Hxen.com's tips：Every day persisted can learn English well!-->■Learn English Everyday■
BEIJING, Jan. 27 (Xinhua) -- The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities.
The pilot reform will tax property owner-occupiers for the first time, officials from the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural Development said Thursday.
China's 1986 provisional property tax regulations did not tax owner-occupiers.
The cities themselves will decide the details of the real estate levy.
|
File photo taken on Apr. 23, 2010 shows residential areas in Shanghai, east China. The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities. Shanghai and Chongqing are cities that will trial the tax first. Shanghai sets its property tax rate at 0.4 to 0.6 percent. |
Municipalities impose property taxes on owners of real estate based upon the value of the property.
Shanghai and Chongqing are cities that will trial the tax first.
Shanghai set its property tax rate at 0.4 to 0.6 percent. Chongqing sets its at 0.5 to 1.2 percent.
