China will expand a tax on oil and natural gas sales to the entire country as of 1 November, to try and reduce consumption.
The tax will be 5-10% of sales, the State Council said Monday.
A 5% experimental resource tax was introduced in the western province of Xinjiang in July last year, with revenues going to the local government.
The tax will be 5-10% of sales, the State Council said Monday.
A 5% experimental resource tax was introduced in the western province of Xinjiang in July last year, with revenues going to the local government.
