- The domestic carbon rights trading management measures will be implemented on August 15, with the first transaction expected in September.
- Sellers of carbon rights will need to pay a 5% business tax to the Ministry of Finance.
- The trading platform for carbon rights is managed by the Carbon Exchange, with fees collected and transferred to the Greenhouse Gas Management Fund.
- Sellers of carbon rights will be subject to a 5% business tax as it is considered a sale of services within the country.
- Fees collected by the platform from buyers will not be subject to business tax, as they are considered special public fees according to the Greenhouse Gas Management Measures.
Source: money.udn.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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