Property News · December 20, 2017

China property tax based on ‘appraisal value’, with legal process to be in place by 2018


China’s new residential properties tax will be based on “appraisal value”, Finance Minister Xiao Jie confirmed in an article published by the communist party’s flagship newspaper, suggesting the top leadership has finally reached initial consensus, which should see an acceleration of its introduction.
However, apart from suggesting all legislative procedures will be completed by 2019, many of the finer details still remain unclear, in what has become one of the most…

Source : South China Morning Post
Read more…China property tax based on ‘appraisal value’, with legal process to be in place by 2018

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