China's State Administration of Taxation has announced that the Environmental Protection Tax Law was approved by the National People's Congress and promulgated on 25 December 2016. The law includes the introduction of new taxes that will replace the current system of pollution fees, which have proved ineffective. The forms of pollution covered include water, air, solid waste and noise. The standard rates are as follows:
- Air pollution: CNY 1.2 per pollution equivalent value unit;
- Water pollu…