- China will lower the VAT rate on individual housing sales purchased less than two years ago from 5% to 3%, effective 1 January 2026.
- Housing held for two years or more remains exempt from VAT.
- The new policy was announced by the Ministry of Finance and the State Taxation Administration on 6 January 2025.
- The new VAT rate applies to sales not declared or paid before 1 January 2026, if requirements are met.
Source: regfollower.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.
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