China to impose environmental tax reaches RMB50 billion across countries a year
It is reported that the Environmental Protection Tax Law would be implemented on January 1st of 2018. From the industry point of view, the air pollutant discharge enterprises including such as ferrous metal smelting and rolling processing industry, non-metallic mineral products industry, non-ferrous metal smelting and chemical industry, electricity, heat production and supply industries.
It is understood that the implementation of environmental taxes were fixed rates, however, the differences in environmental taxes would eventually lead to differences in product prices and production scales, forcing enterprises to upgrade and transformation.
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