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After review by Shandong Province, Zibo City, and Lincang District, Qilu Company's 25 projects in 2006 were classified as “three wastes†comprehensive utilization projects and obtained certifications, with internal accounting profits of up to 255 million yuan. Approved by the State Tax Bureau of Zibo City and Linyi District, the company approved a total profit of RMB 120 million for Qilu’s comprehensive utilization projects in 2006, an increase of 29.57 million yuan over the previous year, and a tax-free amount of RMB 39.48 million, an increase of RMB 9.75 million over the previous year.
Qilu Petrochemical seriously organized the accounting of the “three wastes†resources comprehensive utilization project. Through repeated communication with the local government departments, this year it obtained tax relief of 39.48 million yuan, an increase of 32.8% year-on-year.