BEIJING, Jan. 25 (Xinhua) -- China's new tax policies aimed at stabilizing the real estate market have resulted in 11.69 billion yuan (about 1.6 billion U.S. dollars) in tax reductions and exemptions in their first month of implementation, according to data released Saturday by the State T...
BEIJING, March 7 (Xinhua) -- China will develop its real estate tax system on the basis of thorough consideration of domestic conditions and practices in other countries, a senior finance official said Wednesday. Real estate tax is a common practice taken by many countries with the aim to boo...
Real Estate Tax Rate For the real estate tax calculated as per the residual value of the house, the tax rate should be 1.2% For the real estate tax calculated as per the house rent, the tax rate should be 12% For the house rented by individuals for living and the real estate tax cal...
Real Estate Tax in ChinaTomasz Wilczak
BEIJING, March 5 (Xinhua) -- China will prudently advance legislation on real estate tax, according to a government work report available to the media ahead of the annual parliamentary session Monday. The government will continue exercising differentiated regulation and put in place permanent mechanis...
DesignChinaacutesRealEstateTaxSystemfromthePerspectiveof 系统标签: 房地产税收公共资源财富我国wealth 从社会财富和公共资源角度 设计我国房地产税收体系 姚玲珍 王洪卫 唐旭君 (上海财经大学,上海200433) 摘要:1990年代末以来,房地产业作为支柱产业为我国社会和经济的发展做出了 巨大贡献,但当下这种定位必须加以改变。土...
China’s real estate market, the world’s largest, is closely linked with China’s economic growth, so taxes on property have significant potential for impacting China’s economy. Impacts: Economy: The property tax is an...
This paper examines the trial implementation of the Real Estate Tax in Shanghai through analyzing its effects on housing price, its effects on the rigid demand of housing and on housing as an investment option. It also identifies a few reform options if the government chooses to implement the ...
CCTV relied on Li Jinsong, a tax expert with Beijing Yitong law firm, to look into the difference between what the developers had paid and what the law required, and found that, while RMB 800 billion had been settled with local governments, the full bill to the real estate companies sh...
Real-estate taxTaxation systemInternational comparisonAs a result of urban development and an imperfect fiscal revenue system of local government, a real estate tax reform has been initiated. It is also accompanied by a rapid increase in real estate......