--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

China Requires Strengthening Management of Real Estate Taxation

The State Administration of Taxation (SAT), the Ministry of Finance and the Ministry of Construction jointly issued a notice requiring to strengthen the management of real estate taxation, said sources from the SAT on Monday.

 

The notice gives details on business taxation in the real estate market and requires all local taxation and finance departments to strictly implement the taxation policies.

 

According to the notice, real estate administrative departments can grant the registration of real estate property only when the taxation warrant is checked.

 

Proposals jointly issued by seven state institutions of the country earlier this month took business taxation as a tool to crack down on speculation in China's real estate market.

 

According to the proposals, after June 1, 2005, private houses sold after being inhabited for less than two years must pay business taxes in accordance with the wholesale price.

 

(Xinhua News Agency May 31, 2005)

 

 

CBRC Warns of Risks in Loans for Real Estate
Why New Policy Can't Cool down Beijing's Housing Prices
Shanghai's Real Estate Prices Cool Off in April
Real Estate, One of Most Profitable Industries in China
Efforts to Control Housing Prices Continue
Further Measures to Control Soaring Housing Prices
Reducing Demand for House Buying
Beijing Warns Against Housing Speculation
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688