China Rolls Out Water Resource Tax Nationally

China's Ministry of Finance, State Taxation Administration, and Ministry of Water Resources jointly issued Notice No. 28 of 2024 on measures for the implementation of the pilot reform of water resource tax, which was released on 16 October 2024. The measures provide that from 1 December 2024, the pilot water resource tax will be implemented nationwide, replacing the current water fee charging mechanism. China first began the water resource tax pilot in 2016. In 2019, the water resource tax w…