Ministry of Finance and State Administration of Taxation, Circular on the Policy Relating to Land Value-added Tax on Ordinary Standard Residential Premises

Issued: October 20 2006

Main contents: The Circular states that the definition of ordinary standard residential premises in Article 8 of the PRC Land Value-added Tax Tentative Regulations may be strictly interpreted within the scope of the "standards for ordinary residential premises" formulated by people's governments of various provinces, autonomous regions and municipalities directly under the central government in accordance with the State Council General Office, Transmission of the Circular on the«Ministry of Construction and Other Departments, Opinions on Properly Handling the Work to Stabilize the Prices of Residential Premises, <MINISTRY Other Departments, Prices Residential Construction on of and the Work em Properly Handling to Stabilize Premises,2005
Related legislation: PRC Land Value-added Tax Tentative Regulations, Dec 13 1993, CLP 1994 No.1 p.30 and State Council General Office, Transmission of the Circular on the «Ministry of Construction and Other Departments, Opinions on Properly Handling the Work to Stabilize the Prices of Residential Premises, <MINISTRY Other Departments, Prices Residential Construction on of and the Work em Properly Handling to Stabilize Premises,2005