Hong Kong - Tax Incentives for Environmentally Friendly Commercial Vehicles China 2008
|Name of policy||Hong Kong - Tax Incentives for Environmentally Friendly Commercial Vehicles|
|Jurisdiction||Subnational region or state|
|Subnational region or state||—|
|City or local||—|
|Type of policy instrument|
|Policy description|| As of 1 April 2008, Hong Kongs Environmental Protection Department (EPD) has implemented an incentive scheme to encourage investment in environmentally friendly commercial vehicles meeting Euro V emission standards for heavy-duty and light-duty diesel vehicles.
Owners of such vehicles are offered a reduction in their First Registration Tax (FRT).
Under the tax concession scheme commercial vehicles include taxis, light-, medium- and heavy-goods vehicles, public and private light buses, public and private non-franchised buses and special purposes vehicles.
|Date of decision||2008|
|Start date of implementation||—|
|End date of implementation||—|
|Source or references||http://www.epd.gov.hk/epd/english/environmentinhk/air/prob_solutions/environment_friendly_commercial_vehicles.html|
|Is supported by policies|
|Comments (background and assessment)||—|