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

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

2 minute read June 12, 2015 at 05:32 AM
By
clpstaff and clp articles

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 strength of a law.

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