- Announcement by Henan Provincial Department of Finance and other authorities on land value-added tax exemption policy standards
- Aims to implement the spirit of the 20th Party Congress and promote stable real estate market development
- Based on relevant national regulations and approved by the provincial government
- Exemption applies to residential communities with a building plot ratio above 1.0
- Applies to individual units with a building area below 144 square meters
- Applies when the actual transaction price is less than 1.44 times the average housing transaction price on similar land
Source: lexiscn.com
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.
Latest Posts in "China"
- China’s New VAT Refund Policy for Taxpayers Begins September 2025
- China Expands Consumption Tax to Include More Ultra-Luxury and New Energy Vehicles
- China Expands VAT Refunds for Tourists, Jilin Province Joins Scheme from September 2025
- China Introduces New VAT Refund Policy for End-of-Period Tax Credits Starting September 2025
- China’s Major VAT Credit Refund Policy Adjustments: What Businesses Need to Know
