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China to Pilot Water Tax Nationwide: What Does It Mean for Businesses

2024-10-17
Starting from December 1, 2024, China will implement a pilot water tax nationwide, replacing the current water fee charging mechanism. The shift from water use fees to water use taxes is designed to “strengthen the management and protection of water resources and promote the conservation, intensive and safe use of water resources (in China)”. The cost burden of water usage for residents and general industrial and commercial activities will remain unchanged. However, the burden will increase for high water-consuming industries and specific areas. In this article, we introduce what the new water tax is and how the shift from a fee charging mechanism will affect businesses in China.
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