Circular of the Ministry of Finance, the Ministry of Land and Resources and the People's Bank of China concerning the Related Matters on the Administration of Income from the Purchase Price of Mineral Prospecting Right and Mining Right |
Cai Jian [2006] No. 394 The public finance departments (bureaus) of each province, autonomous region, municipality directly under the Central Government, city specially designated in the state plan, the departments (bureaus) of state land and resources, the Shanghai Headquarters of the People's Bank of China, each branch, business department, central sub-branch of provincial capital cities and deputy provincial cities: In accordance with the Circular of the State Council concerning Rectifying and Regulating the Mineral Recourse Exploration Order in an All-around Way (Guo Fa [2005]No. 28 ) and the Decision of the State Council concerning Strengthening the Work of Geology (Guo Fa [2006] No. 4 ), in order to further deepen the reform of the systems of paid use of mineral resources and paid acquisition of mineral properties, rationalize the income distribution of mineral resources, and rationally determine the ratio for the sharing of income from the purchase price of mineral prospecting right and mining right between the central and local governments, the relevant issues concerning the administration of the income from the purchase price of mineral prospecting right and mining right are hereby notified as follows:
The concrete procedures of payment into the state treasury are: the registration administrative organ of mineral prospecting right and mining right fills a circular on payment to the state treasury in light of the evaluated price or negotiated price, or the trading price of bidding, auction and quotation for transferring mineral prospecting right and mining right, so as to inform the applicant for mineral prospecting right and mining right of the payment which shall be made within 7 workdays upon receiving of the circular. The income derived from the purchase price of mineral prospecting right and mining right that fall within the registration and administration ground of the State Land and Resources Department of the State Council shall be collected according to the Circular of the Ministry of Finance concerning Confirming the Related Matters on the Pilot Reform of the Administration System on Income Collection by the Ministry of Land and Resources (Cai Ku [2003]No. 6 ) and the related provisions concerning the reform of collection administration system. The collection of the income derived from the purchase price of mineral prospecting right and mining right that fall within the registration and administration ground of local land and resources departments shall, as for the places that have implemented the reform on the collection management system of non-tax revenues, be implemented in light of related provisions concerning the reform stipulated by the local departments of finance; as for the places that have not implemented such reform for the moment, a way of paying into the local treasury shall be adopted; a "general covering warrant" shall be used in handling the procedure of paying into the treasury, the budgetary account shall be filled in accordance with the related provisions of the Classification of Accounts of Government Budgetary Revenue and Expenditure of that year, and the ratio for sharing of each budgetary class shall be marked at the column of "Notes". The state treasuries at all levels shall, upon receiving of the payments, according to the stipulated ratio for sharing, turn over 20% of the payments to the general treasury of each higher national treasury level by level, and transfer 80% of the payments to provinces, municipalities or counties based on their respective ratios for sharing as prescribed by the relevant people's government of each province, autonomous region, and each municipality directly under the central government. Ministry of Finance of the People's Republic of China Ministry of Land and Resources of the People's Republic of China People's Bank of China August 14, 2006 |