The Chinese Ministry of Finance June 16 announced the continuation of the land VAT regime on the reorganization enterprises, which applies from Jan. 1, 2021, through Dec. 31, 2023. The agency announced that: 1) qualified entity reorganizations involving state-owned land aren’t subject to land VAT; and 2) the regime doesn’t apply to real estate companies. [China, Ministry of Finance, 06/16/21]
Reference:
View Announcement. View Index.
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.