China is planning to expand its pilot water resource tax reform, which was first launched in Hebei province suffering severe water shortages last July, across more provinces and cities such as Beijing, Tianjin, Shandong, Shanxi, Shaanxi and Inner Mongolia, the State Administration of Taxation (SAT) said recently. It was reported that Shaanxi and Inner Mongolia has carried out intensive surveys and investigations to lay a good base for the reform. As the country's first pilot region for charging a water tax, Hebei province has seen a reduction of total water resource consumption by 460 million tons in 2016.
JUMORE Reviews
The water resource tax reform, which is a systematic long lasting work, is not a simple change from water fees to a water tax, but an important measure to break through institutional barriers of administrative management. The reform is conducive to reducing resource tax burden on enterprises and also helps to promoting green development through its positive roles in regulating water resource usage.
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