The import value-added tax of the hottest imported

2022-09-28
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On December 1, the Ministry of finance, the General Administration of customs and the State Administration of Taxation jointly issued a notice to adjust the preferential tax policies for imported natural gas introduced in 2011 (from 2011 to 2020) and expand the scope of the return of import value-added tax to Myanmar China natural gas under PetroChina Our company has spare parts warehouse gas pipeline project, and CNOOC's Zhejiang and Guangdong Zhuhai LNG projects. At the same time, the sales pricing linked to the return rate of value-added tax has been raised accordingly

industry analysts believe that this adjustment will bring some major imported natural gas projects that have been put into operation since this year into the scope of the policy. In addition, the price of natural gas has risen once this year, and the sales pricing linked to the value-added tax return rate has also been raised accordingly. The purpose of the policy is to reduce the loss of natural gas imported by enterprises, stimulate imports and ensure domestic supply

policy adjustment tax rebate expansion

this policy adjustment, the China Myanmar natural gas pipeline project is newly added to enjoy preferential policies. The import scale of the project is 10billion cubic meters/year, and the import enterprises are China United Petroleum Co., Ltd. and Yunnan PetroChina International Co., Ltd. The starting time of enjoying the policy is July 1st, 2013

in addition, Zhejiang LNG project is also included in the scope of the policy. The import scale of the project is 3million tons/year, and the import enterprises are CNOOC gas and Power Group Co., Ltd. and CNOOC Zhejiang Ningbo LNG Co., Ltd. The starting time of enjoying the policy is September 1st, 2012

at the same time, Guangdong Zhuhai LNG project will also enjoy preferential policies. The import scale of the project is 3.5 million tons/year, and the import enterprises are CNOOC gas and Power Group Co., Ltd. and Guangdong Zhuhai Jinwan LNG Co., Ltd. The starting time of enjoying the policy is August 1st, 2013

in August, 2011, the state first introduced the policy of refunding import value-added tax at a certain proportion for covid (including liquefied natural gas) used in the back shell of imported natural gas such as xt910. At that time, the projects included in the scope of preferential policies were: Central Asia China natural gas pipeline project (30billion cubic meters/year) and Jiangsu LNG project (3.5 million tons/year) under PetroChina; CNOOC Guangdong LNG (68 pairs of force measurement work successfully completed 0 million tons/year), Fujian LNG project (2.6 million tons/year) and Shanghai LNG project under Shanghai Shenneng group (3 million tons/year)

the new deal also stipulates that the sales price of pipeline natural gas will be adjusted to 1.11 yuan/cubic meter from July 1, 2013. Wang Xiaokun, a natural gas analyst at zhuochuang information, pointed out that the domestic natural gas price was raised in July this year. Although the price of imported natural gas was still higher than the domestic sales price, the upside down ratio was narrowed, and the sales price linked to the value-added tax return rate was also raised accordingly

reduce losses to stimulate imports

will the increase in sales pricing reduce the return of value-added tax of PetroChina and CNOOC? Wang Xiaokun believes that due to the continuous growth of domestic natural gas imports, the more the increase, the higher the return amount will be. Therefore, the above policies can reduce the losses of enterprises importing natural gas and stimulate enterprises to ensure import supply

according to the statistics of the national development and Reform Commission, in the first 10 months of this year, the domestic natural gas import volume was 42.6 billion cubic meters, an increase of 23.9%. The agency also predicted that the gas supply to China is expected to start from 2013 to 2018, with a total volume of about 75billion cubic meters/year. By 2020, China's pipeline gas imports will reach 145billion cubic meters/year

the supply gap of natural gas varies from place to place this winter and next spring, and the gap in North China may be more than 6.8 billion cubic meters. On the whole, the gap areas are mainly Xinjiang, Tianjin, Beijing, Hebei, Shaanxi and other northern regions

with the start of heating in winter, all regions strictly follow the principle of "protecting civil use and pressing industry", and the upstream also began to limit gas to varying degrees. Some chemical and industrial gases have been affected. So far, in addition to the gas restriction of chemical enterprises led by Cangzhou Dahua, some LNG projects have also been affected, including Inner Mongolia Huayou, Hengtai, Xingxing energy, etc., and the output has decreased significantly. Moreover, the supply gap in North China has further led to tight supply in Southwest China

since November, the gas supply volume of Zhongwei Guiyang connecting line to Sichuan Province has decreased by nearly 10million m3/D, resulting in the forced shutdown of Datong Guangyuan and Sichuan Yonglong LNG with a design capacity of 300000 m3/d

in winter, the LNG purchase volume of major ports has increased significantly. At present, PetroChina and CNOOC actively mobilize resources and flexibly adopt various ways to ensure supply

according to the two companies, PetroChina Jiangsu Rudong LNG terminal will receive five ships in December, while from January to October this year, the terminal receives only two ships per month on average. At present, the external gas transmission capacity of Jiangsu Rudong LNG project has reached more than 30million m3/D, and it is at full load

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