China Offers Preferential Tax Policies for Third-Party Pollution Control Enterprises
31 May 2021
With effect from 1 June, third-party enterprises engaged in pollution prevention and control in China are required to “make voluntary certification and self-declaration and keep relevant materials for future reference” in order to enjoy preferential income tax policies. The materials to be kept include fact sheets on their continuous operation of pollution prevention control facilities for over a year, as well as documents such as contracts and receipt vouchers relating to the operation of such facilities.
Full details can be found in the announcement jointly issued by the State taxation Administration, the National Development and Reform Commission and the Ministry of Ecology and Environment on 29 April (Announcement No. 11 ).
Source: State Taxation Administration
- Environmental Protection
- Mainland China