China Refined Oil Consumption Tax Reform Coming Soon?
On April 7, official of Taxation Department of the Ministry of Finance said at the press conference of the State Council Information Office that China will improve the local taxation system and rationally allocate local tax powers. Based on the reform plan for dividing the income between the central and local governments, the consumption tax bearer will transfer from upstream producers to downstream users, promoting the comprehensive reform of consumption tax.
China Refined Oil Consumption Tax Change
Unit: RMB/L
Date |
Gasoline |
Diesel |
Naphtha |
Solvent oil |
Lubricant oil |
Fuel oil |
Jet fuel |
Jan 1, 1994 |
0.2 (unleaded) |
0.1 |
- |
- |
- |
- |
- |
Jan 1, 1999 |
0.2 (unleaded)/0.28 (leaded) |
0.1 |
- |
- |
- |
- |
- |
Apr 1, 2006 |
0.2 (unleaded)/0.28 (leaded) |
0.1 |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
Jan 1, 2009 |
1.0 (unleaded)/1.4 (leaded) |
0.8 |
1.0 |
1.0 |
1.0 |
0.8 |
0.8 |
Nov 29, 2014 |
1.12 (unleaded) |
0.94 |
1.12 |
1.12 |
1.12 |
0.94 |
0.94 |
Dec 13, 2014 |
1.4 (unleaded) |
1.1 |
1.4 |
1.4 |
1.4 |
1.1 |
1.1 |
Jan 13, 2015 |
1.52 (unleaded) |
1.2 |
1.52 |
1.52 |
1.52 |
1.2 |
1.2 |
In terms of the refined oil consumption tax, currently, the tax is a tax included in price, and producers are the tax bearers.
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