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Do Foreign Invested Enterprises Make Use Of The Houses In Civil Air Defense Projects For Business Activities To Levy Urban Real Estate Tax?

2007/6/25 13:05:00 40463

In accordance with the regulations laid down in the document No. 2000 of Beijing Finance, since January 1, 2000, in order to encourage the use of underground air defense facilities and to carry out business activities of foreign-funded enterprises in the use of houses in civil air defense projects, the urban real estate tax shall not be levied for the time being.

Wei

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Is The Real Estate Tax Imposed On Non Business Premises Purchased By Foreign Individuals?

According to the spirit of Beijing Finance and Taxation (2000) 259, the non business property purchased by foreign individuals (including overseas Chinese, Hong Kong, Macao and Taiwan) is temporarily exempt from urban real estate tax from January 1, 2000. The non business property purchased by foreign individuals (including overseas Chinese, Hong Kong, Macao and Taiwan) refers to the property purchased by foreign individuals for their own occupation, excluding the business premises for operation