Oil revenue payments tax collection and management in particular by zyzy wang
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Oil revenue payments tax collection and management in particular by ZYZY WANG
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| Article Posted: 05/23/2011 |
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Oil revenue payments tax collection and management in particular |
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Business,Business News,Business Opportunities
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72 Issue date: 2006-3-25 Implementation date: 2006-3-25 Authorities issued a document: The People's Republic of China Ministry of Finance
Article To promote the reform oil pricing mechanism, and promote sustained Health Coordinated development of the gold standard oil revenue collection and management in particular, to develop this approach.
Article The term oil special revenue fund is the state oil company Sell Because of the price of domestic crude oil exceeds a certain level of income received in proportion to the excess revenue collected gold.
Article Where in the People's Republic of land areas and waters under the jurisdiction of the independent oil exploration and marketing companies, as well as in the above areas of joint venture, cooperation, etc. and sell crude oil and other mining enterprises (hereinafter referred to as joint venture enterprises), shall, in accordance with this approach oil proceeds to pay the special payment provisions.
Article Proceeds of oil in particular non-metallic central government Tax Entry into the central financial budget management.
Article Ministry of Finance is responsible for payment of oil special gain levy management. Ministry of Finance, the central oil companies to report and pay the special benefits of oil money; local oil companies to the Ministry of Finance Office of the Ombudsman in the local financial reporting and payment; joint venture shall pay the proceeds of oil in particular by the joint venture and cooperation of the Chinese gold enterprises deduct pay.
Article Gold in particular the implementation of the oil revenue over five progressive levied from the rate on a monthly basis, the quarterly payment.
Article Special levy percentage of oil revenue payments by oil companies selling crude oil to determine the monthly weighted average price. For ease of reference the level of international oil prices, crude oil prices in U.S. dollars / barrel pricing, minimum threshold for 40 dollars / barrel.
Specific charge rate and quick deduction below Table (Formula see table):
Article VIII Calculated oil revenue payments in particular when the barrel of crude oil tons of oil companies than by the actual implementation or affiliated species tons of barrels of oil than the calculated; U.S. dollar Renminbi Exchange rate Bank of China announced to the daily central parity of the month monthly average.
Article Oil companies over oil exploration group subsidiary companies, and oil in particular income payments to oil companies pay the group as a unit summary.
Article Particularly oil proceeds to pay oil companies gold, oil in particular should fill out income payment returns (see table), summarized the group after the end of each quarter within 10 working days after, the financial institutions to report and pay.
Article Financial institutions and oil companies on the special income group reported gold returns to carefully examine and confirm in writing, in particular oil companies oil proceeds payable in the amount of gold. Oil companies should receive written confirmation within 5 working days notice of the central treasury contributed.
Article XII Gold over to the treasury of oil revenue be used in particular the unified supervision of the Ministry of Finance "general payment book." Payment must fill out the elements listed in the book complete and correct. "Financial institutions" write "the Ministry of Finance", "budget level on the" write "central", "budget items" column of 71 categories of "other income" in section 7113 article, "Oil in particular the special revenue income payments."
Article XIII Oil exploration companies within the prescribed time limit oil special benefits not paid in full payment, shall be ordered paid by the financial institutions, and daily from the date of in arrears subject to a late fee of five ten thousandths.
Article XIV Financial institutions will be allowed to tax reduction or exemption from oil company shall pay the proceeds of oil in particular gold.
Article XV Special benefits include oil companies cost money, granted in the enterprise income tax deduction.
Article XVI Oil companies have not paid in accordance with these Regulations, in particular oil revenue payments by financial institutions in accordance with the "financial penalties for sanctions violations Ordinance" shall be punished.
Article XVII These measures March 26, 2006 from the Executive.
Article XVIII Responsible for the interpretation of this approach by the Ministry of Finance.
Table: Oil special income payment returns I want to comment I am an expert from Mp3 Player Manufacturers, usually analyzes all kind of industries situation, such as viking convection oven , industrial electric oven.
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