On 24 August 2023, China’s Ministry of Finance, State Administration of Taxation, National Development and Reform Commission, and Ministry of Ecology and Environment have collaboratively issued Announcement No. 38 of 2023.
According to this announcement, China extended a 15% reduced corporate tax rate for third-party companies operating in pollution prevention and control by four years to 31 December 2027. However, Announcement No. 60 of 2019 initially introduced such reduced tax rate until 31 December 2023.
