The State Taxation Administration and the Ningbo Municipal Taxation Bureau have issued an announcement regarding several policy issues concerning the liquidation of land value added tax. The announcement includes provisions on the determination of tax calculation units and prepayment rates, recognition of tax revenue from property transfers, and confirmation of payment amounts for land use rights. The announcement aims to strengthen the management of land value added tax liquidation.
Source: hk.lexiscn.com
Latest Posts in "China"
- China Releases Draft VAT Implementation Regulations for 2026 Law
- China Imposes 2000 Line Item Limit on Fully Digitalized Electronic Invoices, Affecting SAP Systems
- USTR Evaluates Extending Section 301 Tariff Exclusions on Chinese Imports Beyond November 2025
- Notice on Formulating the 2025 List of Integrated Circuit Enterprises for VAT Super-deduction Policy
- Launch of 2025 VAT Deduction Policy for Integrated Circuit Enterprises Announced
