China Considers Draft Amendments to Environmental Protection Tax Law

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, Sept. 8 (Xinhua) — A draft amendment to China's Environmental Protection Tax Law was submitted to the 17th session of the Standing Committee of the 14th National People's Congress (NPC) for deliberation on Monday.

The draft amendments would subject all volatile organic compounds to an environmental tax as part of the country's efforts to tighten controls on such compounds.

Under current legislation, only 18 volatile organic compounds, including benzene and formaldehyde, are subject to this tax.

In order to improve air quality and strengthen ecological and environmental protection, it is necessary to amend the Environmental Protection Tax Law to include the remaining volatile organic compounds in the scope of the tax, according to Chinese Finance Minister Lan Fo'an.

Volatile organic compounds are organic compounds that play a role in atmospheric photochemical reactions. They are a major source of PM2.5 and ozone and can lead to air pollution problems such as haze and photochemical smog. -0-

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.