China alert: Energy & Natural Resources Focus - Issue 4, September 2012
As we enter the second half of 2012, it is time for us to summarise the tax and other regulations relevant to the energy and natural resources industry during the first half of 2012. This checklist covers some of the important circulars issued in the first half of 2012 by the State Administration of Taxation (SAT), the Ministry of Finance (MoF) and the Ministry of Land and Resources (MLR), with a focus on the energy and natural resources industries.
The checklist is not intended to be an exhaustive list of all circulars relevant to the energy and natural resources industries, nor is it intended to address the specific circumstances or cases of any particular individual or entity. In addition, there may be variations in the rules’ interpretation and implementation among local tax authorities.