Companies in the timber industry / Daily News / Forestry / Lumber / Wood Products / Wood-based panels / China / Global
January 8, 2018
China: New green tax will add to timber production costs
It has been reported that China will introduce an environment protection tax in January this year. This will be the first tax reflecting a ‘green tax system’ aimed at creating awareness in society of the need for environmental sustainability. Manufacturing enterprises will be affected as they will be encouraged to increase investment in environmental protection. Currently most of provinces in China have specific environmental taxes the standards of which vary considerably depending on the carrying capacity of the local environment, pollutant types as well as the development goals behind the environmental laws ...
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