in December 25th, the environmental protection law twelve twenty-fifth meeting of the NPC Standing Committee voted through, which is China’s first single tax laws to promote the construction of ecological civilization, will be put into practice on January 1, 2018. The environmental protection law, will start from the tax lever to make the enterprise more sewage will pay more, less sewage can enjoy tax relief.

Analysts believe that tax revenues will increase sharply after levying environmental tax, environmental tax levied each year is expected to scale up to 50 billion yuan, environmental monitoring, water and solid waste sector will be the first to benefit.

Forced corporate emissions

As one of the highlight of this round of tax reform of environmental tax, significantly speeding up the process of legislation. In June last year, the draft legislation for public comment in August 29th this year, the NPC Standing Committee for deliberation, the NPC Standing Committee in December 20th for the two time to consider.