In Hubei Province, A Price Regulation Fund Management Approach

Original Language Title: 湖北省价格调节基金管理办法

Read the untranslated law here: http://www.chinalaw.gov.cn/article/fgkd/xfg/dfzfgz/201204/20120400367254.shtml

In Hubei Province, a price regulation fund management approach (April 18, 2011 Hubei Province Government Executive Conference considered through August 7, 2011 Hubei Province Government makes No. 345, announced since October 1, 2011 up purposes) first article for specification price regulation Fund of raised, and using and management behavior, enhanced government price regulation capacity, stable basic life necessities price, guarantees masses basic life, according to People's Republic of China price method, and Hubei Province implementation straddling People's Republic of China price method approach, about provides,

    Combined with the facts of the province, these measures are formulated.

    Second price adjustment fund mentioned in these measures refers to the people's Government above the county level established by law, through a variety of ways to raise, funds used to control prices and stabilize the market.

    Article a price regulation Fund to implement territorial management.

    Within the administrative area of the people's Government above the county level shall strengthen the unified leadership of the price regulation fund management, are responsible for the price adjustment fund collection, management and use of examination and approval.

    People's Governments above the county level price is a price regulation Fund to the competent authority the competent authority responsible for price adjustment fund plan; local tax authority responsible for price adjustment Fund levy and remit; Finance Department is responsible for a price regulation fund management and supervision and other related departments in coordination within their respective mandates and make a price regulation fund management.

    Main article fourth price adjustment fund include:

    (A) local general budget revenue administrative fees of 2%;

    (B) important goods and services subject to Government pricing administration, due to special price policy formation increases income and vehicles using natural gas to increase revenues to subsidize expenditure balance of parts;

    (C) imposed on the social part;

    (D) agree to other ways of raising funds by the provincial government. Article fifth imposed a price regulation Fund to the community, taxpayers actually pay value added tax, consumption tax, business tax, 1% tax levy.

    Its scope is:

    (A) of the entertainment industry;

    (B) hotels, restaurants;

    (C) tobacco, alcohol and cosmetics industries;

    (D) the product oil, electricity, gas, heat, telecommunications and other essential commodities and services.

    If necessary, agreed to by the provincial Government of phosphorus ore resource products, such as the implementation of separate taxation.

    Article sixth price regulation Fund collected by the local tax authorities in tax at the same level, and paid to the State Treasury according to stipulations.

    Seventh article in accordance with the laws, administrative regulations, approved by the statutory approving authority or reduction, exemption from value added tax, consumption tax, business tax, and pay reduction, exempt from the price regulation Fund.

    Article eighth price adjustment fund mainly to stabilize cereals, basic necessities such as food prices, difficult group dynamics of life price relief, as well as key commodity reserves.

    Provincial people's Governments should use price adjustment fund within the province, trans-or major incidents caused by price fluctuation.

    Nineth price adjustment fund, should be important commodity prices by pricing departments in accordance with the monitoring and analysis of the situation, relevant departments for the scheme and approved by the people's Governments at the corresponding level.

    Tenth price adjustment fund units should be strictly in accordance with the provisions of article uses a price regulation Fund, and to the people's Governments at the corresponding level Department in charge of price, the financial sector report usage.

    11th a price regulation fund earmarked annual balance can be carried forward to the next year, no unit or individual may misappropriate or intercept or appropriate.

    12th audit departments shall strengthen price regulation Fund collection and the use of audit and supervision.

    13th Government price departments above the county level should be announced to the public on a regular basis the use of price regulation Fund, and performance evaluation.

    14th article in violation of these regulations, laws, regulations, penalties, from its provisions not provided for, in accordance with the provisions of that approach.

    15th price adjustment fund use not in accordance with the provisions of article uses a price regulation Fund, by the people's Governments at the corresponding level a rectification to terminate funding and recover funds that have been allocated; late is still not corrected, give notice of criticism, mainly responsible for personnel and other persons directly responsible shall be given administrative punishment or administrative punishment.

    Use lower level people's Governments in accordance with the provisions of price regulation Fund, by the higher people's Government ordered corrected; late is still not corrected, give notice of criticism, mainly responsible for personnel and other persons directly responsible shall be given administrative sanctions.

    16th price adjustment fund collection, use, and management of dereliction of duty, abuse of power, any one of the following acts, shall be ordered by the host rectified within the major in charge and other direct liable persons shall be given an administrative sanction; constitutes a crime, criminal responsibility shall be investigated in accordance with law:

    (A) misappropriation, interception, misappropriation of price adjustment fund;

    (Ii) price regulation funds use oversight or problem improperly, causing serious consequences;

    (C) violation of provisions without more, reduction, exemption, enlistment price adjustment fund.

    17th article of the rules for the implementation of the measures by the competent authorities and the financial sector, provincial local taxation organs. 18th article this way come into force October 1, 2011.