Circular on Adjusting Policies of Business Tax on Individual Transfer of Houses

Circular on Adjusting Policies of Business Tax on Individual Transfer of Houses

Cai Shui [2011] No. 12

January 27, 2011

The financial departments (bureaus) and the local taxation bureaus of all provinces, autonomous regions, municipalities directly under the central government and the cities specially designated in the state plan, the Offices of the State Administration of Taxation at Tibet, Ningxia and Qinghai Provinces (Autonomous Regions), and the financial bureau of Xinjiang Production and Construction Corp.,

For the purpose of improving the sound development of the real estate market, the policies of business tax on individual transfer of houses are issued as follows upon approval of the State Council,

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