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NDRC: accelerating coal resource tax levied ad valorem rate

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NDRC: accelerating coal resource tax levied ad valorem rate

  The National Development and Reform Commission released the 30th national resources-based economy in Shanxi Province Comprehensive Reform Pilot Programme. The proposed scheme, the resources necessary to improve the environmental tax system, in accordance with the principle of 'Qing fee established tax', the to accelerate coal resource tax reform, the coal resources tax from the amount of taxable to the rate on taxable.
  Proposals to accelerate the construction of the financial system is compatible with the resource-based economy. Encourage innovative financial products, increase credit support for key industries and key areas, improve financial services for SMEs. Promote qualified enterprises listed. Actively participate in national securities over-the-counter market. Enterprise (company) support qualified enterprises to issue bonds, short-term financing bonds, medium-term notes and other debt financing instruments. Shanxi Province, the establishment of a Venture Capital Fund to support the development of venture capital investment; regulate the development of various types of equity investment enterprise (the Fund) to study the addition of coke futures delivery warehouse in Taiyuan. Expanding liability insurance, agricultural insurance coverage. Support the development of the insurance industry in Shanxi reform and innovation. Explore local government guide fund formation conducive to the promotion of resource-based economies in transition.
  The program also proposed to increase the financial support of the transition. Central financial support of water source protection and ecological restoration, increase transfer payments for social security, basic education, public health and other livelihood projects, and gradually increase the level of transfer payments of the central budget to Shanxi.

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