Ministry of Finance and State Administration of Taxation, Circular on Issues Relevant to the Levy and Collection of Real Property Taxes on Foreign-invested Enterprises and Foreign Individuals

财政部、国家税务总局关于对外资企业及外籍个人征收房产税有关问题的通知

March 17, 2009 | BY

clpstaff &clp articles

FIEs required to calculate property taxes in renminbi.

Clp Reference: 3210/09.01.12 Promulgated: 2009-01-12

Issued: January 12 2009

Main Contents: Starting from January 1 2009, the scope of levy of real property taxes on foreign-invested enterprises and foreign individuals, the basis for tax calculation, tax rates, preferential tax treatment, and levy and collection administration shall comply with the PRC Tentative Regulations on Real Property Taxes and relevant provisions (Article 1). Foreign-invested enterprises and foreign individuals that use a currency other than renminbi in accounting shall convert the calculated tax amount into renminbi (Article 2).

Related Legislation: PRC Tentative Regulations on Real Property Taxes, Sept 15 1986

clp reference:3210/09.01.12
promulgated:2009-01-12

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