The senior partner of M&T law firm Shi Zhiqun was interviewed by Accounting Messenger on the tax incentives of environmental tax.
Mr. Shi said there are three kinds of tax incentives in environmental protect industry. The first kind is enterprise income tax policy, including the policy for the reduction or exemption of enterprise income tax, tax credit for investment, reduced charge calculation of income tax policy, income tax policy for High-tech enterprise, R&D expenses plus deduction and accelerate depreciation of fixed assets. The second is the policy of value-added tax. The third is other kinds of taxes including resource tax, house tax and so on.