Rental income from properties owned by non-resident foreign investors are subject to the following taxes: -
Type of tax Rate
Income tax 20% on rental income
Business tax 5% on rental income
City property tax 18% on rental income
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Agreement, BUSINESS, DEED TAX, income, Investors, LEASE, payment, PRC, Property, STAMP TAX, tax, Taxation, taxes
Legal authority
The PRC Deed Tax Tentative Regulations issued by the State Council on 7th July 1997 with effect from 1st October 1997.
Scope
Deed tax is payable by the transferee upon the transfer of landed property. Transfer of landed property takes the following ways: -
Acquisition of land use right from the State;
Transfer of land use right including transfer by sale, by exchange, or gift,
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Tax
DEED TAX
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