Legislation roundup: Environmental tax, foreign-funded banks and enterprise income tax

June 12, 2015 | BY

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An environmental protection tax has replaced emission fees, the CBRC has taken responsibility for bankruptcy filings of foreign banks and the SAT has deferred tax payments for gratuitous asset transfers

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Environmental protection


Legislative Affairs Office of the State Council, PRC Environmental Protection Tax Law (Draft for Comments)
国务院法制办公室中华人民共和国环境保护税法 (征求意见稿)

The Draft replaces pollutant discharge/emission fees with the environmental protection tax on the