Natural gas tax rate

Legal analysis: the natural gas value-added tax rate is 10%. According to the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Adjusting the VAT Rate (Caishui No.20 1832), the original VAT rate applicable to 1 1% was adjusted to 10% from May 2018.

Legal basis: Article 16 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection, if the contents of tax registration of taxpayers engaged in production and business operations change, they shall report to the tax authorities for the change or cancellation of tax registration with relevant documents within 30 days from the date when the administrative department for industry and commerce handles the change registration or before applying for cancellation of registration with the administrative department for industry and commerce.