Beijing Municipality, Circular on Issues Relevant to the Administration of Levy and Collection of Land Value-added Tax

北京市关于土地增值税征收管理有关问题的通知

May 02, 2007 | BY

clpstaff &clp articles

Land value-added tax of 1% levied on newly-established premises in Beijing.

Issued: December 19 2006

Main Contents: From January 1 2007, income from pre-sold commodity premises of real property developers before the completion of construction and settlement of land value-added tax shall be subject to advance land value-added tax at the rate of 1%, except for low-price premises and premises with price restrictions that are approved by the government.

Related Legislation: Circular on Several Issues Concerning Land Value-added Tax, Mar 2 2006

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