The Circular on Adjusting and Improving Consumption Tax Policies

(Caishui [2006] No. 33) introduced the adjustment for the then 

consumption tax, including the tax categories, tax rates and relevant 

policies. These adjustments went into effect on April 1, 2006. The 

Circular named seven categories of refined oil products subject to 

consumption tax: gasoline, diesel, naphtha, oil solvent, lubricating oil, 

fuel oil, and aviation kerosene, and tentatively set a uniform tax rate of 

30% on all these categories.

The Circular on Adjusting the Consumption Tax Policies for Certain 

Refined Oil Products (Caishui [2008] No. 19) has changed the 

consumption tax on fuel oil to ?0.1 per liter starting from January 1, 

2008. The Circular on Raising the Consumption Tax Rate on Refined 

Oil Products (Caishui [2008] No. 167) has increased that tax rate to 

?0.8 per liter, effective January 1, 2009. Subsequent adjustments have 

increased the tax rate to the current level of ?1.2 per liter (or ?1,218 

per metric ton).

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