Environmental

On January 22, an environmental protection bill came before the Chilean Congress that would set stiffer penalties for environmental crimes and grant the Chilean environmental authority more oversight and prosecution powers.a

Climate change is no longer simply a corporate social responsibility issue. It will have the same impact on boards’ members, organization and decisions as privacy or cybersecurity, for example.

What exactly is a green loan? The term is being used in banking and finance news, in which the common denominator is the funding of renewable energy, energy efficiency, prevention and control of contamination, 'clean' transport and other projects related to environmental sustainability.

A new General Law on Sustainable Forestry Development was enacted, entering into force on June 6, 2018.

Music will have to be turned off between midnight and 9:00 a.m. on the decks of yachts and other vessels and on board cruise ships sailing or docked at the ports of the Balearic Islands.

This issue of Tax China Newsletter mainly includes: (1) Certain types of distributed profits re-invested in resident enterprise by overseas investors will enjoy beneficial tax deferral policy (Announcement of the State Administration of Taxation (“SAT”) [2018] No. 3 and Cai Shui [2017] No. 88); (2) The definition of the beneficial owner in tax treaties has been further clarified under Announcement of the SAT [2018] No. 9; (3) Announcement of the SAT [2018] No. 11 has further clarified a number of issues in the implementation of double taxation treaties; (4) The SAT issued the Announcement of the SAT [2017] No.46 regarding the country by country report; and (5) Implementation Regulations of Environmental Protection Tax Law is in effect since January 1, 2018.