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Green Petrochem Units in Iran to Be Exempted From Pollution Tax

Green Petrochem Units to Be Exempted From Pollution TaxGreen Petrochem Units to Be Exempted From Pollution Tax

Petrochemical companies that reduce carbon emissions and are environmentally friendly will be exempted from pollution taxes levied by the Department of Environment.
“Petrochemical complexes, the compliance of which with pollution standards is verified by the Department of Environment in its quarterly monitoring reports, will be no longer have to pay such taxes,” Shina Ansari, DOE’s head of Monitoring Office, was quoted as saying by NIPNA.
According to an amendment to the Taxation Law of the fiscal 2008-9, all petrochemical and refining industrial units are deemed carbon emitters and obliged to pay 1% of their sales revenues as tax.
The objective of carbon tax is to reduce the harmful levels of carbon dioxide emissions, thereby decelerating climate change and its negative effects on the environment and human health.
 

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