Key government institutions accept tax and fiscal policies to promote energy efficient products and investment

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published Oct 15, 2006 12:00 AM, last modified Feb 25, 2014 02:09 PM

 
Grantee- (Energy Research Institute, Research Institute of Fiscal Science) recommended incentives to promote energy efficient products and investment were accepted by key Ministry of Finance (MOF) and National Development and Reform Commission (NDRC) officials in April 2006. Enterprises are willing to invest in energy efficiency because they can deduct the investment and pay less tax. MOF and NDRC are working with relevant agencies to finalize the details and submit the regulations to the State Council for approval this year.

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