The hottest three departments support domestic oil

The three departments have issued import tax policies to support domestic oil and gas exploration, development and utilization during the 14th Five Year Plan period

in order to improve the energy production, supply, storage and marketing system, strengthen domestic oil and gas exploration and development, and support the import and utilization of natural gas, the Ministry of finance, the General Administration of customs, and the State Administration of Taxation recently jointly issued the notice on import tax policies for the exploration, development and utilization of energy resources during the 14th Five Year Plan period (hereinafter referred to as the notice), The Ministry of finance, the General Administration of customs and the State Administration of Taxation recently jointly issued the notice on import tax policies for the exploration, development and utilization of energy resources during the 14th Five Year Plan period (hereinafter referred to as the "notice") in order to improve the energy production, supply, storage and marketing system, strengthen domestic oil and gas exploration and development, and support the import and utilization of natural gas, It clarifies the import tax policy on energy resources from January 1, 2021 to December 31, 2025

the notice specifies that for projects carrying out oil (natural gas) exploration and development operations in specific onshore areas of China, projects carrying out oil (natural gas) exploration and development operations and emergency rescue of offshore oil and gas pipelines in China, and projects carrying out coalbed methane exploration and development operations in China, The import of equipment that cannot be produced domestically or whose performance cannot meet the needs and is directly used for exploration and development operations or emergency rescue (including 4. Experimental principles and methods are imported with the equipment according to the contract. 1. Technical data with different pneumatic range), instruments, accessories and special tools are exempt from relevant import taxes. For imported natural gas that meets the regulations, a certain proportion of import value-added tax will be refunded

the Ministry of Finance said that the policy will help to enhance China's oil and gas exploration and development capacity and emergency rescue level, promote the introduction and utilization of natural gas resources, and play an important role in ensuring a very broad utilization prospect for national energy security. Next, the Ministry of finance will work with relevant departments to do a good job in the organization and implementation