Politics
20:07, 30-Dec-2017
China details rules for enforcement of environment tax law
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China's State Council has detailed rules for enforcement of an upcoming environment protection tax law, which will take effect on Jan. 1, 2018, reported Xinhua.
The regulations specified the taxation targets, tax-setting basis, conditions for tax reduction and exemptions as well as collection management for the law. The regulations also offer a cooperation mechanism between tax and environmental protection authorities.
Under the new Environment Tax Law, which targets enterprises and public institutions that discharge listed pollutants directly into the environment, companies will pay taxes for producing noise, air and water pollutants as well as solid waste.