Environmental protection tax policy boosts sustainable growth of Chinese enterprises

It marks the sixth year in 2024 that the environmental protection tax law has been enacted for the first time. Taxation is an important tool for the macro regulation by the state, and also one of the essential elements of business environment concerned by broad business entities.

Sound tax policies and tax-and-fee incentives provide great supports for the advancement of business entities.

The Environmental Protection Tax Law(EPTL)，formally implemented on January 1, 2018 , aimed to protect and improve the environment, reduce pollutant discharges, and promote ecological civilization construction.

Over the past six years, this law has guided enterprises to practice the concept of green development, to reduce pollutant emissions, and to promote ecological environmental protection.

As China's first green tax system, the EPTL is more environmental and social significance than financial one. It is believed that more and more business entities will become more aware of environmental protection in their development, and continue to shape new momentum and new advantages in development through high-level environmental protection.

Source: https://www.chinatax.gov.cn/eng/c101269/c5223457/content.html