Secretariat TPR |
WT/TPR/S/412/REV.1 |
S-4§177 |
Argentina |
2021 |
Sectors |
Tax concessions |
Energy |
Relevant information
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4.177. Argentina also has several programmes to promote renewable energy. The National Directorate of Renewable Generation maintains the National Registry of Renewable Electricity Generation Projects (RENPER). The Regime for National Promotion of the Use of Renewable Energies to Generate Electrical Power sets the objective of increasing the share of renewable energy sources in the electricity matrix to 8% of national annual consumption by 31 December 2017, 12% by 31 December 2019, 16% by 31 December 2021, 18% by 31 December 2023, and 20% by 31 December 2025. The benefits granted by the Regime include accelerated depreciation in the calculation of income tax and early VAT refund for capital goods, civil, electromechanical and assembly works and other related services integrated into new generation plants or existing plants.
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Secretariat TPR |
WT/TPR/S/412/REV.1 |
S-4§181 |
Argentina |
2021 |
Sectors |
Tax concessions |
Energy |
Relevant information
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4.181. Law 27.424 (Official Journal of 27 December 2017), Regime for the Promotion of Distributed Generation of Renewable Energy to the Public Electrical Power Grid, sets the policies and establishes the legal and contractual conditions for the generation of electrical power from renewable sources by users of the distribution grid, for self-consumption, with the eventual injection of surpluses to the grid. It establishes the obligation of public distribution service providers to facilitate such injection, ensuring free access to the public electricity grid. The Law allows end users to generate their own energy through renewable sources for self-consumption and injection of surpluses into the electricity distribution system and provides for benefits such as tax credit certificates for the user-generator. By the end of March 2021, the Distributed Generation Regime had 411 authorized user-generators, 3.76 MW installed, 12 provinces and 143 registered distributors and electricity cooperatives.
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-4§108 |
Korea, Republic of |
2021 |
Measures |
Tax concessions, Investment measures |
All products/economic activities |
Relevant information
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4.108. Several tax credits continue to apply to, inter alia, investment in technology, human resources development, and the R&D expenses for new growth industries/engines and basic technologies (extended until 31 December 2021), as well as for job creation. (...) Investment in facilities for the purpose of environmental conservation continues to receive a 3% (5% in the case of middle-market enterprises and 10% for SMEs) tax credit (extended until 31 December 2021), which may be carried forward five years if unused. (...).
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-5§44 |
Korea, Republic of |
2021 |
Sectors |
Tax concessions |
Agriculture |
Relevant information
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5.44. The OECD suggested that income tax exemptions could impede resource reallocation to more profitable and competitive non-grain agricultural sectors and reduce farmers' incentives to record and manage their farming business activities through bookkeeping, while the fuel tax exemption may create incentives for excessive use of inputs and natural resources. [22]
[22] OECD (2018), Innovation, Agricultural Productivity and Sustainability in Korea, OECD Food and Agricultural Reviews.
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-5§141 |
Korea, Republic of |
2021 |
Sectors |
Tax concessions |
Manufacturing |
Relevant information
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5.141. To purchase, own, and use automobiles, various taxes are imposed (Table 4.11). The Government has been facilitating the development of eco-friendly cars by providing tax incentives.
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-Table-4.11 |
Korea, Republic of |
2021 |
Measures |
Tax concessions |
Manufacturing |
Relevant information
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Table 4.11 Vehicle taxes and tax reduction for eco-friendly vehicles, 2020
Tax reductions for eco-friendly cars
Category: Hybrids/plug-in hybrid electric vehicles (PHEVs)
Individual consumption tax: Temporary tax reduction: maximum KRW 1 million per car (up to December 2021)
Education tax: Tax cut: maximum KRW 0.3 million per car (up to December 2021)
Acquisition tax: Temporary tax reduction: maximum KRW 0.9 million per car (up to December 2021)
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-Table-4.11 |
Korea, Republic of |
2021 |
Measures |
Tax concessions |
Manufacturing |
Relevant information
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Table 4.11 Vehicle taxes and tax reduction for eco-friendly vehicles, 2020
Tax reductions for eco-friendly cars
Category: Electric vehicles (EVs)
Individual consumption tax: 5% of ex-factory price
Temporary tax reduction: maximum KRW 3 million per car (up to December 2020)
Education tax: Tax cut: maximum KRW 0.9 million per car (up to December 2020)
Acquisition tax: Tax cut: maximum KRW 1.4 million per car (up to December 2021)
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Secretariat TPR |
WT/TPR/S/414/REV.1 |
S-Table-4.11 |
Korea, Republic of |
2021 |
Measures |
Tax concessions |
Manufacturing |
Relevant information
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Table 4.11 Vehicle taxes and tax reduction for eco-friendly vehicles, 2020
Tax reductions for eco-friendly cars
Category: Fuel-cell electric vehicles (FCEVs)
Individual consumption tax: 5% of ex-factory price-Temporary tax reduction: maximum KRW 4 million per car (up to December 2022)
Education tax: Tax cut: maximum KRW 1.2 million per car (up to December 2022)
Acquisition tax: Tax cut: maximum KRW 1.4 million per car (up to December 2021)
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Secretariat TPR |
WT/TPR/S/415/REV.1 |
S-3§39 |
China |
2021 |
Measures |
Tax concessions |
Energy |
Relevant information
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3.39. As notified to the WTO, preferential VAT policies were in place during the period 2017-18 for: (...) (iii) integrated utilization of resources; (...) (v) photovoltaic generated electricity; (vi) hydropower electricity; (...).
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Secretariat TPR |
WT/TPR/S/415/REV.1 |
S-3§41 |
China |
2021 |
Measures |
Tax concessions |
Manufacturing |
Relevant information
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3.41. Under the 2019 Automobile Purchase Tax Law, China levies a 10% tax on domestically produced and imported vehicles.(...) The tax does not apply to (...) electric motorcycles. Since 2014, the tax has been exempted for certain new energy vehicles (NEVs); this exemption will remain in place until end-2022. NEVs exempt from the tax/levy are administered by the Ministry of Industry and Information Technology (MIIT) and the State Taxation Administration through the regularly updated Catalogue of Models of New Energy Vehicles Exempted from Automobile Purchase Tax. Both domestically produced and imported NEVs that meet all the specific requirements (which relate to, inter alia, technical requirements and testing and services standards) can apply to be listed in the Catalogue, and all the Catalogue-listed models can enjoy tax exemptions. [50] As notified to the WTO, other preferential tax rates applied in 2017 and 2018 to urban public transportation enterprises that purchase public buses and trolleybuses, low emission cars, and trailers. (...).
[50] The exemption criteria for the period 2017-20 are contained in the Announcement of the Ministry of Finance, the State Taxation Administration, the MIIT, and the Ministry of Science and Technology on the Exemption of Automobile Purchase Tax for New Energy Vehicles (Announcement No. 172, 2017). Seemingly, the exemption was extended until end-2022. (...).
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