China's Mining Fiscal Regime 2018 - A Focus on Governing Bodies, Taxes, and Royalties

1 Table of Contents

1 Table of Contents 2

• 1.1 List of Tables 3
• 1.2 List of Figures 3

2 China Mining Fiscal Regime: Key Highlights 4

3 China’s Mining Fiscal Regime: Ease of Doing Business 5

4 China’s Mining Fiscal Regime: Governing Bodies 7

• 4.1 State Council 7
  • 4.1.1 Ministry of Land and Resources (MLR) 7
  • 4.1.2 National Development and Reform Commission (NDRC) 8

5 China’s Mining Fiscal Regime: Laws, Regulations, Rights, and Obligations 10

• 5.1 Mineral Resources Law 10
  • 5.1.1 Regulations for Registering To-Mine Mineral Resources 10
• 5.2 Law on the Coal Industry 10
  • 5.2.1 Establishment of a Coal Mining Enterprise 11
• 5.3 Law on Safety in Mines 11
• 5.4 Environmental Protection Law 12
• 5.5 Rights 12
• 5.6 Obligations 12

6 China’s Mining Fiscal Regime: Taxes and Payments 13

• 6.1 Resource Tax 13
• 6.2 Land Appreciation Tax 13
• 6.3 Consumption Tax 14
• 6.4 Value-Added Tax (VAT) 14
• 6.5 Corporate Income Tax 14
• 6.6 Depreciation of Fixed Assets 14
• 6.7 Loss Carry Forward 15
• 6.8 Commodity Export Tax 15
• 6.9 Withholding Tax 16
• 6.10 Stamp Tax 16

7 Appendix 17

• 7.1 Abbreviations 17
• 7.2 Methodology 17
  • 7.2.1 Coverage 17
  • 7.2.2 Secondary Research 17
• 7.3 Contact Us 18