Provisions of Guangdong Province on the Administration of Price Regulation Fund
Provisions of Guangdong Province on the Administration of Price Regulation Fund
Provisions of Guangdong Province on the Administration of Price Regulation Fund
Yue Fu Ling No.141
November 16, 2009
The Provisions of Guangdong Province on the Administration of Price Regulation Fund, which was adopted after being revised at the 43rd executive meeting of the 11th People's Government of Guangdong Province on November 10, 2009, is hereby issued and shall come into effect on January 1, 2010.
Governor
Provisions of Guangdong Province on the Administration of Price Regulation Fund
Chapter I General Provisions
Article 1 In order to regulate the collection, use and administration of price regulation fund, fully use economic means to regulate the market, maintain the basic stability of the general level of market price, these Provisions have been formulated in accordance with the Pricing Law of the People's Republic of China and the Measures of Guangdong Province for the Implementation of the Pricing Law of the People's Republic of China and in light of the actual conditions in Guangdong Province.
Article 2 These Provisions shall apply to the collection, use and administration of the price regulation fund in the administrative region of Guangdong Province.
Article 3 For the purpose of these Provisions, the term "price regulation fund" refers to special fund collected by the people's governments at and above the county level and used to control and regulate the abnormal fluctuation of the price of significant goods closely related to the production and life of the people.
Article 4 The people's governments at and above the county level may establish and employ price regulation fund in accordance with the law and make great efforts to maintain the basic stability of market price.
Price regulation fund shall be subject to hierarchical management. The people's government at a higher level shall make great efforts to direct, inspect and supervise the price regulation fund work of the people's government at a lower level.
Article 5 The collection, use and administration of price regulation fund shall follow the principles of overall and balanced consideration, openness and transparency, unity of fairness and efficiency.
Article 6 The competent price department of the government is the competent authority for the price regulation fund and is responsible for the formulation, plan arrangement, and supervision and administration of policies on the price regulation fund; the finance department shall be responsible for the administration of funds in the price regulation fund; the local taxation department shall be responsible for the withholding and payment of the price regulation fund; other departments shall properly carry out work related to the price regulation fund within the scope of their respective duties.
Chapter II Collection
Article 7 The people's governments at and above the county level shall mainly collect price regulation fund through the method of social collection.
Article 8 Items for which the provincial-level price regulation fund is collected and their standards are as follows:
1. The price regulation fund shall be collected at 0.02 yuan/liter for wholesaled refined oil;
2. The price regulation fund shall be collected at 0.003 yuan/kilowatt-hour for the quantity of electricity sold each year by the provincial-level power grid;
3. The price regulation fund shall be collected at 0.04 yuan/cubic meter for wholesaled natural gas;
4. The price regulation fund shall be collected at 0.03 yuan/cubic meter for the quantity of water intake for which water resource fees shall be calculated and collected in accordance with the law;
5. The price regulation fund shall be collected at 0.1% for the communication business income of basic telecom operators;
6. The price regulation fund shall be collected at 50% for the prepaid communication fees which it is really impossible to return to consumers; and
7. Other collection items approved by the provincial people's government.
If the price regulation fund is collected according to items specified in the preceding paragraph, specific payers shall be determined and disclosed to the general public by the competent price department of the provincial people's government. The price regulation fund for the same goods for which there are more than two wholesale stages shall not be collected twice.
Article 9 The city and county-level price regulation fund collection items and standards shall be decided by the people's government at and above the prefecture level and be disclosed to the general public. The people's government at and above the prefecture level shall, within 10 working days of the date on which the decision is made, report the same to the competent price and finance departments of the provincial people's government for the record.
Article 10 The collection scale of the price regulation fund shall be fit with the conditions of the local economic and social development and the need of the market price control.
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