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Circular on Adjusting the Name List of Chinese and Foreign Cooperative Offshore Oil (Gas) Exploiting Enterprises

Document No.:

Taxes:Value-added Tax,Consumption Tax,Service Tax,Administration of Tax Levy & Collection

Date of Promulgation:

IssueDepartment:Ministry of Finance,State Administration of Taxation

Date of Implementatio:2017-01-23



Finance Departments (Bureaus) and State Taxation Bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state budgetary plan and Finance Bureau of Xinjiang Production and Construction Corps,

In accordance with the development and changes of our offshore oil industry and to secure the smooth implementation of policies, the enterprise name list under “(II) Chinese and foreign cooperative offshore oil companies” of Article II in Attachment 3 of the Circular of the Ministry of Finance and the State Administration of Taxation on the Policy of VAT and the Consumption Tax Imposed on Exported Goods and Labor Services (Cai Shui [2012] No. 39) has been adjusted. “Chinese and foreign cooperative offshore oil(gas) exploiting enterprises” in Article XVII of the Circular of the Ministry of Finance and the State Administration of Taxation on Clarifying the Policy of VAT Imposed on Finance, Real Estate Development and educational supporting services (Cai Shui [2016] No. 140) shall be executed according to the adjusted name list.

I. Caofeidian operating company of China National Offshore Oil (China) Co., Ltd, Pengbo operating company of China National Offshore Oil (China) Co., Ltd, Lingshui operating company of China National Offshore Oil (China) Co., Ltd, Huizhou operating company of China National Offshore Oil (China) Co., Ltd, Locke Oil (Bohai) company and Zhihui Oil Investment Co., Ltd have been added to the original name list.

II. Kemaiqi China Petroleum Co., Ltd and CACT operator group have been deleted from the original name list.

III. The addition and removal of the aforementioned enterprises shall be executed from the date of their separate registration, alteration and cancellation of business.


The Ministry of Finance and the State Administration of Taxation

January 23rd, 2017


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