On May 26th, 2005, Pan Derun, Vice President of China Petrochemical Industry Association, revealed at the "China Energy Strategy Forum" that State Taxation Administration of The People's Republic of China was conducting a feasibility study and China planned to levy a resource tax.

On May 28th, 2005, Ni Hongri, director of the Research Office of Macroeconomic Research Department of the State Council Development Research Center, revealed in an interview that the tax authorities had put the resource windfall tax on the agenda.

June 2005 5438+065438+1October 14 Vice Minister of Finance Lou Jiwei pointed out at a meeting that the state will consider levying "profit tax" or "windfall tax" on oil companies from 2006.

On June 26th, 2005, Lou Jiwei, Vice Minister of Finance of China, said that from 2006, the state would consider levying "special income tax" on oil companies to consider the long-term sustainable cost of oil resources.

On March 25, 2006, the Ministry of Finance issued a notice on printing and distributing the Measures for the Administration of the Collection of Petroleum Special Income, pointing out that these Measures shall come into force on March 26, 2006.

20 1 1 1 February 29th, the Ministry of Finance issued the Notice on Raising the Threshold of Oil Special Income, pointing out that the adjustment will be implemented from 2011.

On March 28th, 20 12, the Ministry of Finance issued the Notice on Adjusting the Collection Method of Oil Special Revenue.