Land value added tax is a big cut of profits from property owners in China.
Land VAT is applicable basically in two scenario: (1) corporate property owners that sell properties, including foreign entities that hold China properties,and (2) individual owners of non-residential properties.
If the owner simply sells in the market for cash, then the land VAT …
The China State Administration of Taxation issued on May 26, 2008 the Circular on Deed Policy relating to Assignment of Assets to Wholly Owned Subsidiary from Parent Company, clarifying a situation where deed tax is exempted.
The circular is to the effect that, where a company increases the registered capital of its wholly owned subsidiary through contributing…
