State Administration of Taxation, Announcement on Tax Issues Relevant to the Sale of Fixed Assets Attached to Land or Immovable Property at the time of Assignment of Land Use Rights or Sale of Immovable Property by Taxpayers

国家税务总局关于纳税人转让土地使用权或者销售不动产同时一并销售附着于土地或者不动产上的固定资产有关税收问题的公告

February 07, 2012 | BY

clpstaff &clp articles &

SAT clarifies the tax issue on land assignment with an attachment.

Clp Reference: 3200/11.08.17 Promulgated: 2011-08-17 Effective: 2011-09-01

Main contents: Where a taxpayer, at the time of assignment of land use rights or sale of immovable property, also sells the fixed assets attached to the land or immovable property, value-added tax shall be computed and paid in accordance with the relevant provisions if the said assets are goods subject to value-added tax. If the said assets are immovable property, business tax shall be computed and paid according to the tax item “sale of immovable property”.

clp reference:3200/11.08.17promulgated:2011-08-17effective:2011-09-01

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]