China MOF Announces VAT Policy for Residential Property Sales by Individuals

The Chinese Ministry of Finance Dec. 30, 2025, posted Announcement No. 17/2025, on the VAT policy for residential property sales by individuals. The announcement includes the: 1) 3 percent VAT rate for residential properties sold within two years from the acquisition date; and 2) VAT exemption for residential properties held for two or more years. The announcement applies to residential property sales not declared and paid by Jan. 1. [China, Tax Policy Department, 12/30/25]

Reference:
View Announcement No. 17/2025 of 12/29/2025. View Index.