Property tax bill not to be discussed this year: spokesperson

Source: Xinhua | March 4, 2017, Saturday |

Online Edition

THERE is no plan to submit a property tax bill to lawmakers for deliberation this year, a spokesperson for the annual session of China's top legislature said Saturday.

"There have been a lot of discussions on this issue, as such a bill involves a wide range of interests," Fu Ying, spokeswoman for the fifth session of the 12th National People's Congress (NPC), said at a press conference.

China's current housing tax mechanism mainly taxes development and sales of a property, without taxing home ownership or the market value of homes.

As part of the efforts to cool the property market amid growing public complaints over runaway housing prices, China introduced a trial property tax in cities like Chongqing and Shanghai in 2010.

A reform plan approved by the Third Plenary Session of the 18th Communist Party of China Central Committee in 2013 made clear that the legislation of taxes in the property sector would be accelerated.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Property tax bill not to be discussed this year: spokesperson

Email this to your friend