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China to pilot property tax scheme in some regions
Published on: 2021-10-27
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China has decided to pilot testing property tax levies in selected cities during the coming five years, to garner experiences before proceeding with formal legislation.
 

The Standing Committee of the National People's Congress (NPC), China's top legislature, adopted the decision on Saturday to authorize the State Council, the cabinet, to pilot property tax reforms in some regions.
 

Industry experts say a trial property tax could be tested by the end of this year in selected first- and second-tier cities that have hot real estate markets, most likely in Guangdong's Shenzhen, Zhejiang's Hangzhou, and the southern island province of Hainan.
 

China's central government, ever since 2011, has tried out levying the taxes on high-end private residential properties in Shanghai and Chongqing, two mega cities. Since then there has been much discussion of expanding the tests nationwide, though there has been little progress to date, as many local governments are reluctant to push for such a tax out of worries that the property taxation will cause property values to drop, and dampen market demand of land — a crucial source of local governments' revenues.
 

The latest NPC authorization for the State Council is for the purpose of guiding rational consumption of housing, and economical use of land resources to promote the steady and sound development of the country's real estate market.
 

The property tax in the pilot areas will be levied on all types of real estate, including residential and non-residential properties, excluding legally owned rural houses.
 

With a trial period of five years, the State Council, the cabinet, will roll out specific measures for the pilot real estate tax, and the governments of the pilot areas will come up with detailed implementation rules.
 

重磅!房地产税改革试点来了!

为积极稳妥推进房地产税立法与改革,引导住房合理消费和土地资源节约集约利用,促进房地产市场平稳健康发展,第十三届全国人民代表大会常务委员会第三十一次会议决定:授权国务院在部分地区开展房地产税改革试点工作。
 

一、试点地区的房地产税征税对象为居住用和非居住用等各类房地产,不包括依法拥有的农村宅基地及其上住宅。土地使用权人、房屋所有权人为房地产税的纳税人。非居住用房地产继续按照《中华人民共和国房产税暂行条例》、《中华人民共和国城镇土地使用税暂行条例》执行。
 

二、国务院制定房地产税试点具体办法,试点地区人民政府制定具体实施细则。国务院及其有关部门、试点地区人民政府应当构建科学可行的征收管理模式和程序。
 

三、国务院按照积极稳妥的原则,统筹考虑深化试点与统一立法、促进房地产市场平稳健康发展等情况确定试点地区,报全国人民代表大会常务委员会备案。
 

本决定授权的试点期限为五年,自国务院试点办法印发之日起算。试点过程中,国务院应当及时总结试点经验,在授权期限届满的六个月以前,向全国人民代表大会常务委员会报告试点情况,需要继续授权的,可以提出相关意见,由全国人民代表大会常务委员会决定。条件成熟时,及时制定法律。
 

本决定自公布之日起施行,试点实施启动时间由国务院确定。

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