This announcement from Zhongyuan Oil and Gas highlights the implementation of a special oil revenue tax effective March 26, 2006, based on the price of domestic crude oil sales. The tax is structured with a progressive rate system, with specific rates and deductions outlined in a table. The company notes that fluctuations in international oil prices and exchange rates will impact its financial outcomes, particularly if prices exceed $40 per barrel.
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Stock Abbreviation: Zhongyuan Oil and Gas
Stock Code: 000956
Announcement Number: 2006-011
Zhongyuan Oil and Gas High-Tech Co., Ltd. Major Information Announcement
The company and its board of directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
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