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Summary: Candy Au

Originally reported: Environmental Protection Department

Date: 6/2/10

Originally: 26/04/08

Tax Breaks for Green Factories [1]


Businesses that implement environmentally-friendly facilities will get an accelerated tax deduction, a measure aimed at encouraging the business community to use them. Environmental protection machinery includes low noise construction machinery or plants, as well as waste treatment, wastewater treatment and air-pollution control machinery, or a plant in compliance with the requirements under the department-administered ordinances. Subject to the Legislative Council’s passing of the Bill, amendments will be made to the Inland Revenue Ordinance.

Endnote

  1. Tax Breaks At Hand For Green Factories, EPD, 26/04/08

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