China’s Mining Fiscal Regime: H2 2014

China has rich metallic and non-metallic mineral deposits of nearly all types of known mineral resources. Mineral distribution varies from region to region, as differences in geotectonic zones and mineralization conditions create vast differences in mineral type, reserve amount and quality.

The country’s mining industry is governed by the Ministry of Land and Resources, as well as the Department of Resources Conservation and Environmental Protection. The Mineral Resources law is the apex regulating law for the development of the mining industry, the promotion of exploration, the development of mines, and the utilization and protection of mineral resources


GlobalData’s 'China’s Mining Fiscal Regime: H2 2014' report outlines China's governing bodies, governing laws, licenses, mining rights and obligations, key fiscal terms which includes royalty, resource tax, urban and township tax, land appreciation tax, enterprise resource tax, export tariff, vehicle and vessel usage tax, city maintenance and construction tax, stamp tax, depreciation, deductions, loss carry forward, capital gains tax, business tax, withholding tax, VAT and tax incentives.

Key Highlights

• The State Council is the highest state administrative body which carries out laws enacted and decisions adopted by the National People’s Congress (NPC) and its Standing Committee.

• The Ministry of Land and Resources is the main governing body for mining activities in China. It is responsible for the planning, administration, protection and optimum utilization of land, minerals and marine resources.

• The NDRC, under the State Council, studies and formulates policies for economic and social development. It balances economic factors and guides overall economic restructuring.

• The NEA is a department under the NDRC that is responsible for the administration of the energy sector, including coal, oil, natural gas, power, nuclear power and renewable energy. NEA provides guidelines related to energy conservation, the comprehensive utilization of resources in the energy sector, and scientific and technological advancement.

Reasons to buy

Gain an overview of China's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary

2 The Chinese Mining Industry – Governing Bodies

2.1 State Council

2.1.1 Ministry of Land and Resources (MLR)

2.1.2 National Development and Reform Commission (NDRC)

2.1.3 National Energy Administration (NEA)

2.1.4 Department of Resource Conservation and Environmental Protection

3 The Chinese Mining Industry – Governing Laws

3.1 Mineral Resources Law

3.2 Land Administration Law

3.3 Law on Coal Industry

3.4 Law on Safety in Mines

3.5 Environmental Protection Law

4 The Chinese Mining Industry – Mining Licenses and Ownership

4.1 Ownership of Minerals

4.2 Exploration and Mining License

4.2.1 Issuance of license

4.2.2 Areas of exploration

4.2.3 Terms of exploration

4.3 Establishment of Coal Mining Enterprise

4.3.1 Coal production license

4.3.2 Application requirements

4.3.3 Transfer of license

4.3.4 Cancellation of license

5 The Chinese Mining Industry – Mining Rights and Obligations

5.1 Rights

5.2 Obligations

6 The Chinese Mining Industry – Key Fiscal Terms

6.1 Royalty

6.2 Resource Tax

6.3 Urban and Township Tax

6.4 Land Appreciation Tax

6.5 Enterprise Resource Tax

6.6 Export Tariff

6.7 Vehicle and Vessel Usage Tax

6.8 City Maintenance and Construction Tax

6.9 Stamp Tax

6.10 Depreciation

6.11 Deductions

6.12 Loss Carry Forward

6.13 Capital Gain Tax (CGT)

6.14 Business Tax

6.15 Withholding Tax

6.16 Value Added Tax (VAT)

6.17 Tax Incentive

7 Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Secondary Research

7.4 Primary Research

7.5 Contact GlobalData

7.6 About GlobalData

7.7 GlobalData’s Services

7.8 Disclaimer

List of Tables

Table 1: The Mining Industry in China – Fiscal Regime Terms and Other Taxes, 2014

Table 2: The Mining Industry in China – Urban and Township Tax (CNY), 2014

Table 3: The Mining Industry in China – Land Appreciation Tax (%), 2014

Table 4: The Mining Industry in China – Export Tariff Rates from 2015, (%)

Table 5: The Mining Industry in China – Stamp Tax Schedule and Tax Rates (%), 2014

Table 6: The Mining Industry in China – Depreciation (Years), 2014

Table 7: The Mining Industry in China – Business Tax (%), 2014

List of Figures

Figure 1: The Mining Industry in China – Base Metals Production (Thousand Tonnes), 2009–2014


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