Country:China
Year:2014 (Feb 12th)
Policy status:In Force
Jurisdiction:National
Date Effective:2014 (Feb 12th)
Date Ended:2017 (Dec 31st)
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Hydropower
Policy Sector:Electricity
Agency:Ministry of Finance
URL:http://www.gov.cn/xinwen/2014-03/12/content_2636943.htm
Description:

In order to support hydropower development, unified and standardized large scale hydropower corporation tax policy, formulated related policies. Over 1 million-kilowatt of the hydroelectric plant of installed capacity (including pumped storage) sales of self-produced electricity products, beginning on January 1, 2013 to December 31, 2015, its effective tax burden more than 8% of the parts to the VAT immediate refund policies; from January 1, 2016 until December 31, 2017, its effective tax burden more than 12% of the parts to the VAT immediate refund policy.

Last modified: Tue, 07 Oct 2014 16:57:56 CEST