环保税扩围加快推进

Core Points - The draft amendment to the Environmental Protection Tax Law is under review, aiming to expand the tax base to include all volatile organic compounds (VOCs) [1][2] - The amendment emphasizes accelerating pilot programs for VOC taxation, indicating imminent implementation [1] - The goal of the tax expansion is to improve air quality and enhance ecological protection while increasing local government revenue [1][2] Industry Impact - Key industries such as petrochemicals, chemicals, industrial coatings, packaging printing, and oil storage and transportation are major sources of VOC emissions in China [2] - The inclusion of all VOCs in the environmental tax will compel these industries to undergo transformation and cleaner production processes [2] - The Environmental Protection Tax is classified as a local tax, with all revenue allocated to local governments, which is expected to incentivize pollution control efforts [2] Financial Implications - Recent data indicates that environmental tax revenue has fluctuated around 20 billion yuan, with projections for 2024 at 24.6 billion yuan, reflecting a year-on-year increase of 19.7% [2] - For the first three quarters of 2025, environmental tax revenue reached 20.8 billion yuan, showing a year-on-year growth of 13.8%, significantly outpacing the national tax revenue growth rate of 0.7% [2]