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China clarifies consumption tax exemption for biodiesel production
Source : china-briefing.com
Following its announcement in December last year that pure biodiesel made from waste plant and animal oil is exempt from consumption tax, the Chinese government has recently clarified the actual scope of animal and plant oils subject to such tax exemption. Experts say the tax incentives will not only largely support China's emerging biodiesel market, but will also effectively prevent waste oil from flowing back to dining tables. China's Ministry of Finance and State Administration of Taxation co-issued the "Circular to Clarify the Application Scope of Consumption Tax Exemption for Pure Biodiesel Made from Waste Animal and Plant Oils" (Caishui [2011] No.46) on June 15.
read more ...
4 July 2011 |
Legislation ::
Biodiesel ::
Asia
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Articles regarding Asia (75 articles)
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