New deed tax rule
By Feng Jianmin |
February 3, 2012, Friday
|
Print Edition
Print Edition
CHINA has halved or exempted deed tax imposed on land and property transfers during restructuring of companies, the Ministry of Finance said yesterday.
Effective from last month to the end of 2014, deed tax will be exempted under certain conditions during company restructuring such as reforming corporate system, transferring shares, merger and acquisition, division, or going bankrupt, according to a regulation published by the ministry yesterday.
Effective from last month to the end of 2014, deed tax will be exempted under certain conditions during company restructuring such as reforming corporate system, transferring shares, merger and acquisition, division, or going bankrupt, according to a regulation published by the ministry yesterday.
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