- Announcement regarding the reform of rural collective property rights system and land value-added tax policy
- Issued by the Ministry of Finance and State Taxation Administration
- Village committees and villagers’ groups transferring state-owned land use rights to rural collective economic organizations are exempt from land value-added tax
- Rural collective economic organizations must be registered with the Ministry of Agriculture and Rural Affairs and obtain a unified social credit code starting with “N”
- Effective from January 1, 2024
- Issued on April 16, 2024 by the Ministry of Finance and State Taxation Administration
Source: thepaper.cn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
