The Resource Tax Law was promulgated in 2019 and entered into force on September 1, 2020.

There are 17 articles in total.

The key points are as follows:

1.The entities and individuals that develop taxable resources within the territory of the People’s Republic of China and other sea areas under the jurisdiction of the People’s Republic of China are taxpayers of resource tax, and shall pay resource tax in accordance with the provisions of this Law.(Article 1)

2.The taxable items and tax rates of resource tax shall be governed by the Table of Taxable Items and Tax Rates.(Article 2)