China on Wednesday rolled out tax policies to support the steady and healthy dev...
Posted 4 days ago
China on Wednesday rolled out tax policies to support the steady and healthy development of the real estate market.
Effective from Dec. 1, 2024, individuals purchasing their only residential property or a second home, as long as the area does not exceed 140 square meters, will pay deed tax at a rate of 1% across the country. For properties with an area exceeding 140 square meters, the deed tax will be levied at 1.5%.
